Snowflake (Ondo Tokenized Stock) (SNOWON)

Rank #2483

Snowflake (Ondo Tokenized Stock) (SNOWON) is a tokenized version of Snowflake developed by Ondo, designed to give holders economic exposure similar to holding SNOW. In practice, holders may benefit from a dynamic that includes dividend reinvestment, connecting the token to the performance of the underlying asset.

How Snowflake tokenization works

The purpose of SNOWON is to represent, in token format, the economic exposure linked to Snowflake, allowing those who hold the asset to access the corresponding financial behavior. This model seeks to maintain the participation logic by reinvesting associated dividends.

Use and access to tokenized stocks and ETFs

Ondo’s tokenized stocks are intended to allow non-U.S. users, both retail and institutional, to mint and redeem tokenized U.S. stocks and ETFs. The process operates 24 hours a day, five days a week, with access to the typical liquidity of trading on traditional exchanges, subject to additional restrictions.

Where SNOWON fits in the RWA ecosystem

As part of the Real World Assets (RWA) and Tokenized Assets segment, Snowflake (Ondo Tokenized Stock) (SNOWON) illustrates how traditional world assets can be accessed via crypto. This positions it in the Tokenized Stock context, bringing investors closer to a form of exposure to tokenized assets.

Learn more and check restrictions

For details on global markets and the conditions applicable to access, it is recommended to consult the information published at ondo.finance/global-markets. Additional restrictions may apply, and confirming these rules is part of understanding the product.