Do I own the company's shares when I buy a tokenized stock?
No. When you buy a tokenized stock on Pluang, you own a crypto asset that follows the company's share price, not a share of the company. Tokenized Stocks on Pluang are facilitated by PT Bumi Santosa Cemerlang, a Digital Financial Asset Trader licensed and supervised by Indonesia's Financial Services Authority (OJK). Because you don't hold the share, you have no voting rights and you can't take part in shareholder meetings, although dividends, if the company pays any, are still paid to you as additional tokens. A tokenized stock also isn't covered by SIPC, the US scheme that protects customers of US brokerage firms. A tokenized stock is designed to follow the company's share price, so it gives you the share's price movements, not the rights of a shareholder. You also can't swap it for the share itself.
What you get with a tokenized stock
- Price movements that follow the company's share, in US dollars
- Dividends, if the company pays any, paid as additional tokens
- The option to sell during US Stocks trading hours, with proceeds paid to your USD Cash
What you don't get
- Voting rights or a say at shareholder meetings
- A share registered in your name, or the option to swap the token for one
- SIPC cover
The first time you open a tokenized stock, the app explains these points before you trade. Read it before your first purchase.
Related questions
Q: What does the “x” at the end of the ticker mean?
The “x” marks a tokenized stock. ANTx, for example, is the tokenized stock that follows Anthropic's shares. The name shown under the ticker also says it is a tokenized stock, such as Anthropic Tokenized Stock, so you can tell a token from a share. In some records, such as transaction details or reports, the ticker may be written in a slightly different form, but it refers to the same tokenized stock.
Q: Is a tokenized stock linked to the real share?
Its price is. A tokenized stock on Pluang is designed to follow the price of the company's shares on the US market, so its value rises and falls with the share. That link doesn't make you a shareholder: no shares are registered in your name, and you hold a crypto asset, not a right to vote or to receive the share itself. You can't swap it for the share either.
Q: Can I take part in a company's IPO through a tokenized stock?
No. A tokenized stock follows the company's share price once its shares trade on the US market. It doesn't give you an allocation in the company's initial public offering (IPO) or in any other share offering. You buy and sell a tokenized stock at the price shown in the app during trading hours, and that price can differ a lot from the IPO price.
Q: Why isn't a tokenized stock covered by SIPC?
SIPC protects customers of US brokerage firms whose accounts hold securities. A tokenized stock is a crypto asset facilitated by PT Bumi Santosa Cemerlang in Indonesia, not a security held in your name at a US broker, so SIPC doesn't apply. It also isn't a bank deposit, so it isn't covered by Indonesia's deposit insurance agency (LPS). Read about the risks of Tokenized Stocks before you buy.
Last updated: 6 November 2026