Own only the part
of a stock you want.
Hanko splits a tokenized share into three tokens you can hold on their own: Shield for safety, Core for plain exposure, Edge for upside. Keep the part that fits your view, sell the rest, recombine anytime.
Who it's for
One share bundles three appetites. Hanko lets each buy their part.
A stock price mixes safety, exposure and upside into one number. Some people want only one of those. Refract the share and each holds the part they came for.
Wants equity-backed yield without the swings. Shield keeps its value unless the stock falls below the floor, so it behaves like the safe, bond-like part of the share.
Wants plain exposure for less. Core is the middle band of the stock's moves, a cheaper entry than buying the whole share outright.
Is bullish and wants leverage that can never be liquidated. Edge is pure upside above the cap. The worst case is only what they paid for it.
How it works
Lock a share. Hold its parts. Recombine anytime.
Lock one tokenized share in the Hanko vault. It stays there, whole, as collateral.
Receive Shield, Core and Edge. Hold, or sell only the parts you do not want.
Return all three for a whole share, then redeem it for the real stock.
The three parts
One share, three risk profiles.
Holds its value unless the stock falls below the floor. For income and safety.
Plain exposure through the middle band. Straightforward upside and downside.
Leveraged upside above the cap, and it can never be liquidated. For conviction.
Why Hanko
Backed, not leveraged.
Every token is backed one to one by a real share in the vault. No leverage created.
Hold any part with no margin and no liquidation risk. Worst case is what you paid.
Put the three parts back together and get your whole share back, whenever you want.
In production the underlying is minted and redeemed one to one via Backpack Securities.
Own only the part you want.
Lock a share, hold Shield, Core and Edge, and trade only the part that fits your view.