$ABNB / Tokenized stocks — look at the official on-chain data, not the headlines.
Token: ABNBon | Underlying stock: ABNB
On-chain price: $166.93 (24h +0.85%)
Number of holding addresses: 413 | US stock market cap: $97,940,008,405
P/E ratio: 36.42 | Dividend yield: 0.00%
52-week range: $110.81 - $193.45
Status: closed (Weekend or Holiday)
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody receipts are updated on time, the on-chain price’s premium/discount versus the underlying should be very small—this is exactly what this structure is for. I’ll keep an eye on whether the on-chain price is keeping up with the stock.
Do you like tokenized stocks, or do you think it’s still just hype?👇
#ABNB
Token: ABNBon | Underlying stock: ABNB
On-chain price: $166.93 (24h +0.85%)
Number of holding addresses: 413 | US stock market cap: $97,940,008,405
P/E ratio: 36.42 | Dividend yield: 0.00%
52-week range: $110.81 - $193.45
Status: closed (Weekend or Holiday)
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody receipts are updated on time, the on-chain price’s premium/discount versus the underlying should be very small—this is exactly what this structure is for. I’ll keep an eye on whether the on-chain price is keeping up with the stock.
Do you like tokenized stocks, or do you think it’s still just hype?👇
#ABNB