$LI / Tokenized Stocks — look at the official on-chain data, not the headlines.
Token: LIon | Underlying stock: LI
On-chain price: $10.95 (24h -4.11%)
Number of holding addresses: 369 | US stock market cap: $10,862,867,041
P/E ratio: 99.38 | Dividend yield: -
52-week range: $10.92 - $26.33
Status: overnight
My take: Tokenized stocks put 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 point of this structure. I’ll watch to see whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or just another hype? 👇
#DaJieguoLiterature #LI
Token: LIon | Underlying stock: LI
On-chain price: $10.95 (24h -4.11%)
Number of holding addresses: 369 | US stock market cap: $10,862,867,041
P/E ratio: 99.38 | Dividend yield: -
52-week range: $10.92 - $26.33
Status: overnight
My take: Tokenized stocks put 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 point of this structure. I’ll watch to see whether the on-chain price keeps up with the stock.
Do you think tokenized stocks are promising, or just another hype? 👇
#DaJieguoLiterature #LI