OpenStocks Tokens on BNB Chain Track Prices Without Share Ownership
Edited by Steinar Vigdel Kolnes, Editor, Oslo
OpenStocks' terms say its BNB Chain tokens provide price exposure but give holders no claim on the underlying private-company shares.
OpenStocks' tokens on BNB Chain offer exposure to private-company share prices rather than ownership of those shares, according to a report by The Defiant.
The platform's terms state that token holders have no claim on the underlying equity. Holding a token therefore does not establish ownership of the shares it references.
The terms also permit exposure to be structured through special-purpose vehicles (SPVs) or derivatives. These arrangements distinguish the token offering from a direct purchase of private-company stock.
Source: The Defiant
