$ABNB / Tokenized stocks—look at on-chain official data, don’t just look at the headline.
Token: ABNBon | Underlying stock: ABNB
On-chain price: $162.34 (24h -3.00%)
Number of holding addresses: 413 | US stock market cap: $95,358,114,242
P/E ratio: 36.42 | Dividend yield: 0.00%
52-week range: $110.81 - $193.45
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are updated on time, the on-chain price should keep a very small premium/discount versus the underlying—this is the point of the structure. I’ll be watching to see whether the on-chain price keeps up with the stock.
Do you see tokenized stocks as promising, or do you think it’s still just hype?👇
#ABNB
Token: ABNBon | Underlying stock: ABNB
On-chain price: $162.34 (24h -3.00%)
Number of holding addresses: 413 | US stock market cap: $95,358,114,242
P/E ratio: 36.42 | Dividend yield: 0.00%
52-week range: $110.81 - $193.45
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are updated on time, the on-chain price should keep a very small premium/discount versus the underlying—this is the point of the structure. I’ll be watching to see whether the on-chain price keeps up with the stock.
Do you see tokenized stocks as promising, or do you think it’s still just hype?👇
#ABNB