$OPEN / Tokenized Stocks—Look at On-Chain Official Data, Not the Headlines.
Token: OPENon | Underlying Stock: OPEN
On-chain price: $2.61 (24h -4.29%)
Number of holding addresses: 54 | US stock market cap: $2,518,613,007
P/E ratio: - | Dividend yield: 0.00%
52-week range: $2.52 - $9.38
Status: regular
My take: Tokenized stocks put real stocks onto the blockchain. As long as the custody receipts are updated in a timely manner, the on-chain price’s premium/discount versus the underlying will be small—this is the point of the structure. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or is it still just hype? 👇
#OPEN
Token: OPENon | Underlying Stock: OPEN
On-chain price: $2.61 (24h -4.29%)
Number of holding addresses: 54 | US stock market cap: $2,518,613,007
P/E ratio: - | Dividend yield: 0.00%
52-week range: $2.52 - $9.38
Status: regular
My take: Tokenized stocks put real stocks onto the blockchain. As long as the custody receipts are updated in a timely manner, the on-chain price’s premium/discount versus the underlying will be small—this is the point of the structure. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or is it still just hype? 👇
#OPEN