Step one, always: confirm it's the official issuer
Before anything else, verify the token you're looking at was actually created by the real, official tokenized-stock issuer, not just named after one. This single check matters more than any price or chart detail. Full mechanics in the official vs. fake guide, short version: check the rwa field on a scan, it should read official, not impostor or blank.
Understanding NAV vs. pool price
A tokenized stock's real, fair value (its NAV) comes from a live price oracle tracking the actual underlying stock. The price you'd actually pay comes from the on-chain trading pool, which can drift away from NAV if the pool is thin or a large order moves it. ScanHood shows both, and the gap between them, on official stock pages:
| Situation | What it means |
|---|---|
| Pool price ≈ NAV | Deep, efficiently-priced pool, normal buying conditions |
| Pool price above NAV ("rich") | You'd pay a premium over fair value, could be real demand or a thin pool |
| Pool price below NAV ("cheap") | You'd pay less than fair value, worth checking why before assuming it's free money |
Neither "rich" nor "cheap" is automatically good or bad, it's a signal to look closer, especially on a pool with low liquidity where one large trade can move price a long way from NAV.
How to actually buy
A separate way to earn on tokenized stocks: covered-call vaults
Beyond direct buying, ScanHood also runs weekly covered-call vaults on select tokenized stocks (currently AAPL and TSLA): deposit the real stock, receive ERC-4626 vault shares, and each week the vault sells a call option against the pooled position for a premium, extra yield on top of whatever the stock itself does. It's fully collateralized with no leverage, and settles in USDG rather than physically delivering shares. This is a different, higher-complexity product than simply buying the stock, worth understanding the mechanism before depositing.
Frequently asked
Why would a tokenized stock's on-chain price differ from the real stock's price?
The oracle-fed NAV tracks the real stock closely, but the tradeable pool price is set by on-chain supply and demand, same as any DEX pool. A thin pool, a large single order, or a temporary imbalance can push pool price away from NAV until arbitrage (or time) closes the gap.
Is buying a tokenized stock the same legally as owning the real share?
No. A tokenized stock is a token whose value is designed to track a real stock's price, it is not a brokerage account holding and it does not carry the same legal ownership rights (voting, direct dividends in the traditional sense, SIPC-style protections) as a share held with a licensed broker. Treat it as its own distinct instrument that tracks an underlying price.
What happens to the covered-call vault if the stock price jumps way above the strike?
The vault sells just enough of the pooled position through ScanHood's own swap helper to cover the option payout in USDG, depositors keep the rest of their position. It's designed to never hand over the entire deposited position, only the amount needed to settle that week's specific call.
Can an impostor token still show up if I search by ticker instead of address?
Yes, potentially, tickers and names aren't unique or protected. Always confirm through the address-level issuer check (or by using ScanHood's own /stocks listing, which only shows verified official tokens) rather than trusting a search result by name alone.