$SNAP / Tokenized stocks — look at on-chain official data, not the headline.
Token: SNAPon | Underlying stock: SNAP
On-chain price: $5.43 (24h +0.14%)
Number of holding addresses: 89 | US stock market cap: $9,177,754,537
P/E ratio: - | Dividend yield: 0.00%
52-week range: $3.81 - $9.13
Status: closed (Weekend or Holiday)
My take: Tokenized stocks put real stocks onto the blockchain. As long as the custody receipts are timely, the premium/discount between the on-chain price and the underlying should be very small—that’s the purpose of this structure. I’ll keep an eye on whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or is it just hype?👇
#SNAP
Token: SNAPon | Underlying stock: SNAP
On-chain price: $5.43 (24h +0.14%)
Number of holding addresses: 89 | US stock market cap: $9,177,754,537
P/E ratio: - | Dividend yield: 0.00%
52-week range: $3.81 - $9.13
Status: closed (Weekend or Holiday)
My take: Tokenized stocks put real stocks onto the blockchain. As long as the custody receipts are timely, the premium/discount between the on-chain price and the underlying should be very small—that’s the purpose of this structure. I’ll keep an eye on whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or is it just hype?👇
#SNAP