Pink Sheets

Pink Sheets is a block-trading desk running on Robinhood Chain, trading memecoins and tokenized stocks issued on that chain. Tokenized stocks are a class of assets that move traditional securities such as US equities onto the chain for transfer, and Robinhood Chain treats them as one of its defining features.

Functionally, a block-trading desk organizes matching for large buy and sell orders so a single trade does not have to hit the public liquidity pool and move the price. Since memecoins and tokenized stocks both swing sharply, this arrangement mainly serves traders who do not want their execution to visibly move the market. PINK is the platform's native token and trades against ETH on decentralized venues on that chain. Note that tokens sharing the same name exist on other networks, so identification should be based on the contract address on the relevant chain.