Underlyings · ZM · US98980L1017

Every tokenized Zoom, compared

2 tokens track Zoom, from 2 issuers. Same price driver, different products: issuer, legal wrapper, holder rights, chain and custody differ — compare them below. Plus 1 perpetual on Hyperliquid — exposure without ownership.

Who may buy is set by the issuer — check their terms.

ZMx · Backed / Kraken (xStocks)
Zoom Communications xStock
Target / Area
Retail (EU)
KYC gates
mint required · buy unknown
Custody
self
Chain
Solana / Ethereum (+8)
Token ISIN
CH1580495088
identity only · no figures stated
ZM · Robinhood Chain
Zoom • Robinhood Token
KYC gates
mint unknown · buy unknown
Custody
—
Chain
Robinhood
Token ISIN
none published
identity only · no figures stated

Machine-readable: these instruments as JSON · every underlying · llms.txt

Zoom as a perpetual

Not ownership: no dividend, no vote, no claim on the share. Funding is paid or received every hour; positive means longs pay shorts. Leveraged positions are liquidated when margin runs out. Settled in stablecoins on Hyperliquid; each market is run by its own deployer (HIP-3).

xyz:ZM · XYZ on Hyperliquid
ZM references 1 share of Zoom Communications, Inc. Class A common stock (Nasdaq: ZM), quoted in USD.
perp · no ownership
Fee taker / maker
0.009 % / 0.003 %
Funding, 7-day avg
0.92 % p.a.
Funding, latest hour
22.64 % p.a.
Max leverage
10×, isolated only
Collateral
USDC
24h volume
$4K
Open interest
$403K

Fees at the entry tier, before volume and referral discounts; the front end you trade through may add its own fee. Funding annualised from hourly rates, positive = longs pay shorts. Read from the Hyperliquid API, 2026-10-04 05:17 UTC. TokenBank takes no fee and has no referral on these markets.

What this comparison shows

Each row is one issuer’s product on Zoom: its wrapper, custody, chain, KYC gates and — where the issuer names them — the investor class and market it is aimed at (“Target / Area”). These are descriptions taken from the issuer’s documents, not a statement about whether you may buy it.

Who may buy is set by the issuer — check their terms. TokenBank does not check eligibility, does not rank or hide anything by it, and takes no fee for these listings.

Tokenized securities carry issuer, custody and smart-contract risk on top of market risk, are not deposit insured, and often give you no shareholder rights in the underlying company — each token page says which. Not investment advice.

Zoom, answered.

Which tokenized Zoom should I pick?

+

ZMx (Backed / Kraken (xStocks)) — aimed at Retail (EU). ZM (Robinhood Chain). They differ in issuer, legal wrapper, holder rights, chain and cost. Who may buy each one is set by its issuer — check their terms before acting.

Why are there 2 different tokens for one security?

+

Because tokenizing a share is not one act. Each issuer builds its own wrapper — its own legal entity, jurisdiction, custody arrangement and distribution route — around the same underlying. The tokens are not competing versions of one product; they are different products giving exposure to the same thing.

Are these interchangeable?

+

No. They share a price driver and almost nothing else. Different issuer means different counterparty risk, different regulator, different redemption route and different terms. Two tokens can move identically all year and still leave you with entirely different rights if the issuer fails.

Does a token ISIN matter here?

+

It tells you something real. An ISIN attaches to a security issued under a regime that requires one, so its presence signals a securities wrapper with a prospectus behind it. Its absence is not a defect; it describes a different legal structure. Both appear in the table below.

Is a Zoom perp the same as a tokenized Zoom?

+

No. A tokenized share is a claim on an issuer that holds (or tracks) the share. A perpetual is a contract between traders: it follows the price through funding, pays no dividend, gives no vote, and a leveraged position is closed when the margin runs out.

What does a Zoom perp cost to hold?

+

Two things. A trading fee — xyz:ZM 0.009 % taker at the entry tier, before any fee the front end adds. And funding, settled every hour: over the last 7 days xyz:ZM averaged 0.92 % a year. Positive funding means longs pay shorts; it changes every hour.