$F / Tokenized Stocks——Look at official on-chain data, not the headlines.
Token: Fon | Underlying Stock: F
On-chain price: $13.36（24h -1.60%）
Number of holder addresses: 119 | US stock market cap: $52,227,925,033
P/E ratio: - | Dividend yield: 4.57%
52-week range: $11.11 - $17.78
Status: premarket
My take: Tokenized stocks wrap real shares onto the blockchain. As long as custody receipts are issued/updated in a timely manner, the on-chain price’s premium/discount versus the underlying should be very small—this is the whole point of this structure. I’ll watch whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or is it still just hype?👇
#sillySharesGrokifyMemeImage #F
Token: Fon | Underlying Stock: F
On-chain price: $13.36（24h -1.60%）
Number of holder addresses: 119 | US stock market cap: $52,227,925,033
P/E ratio: - | Dividend yield: 4.57%
52-week range: $11.11 - $17.78
Status: premarket
My take: Tokenized stocks wrap real shares onto the blockchain. As long as custody receipts are issued/updated in a timely manner, the on-chain price’s premium/discount versus the underlying should be very small—this is the whole point of this structure. I’ll watch whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or is it still just hype?👇
#sillySharesGrokifyMemeImage #F