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Tokenized on Robinhood Chain
AVAV
AeroVironment, Inc.. There are 50 of these tokens in existence, worth $6.2k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.
Price
$123.63
24 hours
+1.77%
Volume, 24h
$557
Tokens in existence
50
7 days
-10.56%
30 days
-20.20%
Range since listing
$116.31 – $1,887.81
What you would actually own
A token, not a share. It tracks the price of AeroVironment, Inc.stock, and it is a claim arranged by an issuer rather than an entry on the company's share register: no vote, no direct dividend entitlement, and a counterparty between you and the equity. The supply figure above is the honest measure of how large this actually is — 50 tokens is a different order of magnitude from the company's shares outstanding, and conflating the two is the most common mistake made about this market. The longer answer.
