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A comment on Fake Tesla, Apple stocks have started trading on blockchains. Parent comment

Re:Fake Tesla, Apple stocks have started trading on blockchains by ZephyrBlu on Tuesday July 06, 2021 @09:28PM (#27756374)
I assumed they held all the securities themselves facilitated 24/7 trading like that. Not holding the securities seems extremely dodgy.
[ Parent | on HN ]
Re:Fake Tesla, Apple stocks have started trading on blockchains by cmckn on Tuesday July 06, 2021 @10:22PM (#27756695)
They mint and burn tokens as necessary to make the price resemble the actual stock. When minting new tokens, you have to provide collateral in the form of stablecoins. Yes, it is as bonkers as it sounds.
[ Parent | on HN ]
Re:Fake Tesla, Apple stocks have started trading on blockchains by kristjansson on Wednesday July 07, 2021 @12:01AM (#27757209)
Just when I think the crypto people can’t surprise me any more, here they go again.
[ Parent | on HN ]