How are Tokenized Stocks different from US Stocks on Pluang?
Tokenized Stocks and US Stocks on Pluang both follow US share prices and are paid in US dollars, but a tokenized stock is a crypto asset, not a share. 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). US Stocks are facilitated by PT PG Berjangka. With a tokenized stock, you have no voting rights, SIPC cover doesn't apply, and you pay the standard crypto fees instead of the US Stocks fees. What stays the same is the price, which follows the company's share on the US market, the order types, minimums and trading hours, the use of your USD Cash, and where you find it: the US Stocks section of Explore and of your portfolio. Tokenized stocks let Pluang offer some companies that it can't currently offer through US Stocks, such as Anthropic. Each tokenized stock has a ticker ending in “x”, and the name under the ticker says it is a tokenized stock, so you always know which product you are buying.
Tokenized Stocks and US Stocks side by side
| Tokenized Stocks | US Stocks | |
|---|---|---|
| Type of product | Crypto asset | US Stocks product |
| Facilitated by | PT Bumi Santosa Cemerlang, supervised by OJK | PT PG Berjangka, supervised by OJK |
| Ticker | Ends in “x”, such as ANTx | The company's share ticker |
| Price | Follows the company's US share price | Follows the company's US share price |
| Paid with | USD Cash | USD Cash |
| Order types, minimums and trading hours | Same as US Stocks | US Stocks rules |
| Where you find it | US Stocks in Explore and in your portfolio | US Stocks in Explore and in your portfolio |
| Voting rights | None | — |
| Dividends | Paid as additional tokens, if the company pays them | Paid in US dollars |
| SIPC cover | No | Yes, through the US custodian |
| Fees | Standard crypto fees and tax | US Stocks fees |
Because the price is the same, a tokenized stock moves with the company's share. The differences are in what you hold, which company facilitates it and what each trade costs.
Related questions
Q: Why are some companies offered as tokenized stocks instead of US stocks?
Not every US company can currently be offered through US Stocks on Pluang. For those companies, a tokenized stock lets you follow the company's share price in the app. Anthropic is an example: it is available on Pluang as ANTx, not as a US stock. Each tokenized stock has a ticker ending in “x”, and the name under the ticker says it is a tokenized stock, so you can tell which product you are looking at before you buy.
Q: Is a tokenized stock cheaper or more expensive than a US stock?
Tokenized stocks are charged the standard fees for crypto assets on Pluang, not the US Stocks fees. Each buy and sell includes these fees and any tax that applies, and the confirmation screen shows every amount before you confirm. Because the price of a tokenized stock follows the company's share price, any difference in total cost comes from the fees and tax, not from the price itself.
Q: Can I switch my tokenized stock to the real share?
No. A tokenized stock can't be exchanged for the company's share, on Pluang or anywhere else. To close your position, sell the tokenized stock during trading hours; the proceeds, after fees and tax, go to your USD Cash. You can then use that USD for other products on Pluang, including US Stocks, but each purchase is a separate transaction with its own fees.
Q: Do tokenized stocks and US stocks show together in my portfolio?
Yes. Tokenized stocks appear in the US Stocks part of your portfolio, next to your US stocks, valued in US dollars at the company's latest share price. You can tell them apart by the ticker ending in “x”. In the overall view of your portfolio, both are converted to rupiah using the exchange rate shown in the app, and both count toward your total portfolio value.
Last updated: 6 November 2026