iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON)

Rank #1807

iShares Russell 2000 ETF (Ondo Tokenized ETF), also identified as IWMON, is a tokenized version of the iShares Russell 2000 ETF. For those who receive the tokens, the proposal is to offer economic exposure similar to holding IWM and reinvesting any dividends. This model seeks to make access to tokenized stocks and ETFs more direct for participants outside the U.S.

How iShares Russell 2000 ETF (Ondo Tokenized ETF) works

IWMON represents the ETF’s “Ondo Tokenized” version, allowing token holders to have economic exposure linked to the underlying asset. The dividend reinvestment logic is aligned with the behavior described for the original ETF.

In addition, users not connected to the U.S., both retail and institutional, can rely on the issuance and redemption process for tokenized U.S. stocks and ETFs, subject to additional rules.

Use and purpose in the tokenized ecosystem

The purpose of the iShares Russell 2000 ETF (Ondo Tokenized ETF) is to enable continuous access to financial instruments through tokenization. In practice, the proposal is to operate 24 hours a day, five days a week, with liquidity associated with the traditional trading environment.

This product is connected to the Real World Assets (RWA) sector and falls under Tokenized Exchange-Traded Funds (ETFs) and Tokenized Exchange-Traded Product (ETPs).

Technology, liquidity, and operation

Ondo’s tokenized assets are described as instruments that can be instantly minted and redeemed by eligible users. Access to liquidity from traditional exchanges is part of the service design.

There are additional applicable restrictions, as indicated in the project reference at ondo.finance/global-markets.