$F / Tokenized stocks—look at official on-chain data, not the headlines.
Token: Fon | Underlying stock: F
On-chain price: $13.53 (24h -3.31%)
Number of holding addresses: 119 | US market cap: $52,643,512,253
P/E ratio: - | Dividend yield: 4.56%
52-week range: $11.11 - $17.78
Status: closed (Weekend or Holiday)
My take: Tokenized stocks wrap real stocks onto the chain. As long as custody certificates are updated in a timely manner, the on-chain price’s premium/discount versus the underlying will be very small—that’s the whole 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 just hype? 👇
#UncertainBinanceReferralCampaign #F
Token: Fon | Underlying stock: F
On-chain price: $13.53 (24h -3.31%)
Number of holding addresses: 119 | US market cap: $52,643,512,253
P/E ratio: - | Dividend yield: 4.56%
52-week range: $11.11 - $17.78
Status: closed (Weekend or Holiday)
My take: Tokenized stocks wrap real stocks onto the chain. As long as custody certificates are updated in a timely manner, the on-chain price’s premium/discount versus the underlying will be very small—that’s the whole 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 just hype? 👇
#UncertainBinanceReferralCampaign #F