Cisco Systems (Ondo Tokenized Stock) (CSCOON)

Rank #1884

Cisco Systems (Ondo Tokenized Stock) (CSCOON) is the tokenized version of Cisco Systems on the Ondo platform. For those who hold CSCOON, the proposal is to offer economic exposure similar to holding CSCO, with reinvestment of dividends associated with the asset.

How the CSCOON token works

CSCOON is part of a tokenized stock model, in which participants can gain exposure to the performance of U.S. stocks through tokens. The idea is that the token represents the economic interest, aligned with the logic of holding the underlying asset and reinvesting dividends.

Use and redemption of tokenized stocks

Ondo tokenized stocks allow non-U.S. resident users, both retail and institutional, to mint and redeem tokenized U.S. stocks and ETFs. This process is described as available 24 hours a day, five days a week.

The mechanism seeks to provide access to the liquidity of traditional exchanges, with the note that there are additional restrictions.

Where CSCOON fits in the RWA world

As Real World Assets (RWA), CSCOON connects traditional market assets to a tokenized format, aimed at the Ondo Tokenized Assets ecosystem. Thus, the token is related to the Tokenized Stock movement and to the use of crypto infrastructure to represent exposure to regulated markets.