Pond Street Ledger

ON

ON Semiconductor Corporation. There are 20 of these tokens in existence, worth $1.5k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.

$74.3
tracks the share
+0.10%
$52
20
not shares outstanding
-11.00%
$71.86 – $85.14
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.

0xbbd09f72b025360fee5c928053dca6248d35be54

What you would actually own

A token, not a share. It tracks the price of ON Semiconductor Corporationstock, 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 — 20 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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