Baidu (Ondo Tokenized Stock) (BIDUON)

Rank #2553

Baidu (Ondo Tokenized Stock) (BIDUON) is a tokenized version of Baidu on the Ondo network, designed to give holders economic exposure similar to holding BIDU and reinvesting dividends. The goal is to offer access to traditional assets through tokens, connecting investors to the performance of tokenized stocks.

How Baidu (Ondo Tokenized Stock) works

By holding BIDUON, the participant begins to track the economic exposure associated with the underlying asset, with the possibility of reinvesting dividends according to the token's structure. These tokens seek to reflect the behavior equivalent to holding BIDU, within the rules of the Ondo ecosystem.

What BIDUON is used for in practice

Ondo tokenized stocks allow non-U.S. users, both retail and institutional, to mint and redeem tokenized U.S. stocks and ETFs. The operation is described as continuous, with availability 24 hours a day, five days a week, and with access to the liquidity typical of traditional exchanges.

There are additional restrictions, as indicated by the project's own reference at ondo.finance/global-markets.

Infrastructure and tokenization proposal

The Baidu (Ondo Tokenized Stock) proposal falls under Real World Assets (RWA) by transforming exposure to traditional assets into tokens. In this model, the purpose is to facilitate participation in the tokenized stock and ETF market, while maintaining a bridge to existing market liquidity.