American Express (Ondo Tokenized Stock) (AXPON)

Rank #2927

American Express (Ondo Tokenized Stock) is Ondo’s AXPON token, a tokenized version associated with the economic exposure of holding AXP and reinvesting dividends. Instead of buying the stock directly, the token holder can obtain an exposure profile similar to the underlying investment through real-world asset tokenization.

How the tokenization of American Express (Ondo Tokenized Stock) works

AXPON is described as the tokenization of American Express created by Ondo. This means the structure seeks to reflect the corresponding economic exposure and take dividend reinvestment into account for token holders.

What AXPON is used for in the crypto ecosystem

Ondo’s tokenized stocks were designed to allow participants outside the US, including non-US users as well as institutional users, to access US stocks and ETFs through tokens. The proposal is to enable access with compatibility with the liquidity infrastructure of traditional exchanges.

Use and operations: mint and redeem

With tokenized stocks, it is possible to mint and redeem tokenized US stocks and ETFs continuously, 24 hours a day, five days a week. Even so, there are additional restrictions applicable to use and operations, according to the information at ondo.finance/global-markets.

Ondo Tokenized Assets and integration into the world of tokenized assets

Within Real World Assets (RWA), AXPON fits as an example of Ondo Tokenized Assets. This approach connects traditional markets to the tokenized format, operating with exchange-associated liquidity, according to the model described by Ondo.