$ACN / Tokenized Stocks — Look at official on-chain data, not the headline.
Token: ACNon | Underlying stock: ACN
On-chain price: $198.05 (24h +0.67%)
Number of holding addresses: 284 | US stock market cap: $118,368,836,609
P/E ratio: 15.32 | Dividend yield: 3.30%
52-week range: $118.15 - $291.09
Status: premarket
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 should be small — that’s exactly what this structure is for. I’ll keep an eye on whether the on-chain price tracks the stock.
Do you think tokenizing the stock is promising, or is it still just hype? 👇
#ACN
Token: ACNon | Underlying stock: ACN
On-chain price: $198.05 (24h +0.67%)
Number of holding addresses: 284 | US stock market cap: $118,368,836,609
P/E ratio: 15.32 | Dividend yield: 3.30%
52-week range: $118.15 - $291.09
Status: premarket
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 should be small — that’s exactly what this structure is for. I’ll keep an eye on whether the on-chain price tracks the stock.
Do you think tokenizing the stock is promising, or is it still just hype? 👇
#ACN