Amazon stock price, live, through the tokenised share

Signals, right now

What a backed token is, and what it is not

An issuer buys the share, holds it with a custodian, and issues a token against it. Holding the token is a claim on the issuer, not ownership of the share: you have no vote, and whether you receive the economics of a dividend depends on the issuer's terms rather than on company law. The reason to look at it is that it prices continuously. The reason to be careful is that you have swapped equity ownership for counterparty exposure.

Retail and cloud are two businesses with one price

Most of Amazon's revenue is retail and most of its operating profit is AWS, so the share reacts to two largely unrelated news cycles. A retail margin story and a cloud growth story can arrive in the same week and pull in opposite directions. When the seven-day chart shows a large move with no obvious single cause, the two halves disagreeing is the usual explanation.

The weekend price is real, and it is thin

Because the token trades when the exchange does not, it absorbs Saturday and Sunday news with far fewer participants and no reference market. Those prints are genuine trades and they are formed by a handful of people. Watch the tokenised float figure above: it is the total value of tokens in issue, and when that number is small relative to a trade, a single order moves the quote.

The part we cannot verify

We read the token's price, its traded volume and the value of tokens in issue. We do not audit the custody behind it, and we cannot confirm from here that every token is currently backed. The price was checked against the exchange's last close when this page was built and agreed to within a fraction of a percent. For the official price, use Nasdaq or a broker.