The mechanism is usually that you can exchange tokenized stocks for real stocks for some fee. That causes prices to be similar.
Another similar instrument is perpetuals, which are kept close to the price of the underlying by having people who hold long positions pay people who pay short positions, or vice versa, when the price deviates. (This is called funding.)
Another similar instrument is perpetuals, which are kept close to the price of the underlying by having people who hold long positions pay people who pay short positions, or vice versa, when the price deviates. (This is called funding.)