iShares Semiconductor ETF (Ondo Tokenized)

SOXXON Price

About iShares Semiconductor ETF (Ondo Tokenized) (SOXXon)

iShares Semiconductor ETF (Ondo Tokenized) is a digital asset that provides on-chain economic exposure to the performance of the iShares Semiconductor ETF (SOXX).

• Asset Tokenization: The token enables non-US investors to access traditional equity markets through blockchain technology.
• Total Return Tracking: SOXXon is designed to reflect both the price movements and the reinvested dividends of the underlying SOXX ETF.
• Multi-Chain Availability: The asset is issued as a transferable token across major blockchain networks, including Ethereum, Solana, and BNB Chain.

What Is iShares Semiconductor ETF (Ondo Tokenized)

iShares Semiconductor ETF (Ondo Tokenized), often referred to by its ticker SOXXon, is a product of the Ondo Global Markets platform. It serves as a bridge between traditional finance and decentralized ecosystems by representing ownership rights to the economic value of the iShares Semiconductor ETF. The project aims to provide global, 24/7 access to US-regulated securities for retail and institutional users outside the United States.

Value moves through the system via the minting and redemption process, where users can exchange stablecoins for SOXXon tokens. The token is 'put to work' within the ecosystem by allowing holders to maintain exposure to the semiconductor industry while utilizing the asset in various on-chain financial applications. As the ecosystem grows, the integration of these tokenized stocks into broader decentralized protocols is intended to scale the utility of traditional securities in a digital-first environment.

What Makes iShares Semiconductor ETF (Ondo Tokenized) Unique

• 24/5 Liquidity: Unlike traditional stock markets that operate on fixed hours, SOXXon can be minted or redeemed through the Ondo platform 24 hours a day, five days a week.
• Bankruptcy-Remote Structure: The asset is issued using a legal framework designed to protect token holders by ensuring the underlying collateral is insulated from the issuer's operational risks.
• Independent Verification: An independent verification agent reviews the backing of the tokens daily to ensure transparency and 1:1 asset coverage.
• Peer-to-Peer Transferability: While minting is restricted to the platform, the tokens themselves can be transferred peer-to-peer 24/7, enabling secondary market trading outside of traditional exchange hours.

What Can You Use iShares Semiconductor ETF (Ondo Tokenized) for?

iShares Semiconductor ETF (Ondo Tokenized) is pegged to the iShares Semiconductor ETF (SOXX). Its use cases include:

1. Value retention: The asset allows users to hold a digital, on-chain representation of the iShares Semiconductor ETF (SOXX), which may reduce exposure to crypto-market volatility by tracking traditional equity performance.
2. Yield generation: Token holders receive economic exposure similar to reinvesting dividends from the underlying ETF. Additionally, the source indicates that the token can be used in decentralized lending and liquidity-provisioning protocols to generate further returns.
3. Cross-border settlement / value transfer: SOXXon enables the frictionless cross-border transfer of iShares Semiconductor ETF (SOXX) value, allowing global users to move equity-backed value across supported blockchains without traditional banking intermediaries.
4. Collateralization: The token is designed for use as collateral in borrowing and lending protocols or as margin for derivatives, as supported by the Real World Assets (RWA) ecosystem.

How Does iShares Semiconductor ETF (Ondo Tokenized) Work?

iShares Semiconductor ETF (Ondo Tokenized) functions as a total-return tracker. When a user mints the token, the Ondo Global Markets platform acquires the equivalent amount of the underlying SOXX ETF and holds it in custody with US-registered broker-dealers. The smart contracts governing the token ensure that its supply matches the verified holdings in these accounts.

The mechanism is built on existing blockchains like Ethereum, where it operates as an application-level token. It does not serve as a native network asset; therefore, transaction fees on the network are paid in the blockchain's native currency rather than SOXXon. Redemptions are processed by selling the underlying securities and returning the cash value to the user in the form of stablecoins, ensuring the peg is maintained through arbitrage and direct conversion.

Team Info and Investors

iShares Semiconductor ETF (Ondo Tokenized) is issued by Ondo Global Markets (BVI) Limited, an affiliate of Ondo Finance. Ondo Finance was founded by Nathan Allman and has attracted backing from prominent venture capital firms, including Founders Fund, Pantera Capital, and Coinbase Ventures. The project is governed by a structure that includes independent security agents and verification agents to oversee investor protections and collateral management.

Where can you buy iShares Semiconductor ETF (Ondo Tokenized)?

SOXXON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Semiconductor ETF (Ondo Tokenized) is Ondo Stocks, where the most active trading pair SOXXON/USDON has a trading volume of $71,285.33 in the last 24 hours.

What is the daily trading volume of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON)?

The trading volume of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) is $131,776.28 in the last 24 hours, representing a -1.60% 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 iShares Semiconductor ETF (Ondo Tokenized) (SOXXON)?

iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) reached an all-time high of $654.10 and an all-time low of $305.78. It’s now trading -17.80% below that peak and 75.80% above its lowest price.

What is the market cap of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON)?

Market capitalization of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) is $1,247,616 and is ranked #2420 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SOXXON tokens (2.3 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON)?

The fully diluted valuation (FDV) of iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) is $1,247,616. This is a statistical representation of the maximum market cap, assuming total number of 2.3 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Semiconductor ETF (Ondo Tokenized) compare against its peers?

With a price decline of -7.70% in the last 7 days, iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) is underperforming the global cryptocurrency market which is up 1.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) to MetaMask?

Adding iShares Semiconductor ETF (Ondo Tokenized) (SOXXON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SOXXON as a token. You can copy SOXXON’s contract address (0x1fe2126bc05e4bb0468c4a198e930c889e1054a3) and import it manually, or if you've installed MetaMask's chrome extension, add SOXXON to MetaMask with one click on CoinGecko.

Add SOXXON to MetaMask.