$AMZN / Tokenized Stocks——Look at the official on-chain data, not the headlines.
Token: AMZNon | Underlying stock: AMZN
On-chain price: $251.82 (24h +2.28%)
Number of holding addresses: 3061 | US stock market cap: $2,715,598,255,670
P/E ratio: 19.63 | Dividend yield: 0.00%
52-week range: $196.00 - $287.20
Status: regular
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are issued on time, the on-chain price’s premium/discount versus the underlying should be small—this is exactly the purpose of this structure. I’ll be watching whether the on-chain price keeps up with the stock.
Are you bullish on tokenized stocks, or do you still think this is just hype?👇
#AMZN
Token: AMZNon | Underlying stock: AMZN
On-chain price: $251.82 (24h +2.28%)
Number of holding addresses: 3061 | US stock market cap: $2,715,598,255,670
P/E ratio: 19.63 | Dividend yield: 0.00%
52-week range: $196.00 - $287.20
Status: regular
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as the custody certificates are issued on time, the on-chain price’s premium/discount versus the underlying should be small—this is exactly the purpose of this structure. I’ll be watching whether the on-chain price keeps up with the stock.
Are you bullish on tokenized stocks, or do you still think this is just hype?👇
#AMZN