$OPEN / Tokenized Stocks — Look at the official on-chain data, not the headline.
Token: OPENon | Underlying stock: OPEN
On-chain price: $2.58 (24h +1.65%)
Number of holding addresses: 56 | US stock market cap: $2,503,470,785
P/E ratio: — | Dividend yield: 0.00%
52-week range: $2.52 - $9.38
Status: closed (Weekend or Holiday)
My take: Tokenized stocks package real stocks onto the chain. As long as the custody credentials are updated in time, the on-chain price’s premium/discount versus the underlying should be very small — that’s the whole point of this structure. I’ll watch whether the on-chain price tracks the stock.
Do you think tokenizing stocks is promising, or is this just hype? 👇
#OPEN
Token: OPENon | Underlying stock: OPEN
On-chain price: $2.58 (24h +1.65%)
Number of holding addresses: 56 | US stock market cap: $2,503,470,785
P/E ratio: — | Dividend yield: 0.00%
52-week range: $2.52 - $9.38
Status: closed (Weekend or Holiday)
My take: Tokenized stocks package real stocks onto the chain. As long as the custody credentials are updated in time, the on-chain price’s premium/discount versus the underlying should be very small — that’s the whole point of this structure. I’ll watch whether the on-chain price tracks the stock.
Do you think tokenizing stocks is promising, or is this just hype? 👇
#OPEN