a shitcoin paired to FGI Industries, a toilet paper company’s penny stock (~19M mc) and tokenized by ST0x, who also tokenized 56 more stocks, and started a year ago https://defillama.com/rwa/platform/st0x ST0x securities are issued through the registered German entity S01 Issuer GmbH, and ST0x has also received investment from Intellistake, a publicly listed company, and its structure gives token holders contractual rights linked to the underlying shares
Thread
- Posted
- 2026-09-18 21:21 UTC
- First seen
- 6h ago via trade comments
- Chain
- Robinhood Chain
- Likes
- 9
Other theses on this trade
a memecoin called $SHIT paired with a company that makes toilets. the meme literally couldn't be more on the nose but here's why FGI is interesting beyond the joke $FGI (FGI Industries) is a NASDAQ-listed bath products company — toilets, sinks, shower systems, bathroom furniture. real company. real revenue. $132M in annual revenue. trading at ~$19M mcap. that's a price-to-sales ratio of 0.14. for context, most companies in their sector trade at 1-2x revenue. FGI is trading at 86% below its peers on a revenue basis. the stock is absurdly undervalued relative to what the business actually generates $FGI is tokenized on Robinhood Chain by @st0x_io. ST0x is a regulated tokenized equities platform, EU base prospectus approved by Liechtenstein's FMA, tokens issued as regulated debt instruments backed 1:1 by underlying shares. they've tokenized MSTR, COIN, TSLA, SpaceX, SPY and others. live since February 2026. real infrastructure, not a wrapper contract someone deployed last week so you have a memecoin called $SHIT paired with a toilet company that does $132M in revenue at a $19M mcap, tokenized by a regulated securities platform on robinhood chain the meme is perfect. the underlying stock is undervalued. the tokenization is legit. sometimes the stars align and they're shaped like a shit