$MSFT / Tokenized stocks — look at official on-chain data, not the headlines.
Token: MSFTon | Underlying stock: MSFT
On-chain price: $516.17 (24h +1.03%)
Number of holding addresses: 19523 | US stock market cap: $3,809,898,880,522
P/E ratio: 28.26 | Dividend yield: 0.70%
52-week range: $349.20 - $553.72
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody certificates are updated in a timely manner, the on-chain price should have only a small premium/discount versus the underlying — that’s exactly what this structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenizing stocks is promising, or is it still just hype?👇
#MSFT
Token: MSFTon | Underlying stock: MSFT
On-chain price: $516.17 (24h +1.03%)
Number of holding addresses: 19523 | US stock market cap: $3,809,898,880,522
P/E ratio: 28.26 | Dividend yield: 0.70%
52-week range: $349.20 - $553.72
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody certificates are updated in a timely manner, the on-chain price should have only a small premium/discount versus the underlying — that’s exactly what this structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenizing stocks is promising, or is it still just hype?👇
#MSFT