Section
Tokenized Equities
Stock tokens, the claims behind them, and who is on the hook when markets are shut.
Tokenized Equities · Market Structure
Uniswap's Founder Says Tokenized Stocks Should Trade Against Index Funds, Not Dollars
efrog #666
Hayden Adams broke a blogging silence dating to 2019 to argue automated market makers will take the largest markets. A former XTX trader replied that they are heading to zero.
Explainer · Tokenized Equities
What a Tokenized Stock Actually Is, and What You Own When You Hold One
efrog #1620
A tokenized stock is almost never the share. It is a claim on someone who holds the share, wrapped in code, and the quality of your position depends entirely on who that someone is.