Yes. Although tokenised stocks are designed to mirror the price of real-world stocks, there are certain scenarios where temporary price deviations (depegging) may occur.
Low liquidity: If there is insufficient trading volume or liquidity for a specific xStock, the price may temporarily diverge from its real-world counterpart.
Market disruptions or stock trading suspensions: If the underlying stock is halted or suspended on traditional exchanges, tokenised stocks may still be traded, which can lead to price discrepancies due to the lack of a reliable reference price.
Custody or collateralisation failure: If the token is asset-backed but the custodian or collateralisation support mechanism fails to properly maintain the required backing (e.g., due to technical, operational, or legal issues), the peg may be lost.
Extreme market conditions: Black swan events, major geopolitical shocks, or market crashes may cause rapid price movements that challenge the peg’s stability.
Changes in product structure or pricing model: The issuer may adjust how tokenised stocks are priced or managed (e.g., temporary suspension, switching from full to partial asset backing), which could affect price tracking accuracy.