VanEck Semiconductor ETF (SMH) is a tokenized asset on Robinhood Chain, an Ethereum Layer 2. Each token tracks the underlying share, moves as a standard ERC-20 token, and follows the issuer's on-chain transfer rules. On U.CASH you can accept SMH payments, swap it non-custodially, and hold it in your own wallet.
Straight into the app: Swap SMH · Buy SMH · Get UCASH with SMH
Arbitrum Orbit L2. Settlement on U.CASH is non-custodial: every payment moves on-chain, direct to a wallet you control. Confirmation policy for VanEck Semiconductor ETF: 3 confirmations (fast L2 finality).
A single U Account works across accept, swap, and buy. Pick where to start.
Take SMH in checkout alongside cards on 35 networks. White-label, non-custodial, live in minutes.
Trade SMH for any asset across the network, routed for the best price.
Get SMH with any asset you hold, one step, settled to your wallet.
3 forms across 2 chains, compared side by side: issuers, contracts, and ISINs.
On-chain token facts, issuer disclosures, and the public filings an investigator needs, in one place. Everything below is verified at generation time or links to the primary source.
Latest filings from the U.S. Securities and Exchange Commission EDGAR system, for the underlying VanEck ETF Trust (CIK 1137360). The token tracks this entity; it is not issued by it.
U.CASH reads the issuer's price feed: the bid/ask mid times the current token-per-share multiplier. Open the swap for a live quote. Legal terms on the tokenized assets disclosure.
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The setup is deliberately short. One wallet capable of holding VanEck Semiconductor ETF and a little ETH for gas on its chain, one receiving address for the output, and you have everything: a web3 name resolves to the address just as well as the raw string. Read the preview before signing, since it carries the whole trade at a glance, the amounts in and out, the fee, and the network cost. The wallet remains yours throughout and signs nothing you have not seen on screen, which is the whole security posture in one sentence.
The cost picture is two lines. The platform side is a flat 0.50% all-in on the swap, quoted before you sign, with no spread and no routing cut behind it. The network side is gas paid in ETH, settling with about 250 ms blocks on Arbitrum Orbit L2, which the preview itemizes per leg. Settlement is on-chain to the address you chose: 3 confirmations (fast L2 finality) on this asset, after which the balance is spendable and non-custodial in the fullest sense, yours to move with no platform in the path.
Underneath, the aggregated DEX route executes the trade with all-or-nothing semantics: partial fills do not exist here, and a route unable to meet the bounds you approved reverts the whole transaction rather than settling something worse. Your exposure window between legs is therefore zero, the only cost of a failed attempt is its gas, and re-quoting is a click.
Tokenized assets price from their issuer's own feed rather than a crypto market, so the quote tracks the underlying's session, and transfer eligibility follows the issuer's on-chain rules: the contract enforces them at settlement, which is why the checkout asks buyers to confirm eligibility once. These assets are not card-buyable; acquisition runs through the swap rail, and the fee structure above applies unchanged. What the wrapper adds is exposure with wallet speed, not brokerage machinery: no deposit account, no settlement lag between deciding and holding. Holders keep the same options as any token: send it, spend it where it is accepted, or swap back out the way they came in, and every movement carries the chain's own finality with it.
One account unlocks accept, swap, buy, and the rest of the U.CASH network across 35 networks.