$ON / Tokenized stocks——look at official on-chain data, don’t just look at the headlines.
Token: ONon | Underlying stock: ON
On-chain price: $72.39 (24h -2.39%)
Number of holding addresses: 91 | US stock market cap: $28,041,062,420
P/E ratio: 45.47 | Dividend yield: 0.00%
52-week range: $44.56 - $134.92
Status: regular
My take: Tokenized stocks package real stocks onto the blockchain. As long as custody certificates are updated in time, the on-chain price’s premium/discount versus the underlying stock will be small—this is exactly what this structure is for. I’ll watch whether the on-chain price tracks the stock.
Do you think tokenization of stocks is promising, or is it still just hype?👇
#UncertainBinanceInternCommentsonAIAgentUsage #ON
Token: ONon | Underlying stock: ON
On-chain price: $72.39 (24h -2.39%)
Number of holding addresses: 91 | US stock market cap: $28,041,062,420
P/E ratio: 45.47 | Dividend yield: 0.00%
52-week range: $44.56 - $134.92
Status: regular
My take: Tokenized stocks package real stocks onto the blockchain. As long as custody certificates are updated in time, the on-chain price’s premium/discount versus the underlying stock will be small—this is exactly what this structure is for. I’ll watch whether the on-chain price tracks the stock.
Do you think tokenization of stocks is promising, or is it still just hype?👇
#UncertainBinanceInternCommentsonAIAgentUsage #ON