$GOOGL / Tokenized Stocks——Read the official on-chain data, don’t just look at the headlines.
Token: GOOGLon | Underlying Stock: GOOGL
On-chain price: $339.80 (24h -0.41%)
Number of holder addresses: 26223 | US stock market cap: $4,143,135,022,698
P/E ratio: 17.23 | Dividend yield: 0.24%
52-week range: $235.84 - $408.61
Status: regular
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are updated in a timely manner, the on-chain price’s premium/discount versus the underlying will be very small—that’s exactly the point of this structure. I’ll be watching to see whether the on-chain price keeps up with the stock.
Do you think tokenized stocks for this stock are a good idea, or is it still just hype?👇
#GOOGL
Token: GOOGLon | Underlying Stock: GOOGL
On-chain price: $339.80 (24h -0.41%)
Number of holder addresses: 26223 | US stock market cap: $4,143,135,022,698
P/E ratio: 17.23 | Dividend yield: 0.24%
52-week range: $235.84 - $408.61
Status: regular
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are updated in a timely manner, the on-chain price’s premium/discount versus the underlying will be very small—that’s exactly the point of this structure. I’ll be watching to see whether the on-chain price keeps up with the stock.
Do you think tokenized stocks for this stock are a good idea, or is it still just hype?👇
#GOOGL