SanDisk (Coinbase Tokenized Stock)
About SanDisk (Coinbase Tokenized Stock) SNDKc SanDisk (Coinbase Tokenized Stock)is an onchain certificate that provides economic exposure to holding SanDisk shares through tokenized securities issued by ADGM in the Abu Dhabi Global Market (Coinbase) on SPV onchain. Each token initially represents a beneficial interest in shares held in segregated custody accounts with regulated broker-dealers and custodians. 1: 1 The applicable share-to-token conversion ratio may change over time to reflect reinvested distributions, fees, taxes, corporate actions, and other adjustments. The token may be held and transferred through supported blockchain networks and may also be used in decentralized finance markets. Dividends and other distributions received on the underlying shares are generally reinvested after applicable taxes, fees, and expenses, with the resulting economic benefits reflected through adjustments to the share-to-token conversion ratio. What is SanDisk (Coinbase Tokenized Stock)？ SanDisk (Coinbase Tokenized Stock)is part of Coinbase's onchain capital markets infrastructure, designed to represent traditional financial instruments as regulated digital securities. The token is a certificate representing shares, rather than a direct investment in SanDisk. Each token represents a pro rata beneficial interest in a pool of underlying shares and related property held in trust by Coinbase on SPV. The underlying shares are held by segregated custodians, while Onchain Markets Limited operates the tokenized infrastructure as a central securities depository and maintains the authoritative legal ownership register. Authorized participants create tokens by delivering the corresponding underlying shares or subscription value. Eligible holders who meet applicable eligibility, identity verification, sanctions, and compliance requirements may redeem tokens for underlying shares or through other supported settlement methods.
Overview
About SanDisk (Coinbase Tokenized Stock) SNDKc SanDisk (Coinbase Tokenized Stock)is an onchain certificate that provides economic exposure to holding SanDisk shares through tokenized securities issued by ADGM in the Abu Dhabi Global Market (Coinbase) on SPV onchain. Each token initially represents a beneficial interest in shares held in segregated custody accounts with regulated broker-dealers and custodians. 1: 1 The applicable share-to-token conversion ratio may change over time to reflect reinvested distributions, fees, taxes, corporate actions, and other adjustments. The token may be held and transferred through supported blockchain networks and may also be used in decentralized finance markets. Dividends and other distributions received on the underlying shares are generally reinvested after applicable taxes, fees, and expenses, with the resulting economic benefits reflected through adjustments to the share-to-token conversion ratio. What is SanDisk (Coinbase Tokenized Stock)？ SanDisk (Coinbase Tokenized Stock)is part of Coinbase's onchain capital markets infrastructure, designed to represent traditional financial instruments as regulated digital securities. The token is a certificate representing shares, rather than a direct investment in SanDisk. Each token represents a pro rata beneficial interest in a pool of underlying shares and related property held in trust by Coinbase on SPV. The underlying shares are held by segregated custodians, while Onchain Markets Limited operates the tokenized infrastructure as a central securities depository and maintains the authoritative legal ownership register. Authorized participants create tokens by delivering the corresponding underlying shares or subscription value. Eligible holders who meet applicable eligibility, identity verification, sanctions, and compliance requirements may redeem tokens for underlying shares or through other supported settlement methods.