Pond Street Ledger

POWL

Powell Industries, Inc.. There are 11 of these tokens in existence, worth $2.1k between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.

$190.31
tracks the share
$100
11
not shares outstanding
-12.50%
$180.33 – $217.59
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.

0x237c16d66590f67b886d978acd362eaead8b18c7

What you would actually own

A token, not a share. It tracks the price of Powell Industries, Inc.stock, 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 — 11 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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