Priced in a stock
What it means for a coin to be denominated in a tokenized equity, and what you inherit with it.
Most coins here are priced in one tokenized stock, and that is the case the whole design was built around. A coin can also be priced in SOL or USDC or in a bundle of stocks; this page is about the stock case, where the choice carries the most with it.
What you get
An exchange. The stock is listed somewhere real, and the coin takes that venue's calendar. A coin priced in a Tokyo listing keeps Tokyo hours, including the lunch break.
A denominator that moves. Your position is in the coin against the stock. If the stock rises and the coin holds its price in stock terms, you have made money in dollars without the coin moving at all. If the stock falls, the reverse. The coin's page quotes everything in the stock, because that is what the program actually counts.
A price that exists. The whole point of the hours rule is that the coin only trades while the market that prices its denominator is open.
What you inherit
The stock is somebody else's promise
A tokenized stock tracks a share only for as long as its issuer keeps redeeming it. Issuers of these tokens typically keep the ability to freeze transfers and to claw tokens back. This program has no say in any of that, and no way to protect you from it. Read the issuer's terms before you hold one.
Corporate actions
These tokens usually handle dividends and splits by changing a multiplier rather than by moving anything, so the balance in your wallet stays the same number while what it is worth changes. A coin priced in one of them does not break when that happens, and neither does its curve. It simply becomes worth more or less in dollar terms, the same as the stock.
Which stocks
The stocks a coin may be priced in are registered by the protocol authority, and the launch form lists exactly those. They are xStocks, and their real tickers carry a trailing x: the mint is AAPLx, and the issuer publishes the logo under that name. The interface prints them without it, so the launch form says Apple's ticker and the chain records AAPLx. Registration sets the venue the stock is listed on and the size of the curve denominated in it. It cannot be changed for a coin that already exists.