SoFi Technologies (Ondo Tokenized Stock) (SOFION)

Rank #974

SoFi Technologies (Ondo Tokenized Stock) is a tokenized version of SoFi Technologies, represented by the SOFION token. The proposal is to offer holders economic exposure similar to holding SOFI and reinvesting any dividends.

How SOFION works

SOFION was structured according to the tokenized stocks model, allowing the token’s value to be connected to the dynamics of a tokenized stock. In this way, those who hold tokens seek to track the exposure of the underlying asset, including the reinvestment of dividends.

Mint and redeem of tokenized stocks and ETFs

Ondo’s tokenized stocks seek to enable non-U.S. users, both retail and institutional, to mint and redeem tokenized U.S. stocks and ETFs. The process is presented as available 24 hours a day, five days a week.

In addition, there is reference to access to liquidity from traditional exchanges, although there are additional restrictions according to the applicable rules. For details, it is recommended to consult ondo.finance/global-markets.

Purpose in the context of RWA

In practice, SoFi Technologies (Ondo Tokenized Stock) fits into the universe of Real World Assets (RWA) and tokenized assets. The proposal is to connect crypto infrastructure to traditional instruments, with a focus on accessibility and continuous operability.