$ON / Tokenized Stocks——Check the official on-chain data, not the headlines.
Token: ONon | Underlying stock: ON
On-chain price: $73.20 (24h -1.25%)
Number of holding addresses: 91 | US stock market cap: $28,505,985,150
P/E ratio: 45.78 | Dividend yield: 0.00%
52-week range: $44.56 - $134.92
Status: premarket
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are provided in a timely manner, the premium/discount of the on-chain price versus the underlying should be very small—that’s exactly what this structure is for. 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 speculation? 👇
#BinanceMidAutumnMoonLanding #ON
Token: ONon | Underlying stock: ON
On-chain price: $73.20 (24h -1.25%)
Number of holding addresses: 91 | US stock market cap: $28,505,985,150
P/E ratio: 45.78 | Dividend yield: 0.00%
52-week range: $44.56 - $134.92
Status: premarket
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are provided in a timely manner, the premium/discount of the on-chain price versus the underlying should be very small—that’s exactly what this structure is for. 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 speculation? 👇
#BinanceMidAutumnMoonLanding #ON