$LI / Tokenized stocks — use the official on-chain data, not the headline.
Token: LIon | Underlying stock: LI
On-chain price: $11.38 (24h -1.04%)
Number of holding addresses: 367 | US stock market cap: $11,103,126,061
P/E ratio: 99.38 | Dividend yield: -
52-week range: $11.07 - $26.33
Status: overnight
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are timely, the on-chain price premium/discount versus the underlying will be very small—that’s the point of this structure. I’ll be watching whether the on-chain price tracks the stock.
Do you think tokenizing this stock is promising, or is it just hype? 👇
#LI
Token: LIon | Underlying stock: LI
On-chain price: $11.38 (24h -1.04%)
Number of holding addresses: 367 | US stock market cap: $11,103,126,061
P/E ratio: 99.38 | Dividend yield: -
52-week range: $11.07 - $26.33
Status: overnight
My take: Tokenized stocks package real stocks onto the blockchain. As long as the custody certificates are timely, the on-chain price premium/discount versus the underlying will be very small—that’s the point of this structure. I’ll be watching whether the on-chain price tracks the stock.
Do you think tokenizing this stock is promising, or is it just hype? 👇
#LI