Hedera (HBAR): HashPack Switches On Apple and Tesla Tokens, What Matters Now

HashPack, by far the largest wallet on the Hedera network, switched on trading in tokenised stocks on October 8, 2026. Four assets are available at launch: Apple, Nvidia, Tesla and the S&P 500 ETF SPY. Payment is made with HBAR or USDC already sitting in the wallet. That is the news, and it comes with a catch stated in the announcement itself: Hedera does not issue these tokens, and what they are worth in legal terms depends on a third party's terms.

The HBAR price did not react upwards to the news. Hedera trades at $0.0906, 12.0 percent below where it stood a week earlier, according to CoinGecko on Monday. Together those two facts describe the situation at hand: the network gains a product likely to interest European investors, while the token itself has a weak week behind it.

What HashPack switched on on October 8

Trading runs through the wallet's swap section, HashPack says. There is a toggle between tokens and stocks there, and the same switch appears on the holdings overview. Anyone who has swapped HBAR for another Hedera token before uses the same route, just with a different destination.

A tokenised stock means this: a token on a blockchain whose price tracks a real share without you owning the share itself. It is issued by an issuer that arranges the backing and sets the terms.

Four assets are tradable at launch. HashPack announces more but names neither the assets nor a date. A full fee schedule is also missing from the statement. Three types of cost that can arise are named: Hedera's network fee, the spread on execution and slippage, meaning the difference between the expected price and the one actually achieved. No figures accompany them, and without those you cannot work out what a purchase costs.

For scale: HashPack cites more than a million accounts created and puts its share of the Hedera network's monthly active users at around 90 percent. The rollout therefore reaches not a niche but practically everyone who uses Hedera actively.

Who issues the stock tokens: Robinhood, not Hedera

The statement traces the tokens back to Robinhood's tokenised stock offering, which launched in 2025 for European users on Arbitrum first. Hedera explicitly does not issue them. That separation is the most important sentence in the whole announcement, because it decides whom you can hold responsible if something goes wrong.

When you buy a stock token, you hold a claim against the issuer, represented on a chain. The wallet keeps your key and the chain executes the transfer, but the backing sits with a company whose terms you have to read separately. HashPack puts it bluntly in the statement: holders should not assume voting rights, direct shareholder status or unlimited redemption. Which rights a token carries depends on the issuer's terms.

A stock token therefore establishes no ownership of the share itself. What is new here is only the venue: the product now arrives in a self-custody wallet where many users have held nothing but crypto assets until now.

SODAX as the execution layer: why the order runs across several networks

Technically, stock trading does not hang on Hedera alone. Execution is handled by SODAX, which describes itself as a cross-network execution layer and coordinates trades across Hedera, Sonic and Stellar. You state what should come out at the end, and SODAX finds the route there. SODAX added tokenised stocks to its developer interface in June 2026, according to its own product notes.

That has two consequences for you. The first is convenient: you need to know nothing about bridges or other chains to obtain a stock token. The second calls for attention. An order routed across several networks depends on more machinery than a simple swap inside one chain, and every extra layer is a point where things can jam. Which chain was used in the end only becomes visible afterwards, in the transaction history.

HBAR at $0.0906: the week in numbers

Hedera stands at $0.0906, 2.7 percent below where it was 24 hours earlier and 12.0 percent below the previous week, according to CoinGecko on Monday. Over the day the price moved between $0.0900 and $0.0951. Market capitalisation comes to around $3.98 billion and daily turnover to $95.9 million, putting HBAR 32nd in the ranking by market value.

The week had two markers. On October 5, HBAR still stood at $0.1040 in the daily data from the same source, and at $0.0903 on October 9. The discount between them explains the weekly result. Since then the price has moved in a narrow band around the $0.09 mark, with the October 8 rollout changing nothing about it.

Over 30 days the sum looks different: there it shows a gain of 21.3 percent. The reason lies before the reporting period, in the rally at the end of September. HBAR is 84.1 percent away from its all-time high of $0.5692 on September 15, 2021. In circulation are 44.0 billion of a total 50 billion HBAR.

One note of caution: a new product in a wallet does not automatically move a network token. What would count is whether stock trading generates noticeable transactions and fees on Hedera. Four days after launch there are no reliable figures on that, and network data cannot be broken down by stock tokens.

Buying from Europe: what the announcement leaves open

This is where it gets concrete for you, and where the statement is thinnest. HashPack publishes no list of the countries in which stock trading is available. The statement merely records that Robinhood's stock tokens were aimed at markets outside the United States and that several jurisdictions impose restrictions. Which ones is not stated. No authorisation under the EU's MiCA regulation is mentioned in the announcement.

That leads to a simple sequence before you use the toggle in the wallet. Check in the app whether the stocks section is enabled for your account at all. Read the terms shown at the first swap, and look at who appears there as issuer and as counterparty. And reckon with the fact that the route has to lead back to euros: a stock token cannot be booked into your bank account.

If you want to hold shares and crypto assets under one regulated roof, you are still better served in Germany by a licensed provider. Which of them cover both, and at what cost, is set out in our crypto broker comparison. The difference is not a formality: with a broker, a supervised institution stands between you and the security; with a stock token in a wallet, what stands there is an issuer's terms.

Tax in Germany: the token's classification decides

Two sets of rules come into question, and they lead to different outcomes. Gains from private disposals of crypto assets are tax-free after a holding period of one year; below that, an annual exemption limit of 1,000 euros applies (section 23 paragraph 1 sentence 1 number 2 of the German Income Tax Act). Investment income from shares, by contrast, is subject to the 25 percent withholding tax plus the solidarity surcharge, regardless of how long you have held (section 43a of the German Income Tax Act).

Which of the two applies depends on the legal classification of the token, and for tokenised stocks that is not settled consistently. We have devoted a separate article to exactly this question, setting out the taxation of tokenised stocks in Germany in detail. Do not rely on the one-year rule applying automatically just because the token sits on a blockchain.

In practice: document every swap with date, quantity, price and euro value, even when you only swap HBAR for a stock token. That swap is already an event that can matter for tax. Tools that capture such events across several chains take this work off your hands. Without clean records, the classification becomes guesswork after the fact.

Custody in a self-custody wallet: what to check now

HashPack is a wallet in which you hold the key yourself. For crypto assets that is the desired state. With a stock token, a second risk arrives that no key covers: if the issuer disappears, the backing fails or the terms change, the best custody will not help you.

Three things are worth a look before you hold stock tokens on any scale. First, the seed phrase, the sequence of words from which your access can be restored, belongs offline and not in a cloud. Second, the question of whether your hardware wallet displays the tokens at all; anyone holding larger amounts checks that before the first swap. Third, the counterparty behind the token, which you will find in the terms at the first swap.

A note on expectations: a stock token does not simply pay you a dividend, and HashPack's statement says nothing about distributions. If you hold a share for the dividend, a token is not the same product.

Levels above and below: $0.0903 and $0.1040

Two values from the past week set the band the price has moved in. On the downside, the weekly low in the daily data sits at $0.0903 from October 9, barely below the current price. On the upside, October 5 marks the starting point of the discount at $0.1040; the round ten-cent mark lies between them, and the discussion of recent days has fastened onto it.

That is an observation, not a price target. Whether the $0.09 zone holds or the ten-cent mark comes back within reach depends on the wider market, not on a product launch in a wallet. Bitcoin trades 4.5 percent below the previous week in the same reading, so the broad market is weaker too.

Stock tokens at HashPack: four assets, one outside issuer

The rollout turns a crypto wallet into a place where Apple and Tesla can sit as tokens. That is convenient, but it does not change the fact that the rights to these tokens come from a third party and that the German tax and legal framework is open. Three steps if you want to try it anyway:

1. Check first whether you reach the same goal with a licensed provider covering both shares and crypto assets. The terms are in the crypto broker comparison.
2. Set up your records before you make the first swap, not after. You will find suitable tools among the crypto tax tools.
3. Secure access to the wallet before larger amounts sit in it. Which devices are up to the job is shown by the hardware wallet comparison.

The original announcement sits with HashPack, and a detailed assessment of the launch with Genfinity.

(As of October 12, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)