$FTGC / Tokenized stocks—look at official on-chain data, not the headline.
Token: FTGCon | Underlying stock: FTGC
On-chain price: $31.68 (24h -0.14%)
Number of holding addresses: 51 | US stock market cap: $3,354,412,657
P/E ratio: - | Dividend yield: -
52-week range: $22.70 - $31.71
Status: closed (Weekend or Holiday)
My take: Tokenized stocks put real stocks onto the blockchain. As long as custody receipts are issued on time, the on-chain price’s premium/discount versus the underlying will be very small—this is exactly the point of this structure. I’ll be watching whether the on-chain price tracks the stock.
Do you think tokenization of stocks is promising, or is it still just hype?👇
#FTGC
Token: FTGCon | Underlying stock: FTGC
On-chain price: $31.68 (24h -0.14%)
Number of holding addresses: 51 | US stock market cap: $3,354,412,657
P/E ratio: - | Dividend yield: -
52-week range: $22.70 - $31.71
Status: closed (Weekend or Holiday)
My take: Tokenized stocks put real stocks onto the blockchain. As long as custody receipts are issued on time, the on-chain price’s premium/discount versus the underlying will be very small—this is exactly the point of this structure. I’ll be watching whether the on-chain price tracks the stock.
Do you think tokenization of stocks is promising, or is it still just hype?👇
#FTGC