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Tokenized on Robinhood Chain
GLD
SPDR Gold Shares. There are 19,247 of these tokens in existence, worth $7.3m between them. It trades.
Price
$381.19
24 hours
+0.04%
Volume, 24h
$3.4m
Tokens in existence
19,247
7 days
-0.87%
30 days
-4.44%
Range since listing
$373.36 – $2,207.72
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 — 19,247 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.
