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The Solana ecosystem has introduced a rather interesting new play. There is a protocol called GROO that aims to move over $50 billion of US OTC stocks on-chain, pegging them 1:1 to real shares in the form of SMT. The $GROO project itself has undergone a 200:1 stock consolidation and restructuring, and its market capitalization is currently around 3M. The concept of stock tokenization is seen for the first time on SOL, whether it can be successful still needs to be observed, but the idea is indeed fresh.

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DaoGovernanceOfficervip
· 11-09 00:22
*sigh* empirically speaking, tokenized equity models have a 94% failure rate
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BearMarketNoodlervip
· 11-08 10:35
Classic Be Played for Suckers new trick
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ZkSnarkervip
· 11-08 01:52
well technically it's just tokenized paper shares... but kinda based if it works ngl
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DegenMcsleeplessvip
· 11-07 05:00
That's a bit outrageous. Let's see who rugs first.
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VibesOverChartsvip
· 11-06 06:20
Hmm, worth a shot.
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0xSleepDeprivedvip
· 11-06 06:20
Anything is fine as long as it can make money.
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ChainBrainvip
· 11-06 06:17
This is fun—let's see how much it can go up!
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DecentralizedEldervip
· 11-06 06:00
Entering a position is like getting free money. Retail investors are suckers.
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SignatureVerifiervip
· 11-06 05:57
hmm... trust issues with regulatory compliance here
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rugpull_ptsdvip
· 11-06 05:51
Another concept coin that is about to crash?
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