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Tokenized on Robinhood Chain
GLD
SPDR Gold Shares. There are 576 of these tokens in existence, worth $247.3k between them. It trades.
Price
$429.13
24 hours
-0.47%
Volume, 24h
$1.4m
Tokens in existence
576
7 days
+6.60%
30 days
—
Range since listing
$388.3 – $540.34
What you would actually own
A token, not a share. It tracks the price of SPDR Gold Sharesstock, 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 — 576 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.
