Caterpillar (Ondo Tokenized Stock)

CATON Price

About Caterpillar (Ondo Tokenized Stock) (CATON)

CATON is a tokenized version of Caterpillar Inc. (CAT) stock, providing non-US investors with on-chain economic exposure to the underlying security.

• Offers total return tracking by reinvesting dividends into the token value.
• Enables instant minting and redemption 24 hours a day, five days a week.
• Utilizes a bankruptcy-remote special purpose vehicle (SPV) structure for investor protection.

What Is Caterpillar (Ondo Tokenized Stock)

Caterpillar (Ondo Tokenized Stock), identified by the ticker CATON, is a digital asset issued by Ondo Global Markets that tracks the performance of Caterpillar Inc. (CAT). The token is designed to provide holders with economic exposure identical to holding the underlying stock, including the reinvestment of dividends net of withholding taxes. This process is part of the broader Real World Assets (RWA) sector, which aims to bring traditional financial instruments onto the blockchain.

Value moves through the system via the Ondo Global Markets platform, which facilitates the tokenization of traditional public securities. Users can mint CATON by depositing stablecoins and redeem them for the current value of the underlying assets. The token is "put to work" as a highly liquid on-chain representation of traditional equity, allowing it to be used within decentralized finance (DeFi) protocols for collateralization or as a component in structured financial products. As the ecosystem grows, CATON scales by integrating more blockchain networks and DeFi applications, increasing the utility and accessibility of tokenized assets.

What Makes Caterpillar (Ondo Tokenized Stock) Unique

• Total Return Tracking: Unlike simple price trackers, CATON accounts for dividends, which are reinvested to increase the amount of underlying shares each token represents over time.
• Institutional-Grade Protection: The asset is backed by a bankruptcy-remote legal structure, daily attestations of holdings, and a first-priority security interest held by a third-party agent.
• 24/5 Availability: While traditional stocks trade during set market hours, CATON allows for minting and redemption across pre-market, regular, post-market, and overnight sessions, totaling five days a week.
• Atomic Settlement: Purchases and redemptions occur in a single atomic transaction, providing instant liquidity between stablecoins and tokenized stocks.

What Can You Use Caterpillar (Ondo Tokenized Stock) for?

• On-chain Equity Exposure: Investors can hold CATON to gain exposure to Caterpillar Inc. without needing a traditional brokerage account, specifically targeting non-US retail and institutional users.
• Collateralization: CATON is designed to be DeFi-compatible, meaning it can be used as collateral in lending and borrowing protocols that support real world assets.
• Portfolio Diversification: Users can diversify their crypto-native portfolios by adding exposure to traditional industrial sectors like construction and mining equipment manufacturing.
• Fractional Investment: The platform supports fractional tokens, allowing users to invest in Caterpillar stock with as little as $1.

How Does Caterpillar (Ondo Tokenized Stock) Work?

CATON functions through a special purpose vehicle (SPV) that holds the underlying Caterpillar Inc. shares at a regulated US broker-dealer. When a user mints CATON, the platform purchases the corresponding shares; when a user redeems, the shares are sold. The token employs a total-return mechanism where dividends increase the "shares per token" ratio rather than being distributed as separate tokens. This means one CATON token may represent slightly more than one share of CAT over time.

As an application utility token, CATON does not pay network gas fees itself. Instead, transactions involving CATON on networks like Ethereum or Solana require the native network asset to pay protocol service fees or transaction costs. These networks often utilize a Proof of Stake consensus mechanism to secure and validate transactions.

Team Info and Investors

CATON is issued by Ondo Global Markets (BVI) Limited, a subsidiary of Ondo Finance. Ondo Finance was founded by Nathan Allman and has received backing from prominent investors including Founders Fund, Pantera Capital, and Coinbase Ventures. The project operates with a focus on bringing institutional-grade financial products to the blockchain, utilizing partnerships with regulated entities for brokerage and custody services.

Where can you buy Caterpillar (Ondo Tokenized Stock)?

CATON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Caterpillar (Ondo Tokenized Stock) is MEXC, where the most active trading pair CATON/USDT has a trading volume of $61,198.06 in the last 24 hours. Other popular options include Ondo Stocks and BYDFi.

What is the daily trading volume of Caterpillar (Ondo Tokenized Stock) (CATON)?

The trading volume of Caterpillar (Ondo Tokenized Stock) (CATON) is $64,227.20 in the last 24 hours, representing a 7.60% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Caterpillar (Ondo Tokenized Stock) (CATON)?

Caterpillar (Ondo Tokenized Stock) (CATON) reached an all-time high of $1,074.46 and an all-time low of $623.58. It’s now trading -12.20% below that peak and 51.20% above its lowest price.

What is the market cap of Caterpillar (Ondo Tokenized Stock) (CATON)?

Market capitalization of Caterpillar (Ondo Tokenized Stock) (CATON) is $55,130.27 and is ranked #5417 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CATON tokens (58 tokens are tradable on the market today).

What is the fully diluted valuation of Caterpillar (Ondo Tokenized Stock) (CATON)?

The fully diluted valuation (FDV) of Caterpillar (Ondo Tokenized Stock) (CATON) is $55,130.27. This is a statistical representation of the maximum market cap, assuming total number of 58 ETH tokens are in circulation today.

How does the price performance of Caterpillar (Ondo Tokenized Stock) compare against its peers?

With a price increase of 0.20% in the last 7 days, Caterpillar (Ondo Tokenized Stock) (CATON) is underperforming the global cryptocurrency market which is up 3.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Caterpillar (Ondo Tokenized Stock) (CATON) to MetaMask?

Adding Caterpillar (Ondo Tokenized Stock) (CATON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CATON as a token. You can copy CATON’s contract address (0xf719b02079e0faa5450392da2d3e11a1e5b0eadb) and import it manually, or if you've installed MetaMask's chrome extension, add CATON to MetaMask with one click on CoinGecko.

Add CATON to MetaMask.