Pond Street Ledger

F

Ford Motor. There are 146 of these tokens in existence, worth $2.0k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.

$13.96
tracks the share
$995
146
not shares outstanding
+0.70%
-2.40%
$13.78 – $15.34
token price, low to high

This is the contract on Robinhood Chain. Every figure on this page is derived from it and can be checked against it, which is the only reason we are comfortable publishing a page of numbers about somebody else's share price.

0x25c288e6d899b9bc30160965ad9644c67e73be0c

What you would actually own

A token, not a share. It tracks the price of Ford Motorstock, 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 — 146 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.

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