$GRAB / Tokenized stocks — look at the official on-chain data, not the headlines.
Token: GRABon | Underlying stock: GRAB
On-chain price: $2.90 (24h -3.63%)
Number of holding addresses: 128 | US stock market cap: $11,879,574,039
P/E ratio: 26.45 | Dividend yield: -
52-week range: $2.89 - $6.62
Status: overnight
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 will be only slightly above/below the underlying stock—this is exactly what this structure is for. I’ll keep an eye on whether the on-chain price keeps up with the stock.
Do you see tokenization of the stock as promising, or do you still think it’s just hype? 👇
#GRAB
Token: GRABon | Underlying stock: GRAB
On-chain price: $2.90 (24h -3.63%)
Number of holding addresses: 128 | US stock market cap: $11,879,574,039
P/E ratio: 26.45 | Dividend yield: -
52-week range: $2.89 - $6.62
Status: overnight
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 will be only slightly above/below the underlying stock—this is exactly what this structure is for. I’ll keep an eye on whether the on-chain price keeps up with the stock.
Do you see tokenization of the stock as promising, or do you still think it’s just hype? 👇
#GRAB