[Arcus Launches pTokens on Robinhood Chain, Tokenizing Perpetual Accounts] According to The Block, Arcus has launched the pToken protocol on Robinhood Chain, enabling the conversion of perpetual contract account shares with fixed market and leverage levels into transferable ERC-20 tokens, which can be used in lending and other on-chain protocols. The initial batch supports BTC, SOL, HYPE, and certain stock token leverage exposures, while also introducing a multi-asset collateral feature that allows SPY, QQQ, and MAG7 tokens to be used as collateral for perpetual trading.