Tokenised stocks and real-world assets, honestly

A tokenised stock is not a share. It is a token whose value is meant to track a share, issued by a company that holds (or claims to hold) the underlying. The difference shows up exactly when it matters: dividends, voting, a split, a delisting, or the issuer failing.

These pages describe the structure rather than the marketing. Access, issuer risk, liquidity depth, trading hours and redemption rights are each covered — and where FBT Swap simply routes to a public market, the page says so instead of implying a brokerage relationship that does not exist.

Tokenizing an asset moves the claim on-chain. It does not move the asset. Settlement gets faster, ownership becomes fractional and the register becomes public — and underneath, a custodian still holds the thing, an issuer still owes you, and a legal structure still decides what happens if either fails.

So the questions worth asking are not about the blockchain. They are about who holds the underlying, who attests to it and how often, which jurisdiction governs the claim, and whether redemption works in practice for someone holding your position size.