What you own when you own a tokenized stockA token that tracks a share is usually not a share. It is a claim on one, and the distance between those two words is where every question about tokenized equities actually lives.Tokenized markets
Shares, funds and other real-world claims issued as tokens: what the holder actually owns, how the price behaves, and who is standing behind it.
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What you own when you own a tokenized stockA token that tracks a share is usually not a share. It is a claim on one, and the distance between those two words is where every question about tokenized equities actually lives.
A stock that trades on SaturdayWhen the underlying exchange is shut, the token keeps trading. Where does the price come from, who is on the other side, and what happens on Monday morning?
When the venue builds the chainA trading venue running its own rollup can be permissionless for developers and still be a single company you depend on. Those are separate properties, and it is worth knowing which one you are getting.