Tokenized Signal Desk FAQ
Twenty answers about Tokenized Signal Desk and the data behind it: what a check shows, where each price comes from, how often it updates and what the flags mean. The second half takes the questions people ask most about tokenized stocks, each with a link to the full guide. Robinhood Stock Tokens aren't available to U.S. persons. Not directed at UK persons.
About the site
What is Tokenized Signal Desk?
Tokenized Signal Desk is a research site for checking a tokenized stock before you trade it. For any token it shows whether the address is on the issuer's published list, how far the price sits from the real share in basis points, the latest weekend print, pool depth where a venue reports it, and a warning when the token copies a listed one. It covers Robinhood Stock Tokens, Ondo Stocks and xStocks. The method is on /methodology.
Is Tokenized Signal Desk free?
Yes. Every page, every check and the /api/check endpoint are free to use. You don't need an account, an API key or a wallet. The API has one limit: about 60 calls an hour per IP address, which keeps the shared price sources available for everyone. Prices and checks are information only, and we don't tell anyone to trade. The terms cover the rest.
Do you hold funds or execute trades?
No. We don't execute trades, route orders or hold anyone's funds, and the site never asks you to connect a wallet. We publish prices and issuer checks for information. If you trade a token, you do it on a venue you pick, under that venue's terms and the issuer's. We have no part in that trade. Our terms say the same thing in more detail.
Are you affiliated with any issuer?
No. Tokenized Signal Desk has no partnership or affiliation with Robinhood, Ondo Global Markets, Backed (xStocks) or any other issuer, and, as of 6 Nov 2026, no issuer, exchange or venue pays us. We read each issuer's published token list the way any visitor could, and we price every issuer's tokens with one method. A match on an issuer's list says who issued a token. It isn't an endorsement from us or from the issuer. We may hold tokens we cover; the conflicts disclosure explains how that's handled.
Who builds Tokenized Signal Desk?
Built by DLX3 (@DLX3studio), designer and creator of Tokenized Signal Desk. The guides in /learn carry the same byline and a last-reviewed date. For questions about the site, corrections or press, email hello@gettokenized.xyz or reach @GetTokenized on X. The contact page lists what to include in each kind of message.
Data and method
Where does the data come from?
Token addresses come from each issuer's own published list. Pool prices and liquidity come from DexScreener, price charts from GeckoTerminal, xStocks order-book prices from Kraken, and share prices from Alpaca or Yahoo Finance. Other references come from Chainlink rounds, which we read from public blockchain nodes, from Robinhood's issuer book or from the last close, and each reading names the one it used. Depth on Solana comes from Jupiter quotes. The full source list is on /methodology.
How often are prices updated?
An open token page re-fetches its prices every 60 seconds. Exchange quotes are cached for about 45 seconds in regular US hours and on-chain prices for about 60. The check API caches each token's inputs for 60 seconds. The /premium, /compare and issuer pages read a stored series with one reading per token per hour, cached for 5 minutes. Every figure shows its read time, so you always see its age.
How is the premium calculated?
Premium is the token's per-share price divided by the reference share price, minus one, quoted in basis points, where 100 bps is 1%. We divide the on-chain price by the issuer's multiplier first. In regular US hours the reference is the exchange quote while it is no more than 15 minutes old, unless a fresh Chainlink round is newer, and then we use that round. At other times, or when the exchange quote is stale, it is a Chainlink round no more than two hours old, else the issuer book, else the dated last close. Premium and discount walks through the formula.
What does "Thin pool, price not reliable" mean?
The token's pool held less than $10,000, so a handful of trades can set its price and the premium tells you little. We keep the token visible on /premium, greyed and sorted after the other rows, and leave it out of rankings and medians. A "Price not reliable" tag names its reason: a premium beyond 200%, a gap over 50% on a pool under $50,000, or a stale reference price.
What does "no reading" mean?
We couldn't compute a premium for that token at that time, usually because it has no live pool we can price or no reference share price. The check API reports the same state as unavailable and gives the reason. A missing reading says nothing about the token itself. If a token you follow shows no reading for days, send its address and chain to hello@gettokenized.xyz. Details are on /methodology.
Is there an API, and what's the limit?
Yes. GET /api/check?q= takes a contract address or a ticker and returns JSON: the issuer-list match, the premium with its quality flag, the reference source and age, 1% depth where a venue reports it, and the latest weekend print. Add issuer=robinhood, ondo or xstocks when a ticker has several issuers. It's free and keyless at about 60 calls an hour per IP; past that you get HTTP 429 with a Retry-After header.
How do I report a wrong price or a missing token?
Email hello@gettokenized.xyz with the token address, the chain, the page or API call where you saw the figure, the number you saw and the time in UTC. For a missing token, add a link to the issuer's own list that shows the address. We check reports against the issuer list and the price source before we change anything. The contact page has the full checklist.
Checking a token
How do I check if a tokenized stock contract address is real?
Match the contract address and chain against the issuer's own published list. The ticker, logo and price prove nothing, because anyone can deploy a token called AAPL. Paste the address into our checker and it tells you which list it's on, with the list's source and the time we last read it. How to check a token walks through each step, including how to confirm the address on a block explorer.
Are there fake tokenized stocks?
Yes. Lookalike tokens copy a real stock token's ticker, name or logo, but their address sits on no issuer's list. Some are paired with the real token in a pool so they look official. Robinhood Chain is permissionless, so anyone can deploy a token named TSLA. Our check marks these as lookalikes and names the listed token they copy. The lookalikes guide lists the warning signs.
Does a match on the issuer list mean a token is safe?
No. A match tells you who issued the token. It says nothing about the price you'd pay, the pool's liquidity, the issuer's own risks or whether you're allowed to hold it. A listed token can still trade well above or below the share, so look at its premium and its history too. How to check a token covers what a match does and doesn't tell you.
Prices, issuers and access
Why is the tokenized stock price different from the real stock price?
A tokenized stock trades in its own market, so its price drifts from the share it tracks. Pool depth, market hours, arbitrage speed and fees decide how wide the gap gets and how long it lasts. Gaps can be wide around a launch: AAPLX traded about 12% above Apple shares on 3 Jul 2025, days after the xStocks launch. The causes, with the formula, are in premium and discount.
Which issuer's version of the same stock is cheapest right now?
It changes through the day, so we show it live. Each stock page lists every issuer's token for one ticker with its premium, source and read time, and /compare puts every ticker in one grid. The lowest premium isn't a recommendation. The tokens differ in structure, eligibility and liquidity, and the cheapest one can still be a token you can't hold. Compare explains how to read the grid.
Can you trade tokenized stocks on weekends?
It depends on the venue and the token. On-chain pools on Robinhood Chain run around the clock, while Kraken describes xStocks trading as 24/5, Monday to Friday. With the share market shut, weekend prices drift on thin liquidity and move toward the share at Monday's open. We sample every 15 minutes from Friday 8 PM to Monday 9:30 AM New York time. Why that gap opens is covered in weekend gaps.
What is the difference between Robinhood Stock Tokens, Ondo Stocks and xStocks?
The issuer, the legal wrapper and the access rules. Robinhood Assets (Jersey) Limited issues Robinhood Stock Tokens as tokenized debt securities. Ondo Global Markets issues Ondo Stocks, which use a multiplier that rises as dividends are reinvested. Backed Assets (JE) Limited issues xStocks, which reinvest dividends by adding tokens to your balance. Two AAPL tokens can carry different rights. Issuers compared has the side-by-side table, with sources.
Can US residents buy tokenized stocks?
It depends on the issuer, and we cover three. Robinhood Stock Tokens aren't available to U.S. persons. Ondo Global Markets and xStocks also exclude U.S. persons under their own terms. Some other issuers offer tokenized stocks to eligible U.S. investors under their own rules, and we don't cover them. Anyone can read our prices and checks; whether you can hold a token is up to its issuer. Eligibility covers the rules per issuer, with sources.