Credo Technology Group Holding (Ondo Tokenized)

CRDOON Price

About Credo Technology Group Holding (Ondo Tokenized) (CRDOon)

CRDOon is the Ondo Tokenized version of Credo Technology Group Holding Ltd, providing onchain economic exposure to the underlying stock and reinvested dividends.

• Enables non-US retail and institutional users to mint and redeem tokenized US stocks and ETFs 24 hours a day, five days a week.
• Designed to track the total return of the underlying asset, mirroring both price movements and reinvested dividends.
• Utilizes a bankruptcy-remote legal structure with oversight from an independent security agent to ensure token holder protection.

What Is Credo Technology Group Holding (Ondo Tokenized)

Credo Technology Group Holding (Ondo Tokenized) is a digital asset that brings traditional public securities into the Real World Assets (RWA) ecosystem. It provides holders with economic exposure similar to holding the physical stock, without the need for a traditional brokerage account. Value moves through the system via the Ondo Global Markets platform, where users can mint tokens by providing capital which is then used by the issuer to purchase the underlying securities through traditional brokerage accounts.

The token is designed to be "put to work" within decentralized finance. Unlike traditional stocks, CRDOon is freely transferable across supported blockchains and can be used as collateral in lending protocols or as a margin asset in decentralized perpetuals platforms. This utility allows the asset to scale by inheriting the deep liquidity of traditional markets while benefiting from the transparency and efficiency of blockchain technology.

What Makes Credo Technology Group Holding (Ondo Tokenized) Unique

• 24/5 Instant Access: Unlike traditional markets that are restricted to specific trading hours, Ondo Global Markets allows for instant minting and redemption five days a week.
• Total Return Tracking: The token mirrors the performance of the underlying stock including reinvested dividends, net of applicable tax withholdings.
• DeFi Compatibility: It is built to be integrated into various DeFi applications, enabling users to leverage their stock holdings in onchain financial strategies.
• Bankruptcy Remoteness: The legal structure is designed to isolate the assets from the issuer, maximizing protection for token holders through battle-tested practices.

What Can You Use Credo Technology Group Holding (Ondo Tokenized) for?

• Portfolio Diversification: Users can gain exposure to traditional equity markets while maintaining their assets onchain.
• Onchain Collateral: The token can be used as backing for borrowing and lending protocols that support tokenized assets.
• Yield Strategies: Token holders may participate in liquidity provisioning or other yield-generating activities in the Ondo ecosystem or third-party protocols.
• Cross-Chain Portability: CRDOon is available on multiple networks including Ethereum, Solana, and BNB Chain, allowing for seamless movement across ecosystems.

How Does Credo Technology Group Holding (Ondo Tokenized) Work?

Credo Technology Group Holding (Ondo Tokenized) operates through a process called asset tokenization, where the ownership rights or economic claims of an asset are recorded on a blockchain. The tokens are issued by Ondo Global Markets (BVI) Limited and are secured by the corresponding stocks held with US-registered custodial broker-dealers. An independent verification agent reviews the backing daily to maintain transparency.

The token functions as an application utility token within the Ondo Global Markets platform. While transaction fees on the underlying blockchains are paid in native gas, the protocol may apply service fees for minting and redemption actions. The system is designed to align prices through arbitrage, as the ability to redeem for the underlying asset's cash value helps reduce slippage and price dislocations.

Team Info and Investors

Ondo Finance Inc., a US-based corporation, provides tokenization services to the issuer, Ondo Global Markets (BVI) Limited. The project has expanded its leadership by hiring industry veterans, including a former Invesco ETF chief, to build its onchain investment products. While specific venture capital investors for this individual token are not detailed in the available sources, the platform operates with a network of partners including major exchanges and security agents to manage the tokenization lifecycle.

Where can you buy Credo Technology Group Holding (Ondo Tokenized)?

CRDOON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Credo Technology Group Holding (Ondo Tokenized) is KCEX, where the most active trading pair CRDOON/USDT has a trading volume of $606,695.66 in the last 24 hours. Other popular options include Ondo Stocks and MEXC.

What is the daily trading volume of Credo Technology Group Holding (Ondo Tokenized) (CRDOON)?

The trading volume of Credo Technology Group Holding (Ondo Tokenized) (CRDOON) is $775,139.71 in the last 24 hours, representing a -8.40% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Credo Technology Group Holding (Ondo Tokenized) (CRDOON)?

Credo Technology Group Holding (Ondo Tokenized) (CRDOON) reached an all-time high of $307.92 and an all-time low of $149.33. It’s now trading -44.80% below that peak and 13.90% above its lowest price.

What is the market cap of Credo Technology Group Holding (Ondo Tokenized) (CRDOON)?

Market capitalization of Credo Technology Group Holding (Ondo Tokenized) (CRDOON) is $115,831 and is ranked #5531 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CRDOON tokens (680 tokens are tradable on the market today).

What is the fully diluted valuation of Credo Technology Group Holding (Ondo Tokenized) (CRDOON)?

The fully diluted valuation (FDV) of Credo Technology Group Holding (Ondo Tokenized) (CRDOON) is $115,831. This is a statistical representation of the maximum market cap, assuming total number of 680 ETH tokens are in circulation today.

How does the price performance of Credo Technology Group Holding (Ondo Tokenized) compare against its peers?

With a price decline of -21.90% in the last 7 days, Credo Technology Group Holding (Ondo Tokenized) (CRDOON) is underperforming the global cryptocurrency market which is down -1.80%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 42.80%.

How to add Credo Technology Group Holding (Ondo Tokenized) (CRDOON) to MetaMask?

Adding Credo Technology Group Holding (Ondo Tokenized) (CRDOON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CRDOON as a token. You can copy CRDOON’s contract address (0xb348a4bce7fae890d2d37ea104e59fb3881757c2) and import it manually, or if you've installed MetaMask's chrome extension, add CRDOON to MetaMask with one click on CoinGecko.

Add CRDOON to MetaMask.