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Tokenized on Robinhood Chain
JNJ
Johnson & Johnson. There are 9 of these tokens in existence, worth $2.5k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.
Price
$271.96
24 hours
-0.01%
Volume, 24h
$11
Tokens in existence
9
7 days
+3.50%
30 days
—
Range since listing
$257.48 – $312.66
What you would actually own
A token, not a share. It tracks the price of Johnson & Johnsonstock, 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 — 9 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.
