$AMZN / Tokenized stocks—look at the official on-chain data, not the headline.
Token: AMZNon | Underlying stock: AMZN
On-chain price: $246.08（24h -1.56%）
Number of holding addresses: 3047 | US stock market cap: $2,654,134,249,094
P/E ratio: 19.91 | Dividend yield: 0.00%
52-week range: $196.00 - $287.20
Status: regular
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are updated in a timely manner, the on-chain price’s premium/discount versus the underlying should be very small—that’s the purpose of this structure. I’ll keep an eye on whether the on-chain price moves in line with the stock.
Do you think tokenization of stocks is promising, or is it just hype?👇
#AMZN
Token: AMZNon | Underlying stock: AMZN
On-chain price: $246.08（24h -1.56%）
Number of holding addresses: 3047 | US stock market cap: $2,654,134,249,094
P/E ratio: 19.91 | Dividend yield: 0.00%
52-week range: $196.00 - $287.20
Status: regular
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are updated in a timely manner, the on-chain price’s premium/discount versus the underlying should be very small—that’s the purpose of this structure. I’ll keep an eye on whether the on-chain price moves in line with the stock.
Do you think tokenization of stocks is promising, or is it just hype?👇
#AMZN