TOONx: the first ticker is minted

TOONx: the first ticker is minted

The first ticker on the floor is TOONx. The underlying is Kartoon Studios, listed on NYSE American. A regulated SPV bought the real listed shares through Interactive Brokers and parked them fully-paid at the custodian.

Only after the custodian attested those settled shares on-chain did the mint controller issue a single token. One token is one share. Not one dollar. If the share doubles, the token doubles. Balances never rebase.

The launchpad never touches a share. It quotes against TOONx. Every mint is checked against the backing invariant — token supply times the multiplier must stay at or below the attested shares in custody. A mint past attestation reverts.

TOONx contract: 0x5a6c05faF7fFfdd40A2B16a2f300Df3CB3E9AeDf. First ticker minted, more to follow on /stocks/. NO US PERSONS · UNAUDITED.