Pond Street Ledger

UPS

UPS. There are 5 of these tokens in existence, worth $523 between them. It trades.

$102.5
tracks the share
$3.1k
5
not shares outstanding
-1.10%
-3.10%
$101.61 – $117.22
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.

0xf23250dac154d05bb671cb0d0ebef3c635c79ce2

What you would actually own

A token, not a share. It tracks the price of UPSstock, 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 — 5 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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