iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON)

Rank #1196

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF), identified as IWFON, is a tokenized version of the iShares Russell 1000 Growth ETF. In practice, token holders seek economic exposure similar to holding the IWF ETF, with dividend reinvestment.

How IWFON works

The IWFON model brings the traditional ETF structure into a tokenized format. Thus, the user gains exposure to the underlying asset through tokens, aligning with the behavior of a holder of the original ETF, including dividend reinvestment.

There are additional rules and restrictions for mint and redeem, as well as conditions for access to the product.

Use: mint and redeem 24/5

Ondo tokenized stocks allow non-US participants, including both institutional and retail users, to mint and redeem U.S. stocks and ETFs in tokenized form. The process operates 24 hours a day, five days a week, seeking to provide continuous access to the tokenized ecosystem.

Market liquidity and access

IWFON was designed to provide access to traditional exchange liquidity, while maintaining the trading logic associated with tokenized ETFs. For this to work, the product relies on access to the trading dynamics of the traditional market, with applicable limitations.