Nu on Robinhood Chain

Nu Holdings (NU), the parent of Nubank, the branchless Brazilian bank run entirely from a phone app, earning interest on credit card balances and personal loans, interchange on card spending, and fees on investments and insurance. It also operates in Mexico and Colombia. Three founders started it in Sao Paulo in 2013 around a purple credit card, and it listed in New York in December 2021. NU on Robinhood Chain is a Robinhood Stock Token, a tokenised debt security issued by Robinhood Assets (Jersey) Limited and backed by Nu Holdings shares held in custody at Alpaca Securities.