$GOOGL / Tokenized stocks—look at official on-chain data, not the headline.
Token: GOOGLon | Underlying stock: GOOGL
On-chain price: $341.75 (24h -2.82%)
Number of holding addresses: 26295 | US stock market cap: $4,135,866,943,647
P/E ratio: 17.24 | Dividend yield: 0.24%
52-week range: $235.84 - $408.61
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody certificates are kept up to date, the on-chain price’s premium/discount versus the underlying stock will be very small—that’s exactly what this structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you like tokenized stocks, or do you think it’s still just hype?👇
#GOOGL
Token: GOOGLon | Underlying stock: GOOGL
On-chain price: $341.75 (24h -2.82%)
Number of holding addresses: 26295 | US stock market cap: $4,135,866,943,647
P/E ratio: 17.24 | Dividend yield: 0.24%
52-week range: $235.84 - $408.61
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody certificates are kept up to date, the on-chain price’s premium/discount versus the underlying stock will be very small—that’s exactly what this structure is for. I’ll be watching whether the on-chain price keeps up with the stock.
Do you like tokenized stocks, or do you think it’s still just hype?👇
#GOOGL