$GOOGL / Tokenized Stocks——Look at the official on-chain data, not the headline.
Token: GOOGLon | Underlying stock: GOOGL
On-chain price: $345.44 (24h +0.27%)
Number of holding addresses: 26206 | US stock market cap: $4,205,235,916,724
P/E ratio: 17.23 | Dividend yield: 0.24%
52-week range: $235.84 - $408.61
Status: offhours
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are issued/updated in a timely manner, the on-chain price should have only a small premium/discount versus the underlying—this is exactly what the structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you believe in tokenizing stocks, or do you think it’s still just hype?👇
#GOOGL
Token: GOOGLon | Underlying stock: GOOGL
On-chain price: $345.44 (24h +0.27%)
Number of holding addresses: 26206 | US stock market cap: $4,205,235,916,724
P/E ratio: 17.23 | Dividend yield: 0.24%
52-week range: $235.84 - $408.61
Status: offhours
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are issued/updated in a timely manner, the on-chain price should have only a small premium/discount versus the underlying—this is exactly what the structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you believe in tokenizing stocks, or do you think it’s still just hype?👇
#GOOGL