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Tokenized on Robinhood Chain
SCHD
Schwab US Dividend Equity ETF. There are 6 of these tokens in existence, worth $219 between them. It is listed but barely trades: under $1.0k changed hands in the last twenty four hours.
Price
$35.24
24 hours
-0.00%
Volume, 24h
$13
Tokens in existence
6
7 days
+4.10%
30 days
—
Range since listing
$33.16 – $35.24
What you would actually own
A token, not a share. It tracks the price of Schwab US Dividend Equity ETFstock, 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 — 6 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.
