No, the tokenised stock price will match the underlying price most of the time. However, under extreme scenarios, the token price may slightly deviate from the underlying due to several reasons. These include:
Price Source: The prices of underlying equities are provided by decentralised or third-party oracles. These may have latency, minor discrepancies, or operational delays, which can lead to variations in token pricing.
Trading Hours: Tokenised stocks are tradable 24/7, even when the stock markets are closed. This can lead to price movements that don’t align with the underlying asset during off-market hours.
Issuer Adjustments: Factors like rebasing, inventory balancing by the issuer, and corporate actions (e.g., dividends or stock splits) can impact the number of shares backing each token, affecting the token’s NAV (Net Asset Value).