Tokenized Equities

Median absolute premium, in basis points, of AltStreet's curated tokenized-equity mark set against the underlying securities. Each symbol's daily reference mark is a median 15-minute TWAP across tracked venues over a fixed window, published with its sample count, sample exclusions and quality flags; the premium is that mark against the Chainlink underlying. The headline is the cross-sectional median of the absolute premiums — how far the typical tokenized equity traded from what it represents — and the secondary value counts the symbols contributing one. Coverage is roughly a dozen curated symbols, not all tokenized equity. Symbols with no consensus underlying (private companies such as SPACEX and OPENAI) publish a mark but no premium and are excluded from the basis rather than counted as zero, which would understate it. A premium is a deviation, never a return and never an arbitrage profit: capturing one requires venue access, size and fees this series does not model.

Total 24-hour traded volume in USD across the Backed Finance xStocks family of tokenized US-listed equities and ETFs on Solana (roughly 103 symbols), with breadth — the count of symbols trading at least $1,000 that day — as the secondary value. Concentration (top-five share and a Herfindahl index), median symbol volume and the ten highest-volume symbols are carried in raw; individual symbols appear only as volume rankings, never as prices. Volume is CoinGecko-reported venue volume, not audited trade prints. Each print records its own PROVENANCE, computed from the gap between the date described and when the rows were written: history before August 2026 was acquired in a bulk retrospective backfill rather than collected at the time, and prints say which — the market data is real either way, but the two are different claims. Days on which the upstream snapshot universe collapsed are excluded as collection gaps rather than published as volume declines. The tracked universe grew from 12 symbols in July 2025 to roughly 103 by August 2026, so total volume is not comparable across distant dates without checking the symbol count; median symbol volume is the composition-robust alternative. This is a DIFFERENT dataset from the curated mark set behind /data/marks that feeds the Tokenized Equity Basis and Venue Spread series.

Median widest-pair cross-venue spread, in basis points, across AltStreet's curated tokenized-equity set. Each symbol contributes a TWAP quote per venue sampled (Robinhood Chain, Robinhood Chain on Uniswap v4, Solana xStocks, Base); every venue pair's spread is computed and the widest taken, and the headline is the cross-sectional median of those widest pairs. Where venue depth allows, an executable spread net of price impact at a stated size is also recorded. A cross-venue spread is a price difference, never a profit: capturing one requires simultaneous access to both venues with size and absorbs fees, bridging time, gas and counterparty risk, none of which these figures model — the depth-adjusted executable numbers come closest and still exclude them. Symbols quoting on a single venue have no spread and are excluded rather than counted as zero. Coverage is the curated set across the venues the daemon samples, not all tokenized equity and not all venues.