Coinbase (Ondo Tokenized Stock) (COINON)

Rank #1333

Coinbase (Ondo Tokenized Stock) with the ticker COINON is a tokenized version of Coinbase created by Ondo, designed to give holders economic exposure similar to holding COIN and reinvesting dividends. In practice, the goal is to offer continuous access to the performance of tokenized assets through continuous issuance and redemption.

How exposure via token works

COINON seeks to replicate dynamics similar to those of someone who owns COIN and reinvests associated dividends. Thus, the investor who holds tokens begins to track the economic exposure linked to the related tokenized asset.

Mint and redeem of tokenized stocks and ETFs

Ondo Tokenized Stocks allows non-U.S. users, as well as institutional participants, to mint and redeem tokenized U.S. stocks and tokenized ETFs. The process takes place 24 hours a day, five days a week, with access to liquidity from traditional exchanges, subject to additional restrictions.

Purpose in the context of Real World Assets (RWA)

By connecting tokens to traditional U.S. assets, Coinbase (Ondo Tokenized Stock) positions itself in the universe of Real World Assets (RWA). As a result, tokenization technology seeks to facilitate global access to this type of exposure through the token format.

Where to follow the rules and global access

For details on eligibility and applicable restrictions, it is recommended to consult Ondo's page at ondo.finance/global-markets. This helps to understand how the mint and redeem structure relates to the functioning of COINON for different user profiles.