$ABNB / Tokenized Stocks — look at the official on-chain data, not the headline.
Token: ABNBon | Underlying stock: ABNB
On-chain price: $167.00 (24h -0.06%)
Number of holding addresses: 413 | US stock market cap: $98,360,210,837
P/E ratio: 36.42 | Dividend yield: 0.00%
52-week range: $110.81 - $193.45
Status: premarket
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are issued promptly, the on-chain price’s premium/discount versus the underlying should be very small—this is exactly the purpose of this structure. I’ll watch whether the on-chain price keeps up with the underlying stock.
Do you think tokenized stocks are promising, or is it still just hype? 👇
#ABNB
Token: ABNBon | Underlying stock: ABNB
On-chain price: $167.00 (24h -0.06%)
Number of holding addresses: 413 | US stock market cap: $98,360,210,837
P/E ratio: 36.42 | Dividend yield: 0.00%
52-week range: $110.81 - $193.45
Status: premarket
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are issued promptly, the on-chain price’s premium/discount versus the underlying should be very small—this is exactly the purpose of this structure. I’ll watch whether the on-chain price keeps up with the underlying stock.
Do you think tokenized stocks are promising, or is it still just hype? 👇
#ABNB