FGDL, issued by Robinhood Europe, UAB, is a tokenized-commodities derivative contract that gives onchain price exposure to Franklin Responsibly Sourced Gold ETF, a U.S.-listed commodity-linked exchange-traded product, without conveying ownership of the underlying units [S1][S2][S3].

The token tracks the live price of Franklin Responsibly Sourced Gold ETF (FGDL), with each token corresponding to one underlying unit [S1][S3]. Tokens are displayed in U.S. dollars and bought or sold in euros, and the holder bears a 0.10% foreign exchange fee on each order with no added spreads and no commissions from Robinhood [S4][S3][S5]. If the underlying issues a distribution and eligibility requirements are met, an equivalent cash amount is passed through in euros, free of the foreign exchange fee [S6][S2].

Robinhood Europe, UAB, company code 306377915, is a Lithuanian entity authorized and regulated by the Bank of Lithuania, offering these products under MiFID II as over-the-counter derivative contracts [S2][S1]. Each tokenholder's claim is contractual against Robinhood Europe rather than a right to the hedged units, which are held by a U.S.-licensed institution [S1][S2]. The product is available to eligible retail customers across thirty EU and EEA countries who pass KYC, AML and an appropriateness assessment [S5][S4]. There is no in-kind redemption; holders exit by selling in-app, with a T+1 withdrawal hold, and bear Robinhood's insolvency risk [S4][S1].

Tokens are issued natively on Arbitrum, an Ethereum Layer 2, and are recorded onchain when the derivative contract is entered [S5][S1]. They cannot be transferred to external wallets [S2]. Trading runs in-app from Monday to Saturday around the clock, with orders queued outside those hours, pricing tracks the U.S.-listed instrument, and sell proceeds settle for withdrawal at T+1 [S4][S3][S5].

<Sources
  retrievedAt="2026-06-18"
  items={[
    { id: "S1", url: "https://robinhood.com/eu/en/support/articles/about-stock-tokens/" },
    { id: "S2", url: "https://robinhood.com/eu/en/support/articles/stock-tokens-faq/" },
    { id: "S3", url: "https://robinhood.com/eu/en/invest/" },
    { id: "S4", url: "https://robinhood.com/eu/en/support/articles/buy-and-sell-stock-tokens/" },
    { id: "S5", url: "https://robinhood.com/us/en/newsroom/robinhood-launches-stock-tokens-reveals-layer-2-blockchain-and-expands-crypto-suite-in-eu-and-us-with-perpetual-futures-and-staking/" },
    { id: "S6", url: "https://robinhood.com/eu/en/support/articles/corporate-actions-for-stock-tokens/" },
  ]}
/>


# Asset senders (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

Tokenized commodities

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Real-world asset (RWA) issuers

Robinhood

Franklin Responsibly Sourced Gold ETF (Robinhood Classic Stock Token) (FGDL) is a token tracking gold, issued by Robinhood through Robinhood Europe, UAB.

Each token tracks one troy ounce of gold and is a synthetic instrument that provides contractual exposure to the reference asset.

Retail investors and professional investors can mint and redeem directly with Robinhood after completing KYC, and holders have a contractual right to redeem, with same- or next-business-day settlement.

Robinhood Europe, UAB is incorporated in Lithuania, is a MiFID II financial instrument, and is supervised by the Bank of Lithuania.

Holder terms are governed by the law of Lithuania.

FGDL has been issued on Arbitrum One as an ERC-20 token since March 2026.

Franklin Responsibly Sourced Gold ETF (Robinhood Classic Stock Token)FGDL