$ABNB / Tokenized Stocks—look at on-chain official data, don’t just read the headline.
Token: ABNBon | Underlying stock: ABNB
On-chain price: $166.86 (24h -0.04%)
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: premarket
My take: Tokenized stocks wrap real shares onto the blockchain. As long as custody receipts are updated in a timely manner, the on-chain price should track the underlying stock’s premium/discount closely—this is exactly what the structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenization of stocks is a good idea, or is it still just speculation?👇
#ABNB
Token: ABNBon | Underlying stock: ABNB
On-chain price: $166.86 (24h -0.04%)
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: premarket
My take: Tokenized stocks wrap real shares onto the blockchain. As long as custody receipts are updated in a timely manner, the on-chain price should track the underlying stock’s premium/discount closely—this is exactly what the structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenization of stocks is a good idea, or is it still just speculation?👇
#ABNB