Pond Street Ledger

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.

$271.96
tracks the share
-0.01%
$11
9
not shares outstanding
+3.50%
$257.48 – $312.66
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.

0x03dfbbe0ac4e7bcdafd08ed41a400326b77d8c80

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.

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