Dark Pool logoDark Poolnon-displayed venue
Open terminal
Abstract depth visualization of concealed order flow
Built for Robinhood Chain

Trade size in tokenized
equities without telling
the whole chain.

Public orderbooks broadcast intent. On a chain where equities settle in the open, a 10,000-share order is a signal anyone can trade against. Dark Pool is a non-displayed venue: orders stay sealed until they cross, size prints late, and settlement is still verifiable on-chain.

Open the terminalHow matching works
3 bps
avg. leakage
72%
fill rate
T+0
settlement
Public tapeconcealed
  • rTSLA················
  • rNVDA················
  • rAAPL················
  • rSPYSELL5,600571.04
  • rMSFTBUY3,900418.42
3 of 5 orders sealed · size revealed post-settlement
rTSLA 248.32/SEALED ····/ADV 18.4M/MID CROSS/rNVDA 132.87/SEALED ····/ADV 42.1M/MID CROSS/rAAPL 227.14/SEALED ····/ADV 27.9M/MID CROSS/rMSFT 418.55/SEALED ····/ADV 12.6M/MID CROSS/rSPY 571.08/SEALED ····/ADV 63.2M/MID CROSS/rTSLA 248.32/SEALED ····/ADV 18.4M/MID CROSS/rNVDA 132.87/SEALED ····/ADV 42.1M/MID CROSS/rAAPL 227.14/SEALED ····/ADV 27.9M/MID CROSS/rMSFT 418.55/SEALED ····/ADV 12.6M/MID CROSS/rSPY 571.08/SEALED ····/ADV 63.2M/MID CROSS/
01

The leakage problem

Tokenized equities inherit the transparency of a blockchain — and the predators of an open market.

Sealed order flow behind frosted panels
lit tape · intent exposed

Pre-trade broadcast

A resting limit order on a lit AMM or CLOB reveals price, size and direction before it ever executes.

Mempool front-running

Searchers see the transaction before inclusion and position ahead of it, taxing every large fill.

Strategy fingerprinting

Wallet history turns a fund's accumulation pattern into a public, permanently indexed dataset.

Market impact

Working a block through a thin lit book walks the price against you — the cost compounds with size.

02

Mechanism

step 1

Seal

The order is encrypted client-side. Only a commitment hash reaches the chain — price, size and side stay off the public record.

commit(side, qty, px, salt)
step 2

Cross

A periodic sealed auction matches contra interest at the midpoint of the reference NBBO. No queue to snipe, no price to react to.

match @ mid(NBBO)
step 3

Settle

Matched legs settle atomically in tokenized shares and USDC. The tape publishes the print; size is delayed and aggregated.

atomicSwap → receipt

Lit venue

Order visibility
Public before execution
Size disclosure
Full, immediate
Front-running risk
High
Impact on 10k shares
~34 bps

Dark Pool

Order visibility
Sealed until cross
Size disclosure
Post-trade, delayed
Front-running risk
Structurally removed
Impact on 10k shares
~3 bps
03

Private, not opaque

Privacy at the venue layer does not mean invisibility to regulators. Every participant is admitted through the chain's existing eligibility checks, and every match produces a proof that an auditor with the viewing key can verify — without that record being public.

  • ✓Permissioned participation via on-chain eligibility attestation
  • ✓Selective disclosure: viewing keys for auditors and counterparties
  • ✓Proof of solvency and proof of correct matching per auction
  • ✓Post-trade tape publication meeting reporting expectations

Eligible instruments

ADV
  • rTSLA
    Tesla Inc.
    248.32
    18.4M
  • rNVDA
    NVIDIA Corp.
    132.87
    42.1M
  • rAAPL
    Apple Inc.
    227.14
    27.9M
  • rMSFT
    Microsoft Corp.
    418.55
    12.6M
  • rSPY
    S&P 500 Trust
    571.08
    63.2M
Route an order

Liquidity should not cost you your information.

Open the terminal and trade tokenized equities on Robinhood Chain mainnet — sealed orders, midpoint crossing, atomic settlement.

Enter the pool