iShares Bitcoin Trust (Ondo Tokenized) (IBITON)

Rank #502

iShares Bitcoin Trust (Ondo Tokenized), identified as IBITON, is the tokenized version of the iShares Bitcoin Trust ETF through Ondo Tokenized. For token holders, the goal is to obtain economic exposure similar to holding IBIT, with dividend reinvestment.

How IBITON works

In the tokenization model, IBITON holders receive an interest that seeks to reflect the economic dynamics of the ETF. In addition, any dividend associated with the arrangement is reinvested, aligning the tokenholder experience with the expected behavior of IBIT.

24/5 mint and redeem

Ondo tokenized stocks allows non-U.S. users, both retail and institutional, to mint and redeem tokenized U.S. securities. The process operates 24 hours a day, five days a week, with access to traditional exchange liquidity.

Purpose and positioning in RWA

IBITON is connected to the concept of Real World Assets (RWA) by bringing traditional financial assets into a tokenized format. Within the Ondo Tokenized Assets ecosystem, the proposal is to facilitate access through tokens while preserving the economic reference to the ETF.

Rules and limitations

Despite the proposal of continuous operation, the source text indicates that there are additional restrictions. For complete details on eligibility and conditions, it is recommended to consult ondo.finance/global-markets.