ServiceNow (Ondo Tokenized Stock) (NOWON)

Rank #2437

ServiceNow (Ondo Tokenized Stock) is a token called NOWON that represents a tokenized version linked to the economic dynamics of NOW. Whoever acquires NOWON obtains exposure to results similar to holding NOW, and there may be dividend reinvestment according to the model described by Ondo.

How NOWON works

NOWON was designed to give the holder economic exposure comparable to owning NOW. The proposal includes the reuse of dividends, maintaining the token as a form of participation based on the tokenized asset.

These are tokenized stocks in the context of Ondo, aimed at users seeking token-based access to traditional assets.

Use of tokenized stocks and ETFs

Ondo's tokenized stocks allow non-American users, both retail and institutional, to mint and redeem tokens that represent U.S. stocks and ETFs. This process takes place 24 hours a day, five days a week, with access to the typical liquidity of traditional exchanges.

The source text indicates that there are additional restrictions for this type of access, according to specific service rules.

Where NOWON fits into the ecosystem

NOWON is one of the applications within the universe of Tokenized Assets and Real World Assets (RWA), connecting tokenized representation to assets from the traditional financial world. In this context, the focus is to facilitate participation in instruments tied to the stock and ETF market.

For details on the conditions and access to the markets, the indicated reference is ondo.finance/global-markets.