Global X Blockchain ETF (Ondo Tokenized)

BKCHON Price

About Global X Blockchain ETF (Ondo Tokenized) (BKCHon)

BKCHon is a tokenized financial instrument that provides investors with onchain economic exposure to the Global X Blockchain ETF (BKCH).

• It functions as a total-return tracker, reflecting both the price movements of the underlying ETF and the reinvestment of dividends.
• The asset is issued by Ondo Global Markets and is backed by physical securities held in US-registered custodial broker-dealers.
• Users can mint and redeem BKCHon tokens 24 hours a day, five days a week, with full access to traditional exchange liquidity.

What Is Global X Blockchain ETF (Ondo Tokenized)

BKCHon is the Ondo Tokenized version of the Global X Blockchain ETF, a fund that tracks companies involved in the blockchain and digital asset ecosystem. By tokenizing this ETF, Ondo Global Markets enables non-US retail and institutional users to access traditional public securities directly on the blockchain. This process, known as "on-chaining," allows traditional financial instruments to be traded and utilized within the Decentralized Finance (DeFi) ecosystem.

The token is designed to give holders economic exposure similar to owning the underlying BKCH shares, including the value of dividends (net of tax withholdings). It bridges the gap between traditional stock exchanges and blockchain technology, providing a way for value to move seamlessly between the two systems. As the ecosystem grows, BKCHon scales by inheriting the liquidity of the massive traditional ETF market, ensuring that even large-scale minting and redemptions can be processed efficiently.

What Makes Global X Blockchain ETF (Ondo Tokenized) Unique

• Total-Return Tracking: Unlike simple price trackers, BKCHon accounts for reinvested dividends, providing a more accurate reflection of the underlying asset's long-term performance.
• 24/5 Liquidity: While traditional markets are closed on weekends, BKCHon offers minting and redemption services 24 hours a day, five days a week, and peer-to-peer transfers 24/7.
• Institutional-Grade Security: The asset is secured by a first-priority, perfected security interest in the underlying collateral, with daily verification by an independent agent.
• DeFi Integration: BKCHon is designed to be transferable and compatible with DeFi protocols, allowing it to be used as collateral for lending or in perpetual derivatives.

What Can You Use Global X Blockchain ETF (Ondo Tokenized) for?

• Onchain Exposure: Investors can gain exposure to the blockchain technology sector without needing a traditional brokerage account, directly through their crypto wallets.
• Collateral for Lending: BKCHon can be used as collateral in decentralized lending protocols, enabling users to borrow against their ETF holdings.
• Yield Strategies: By integrating with DeFi, holders can participate in liquidity provisioning or yield-generating strategies that are typically unavailable to traditional ETF holders.
• Cross-Border Transfer: As a blockchain-based token, BKCHon can be transferred globally and instantly, bypassing the delays associated with traditional securities settlement.

How Does Global X Blockchain ETF (Ondo Tokenized) Work?

BKCHon operates through a process of tokenization where the underlying Global X Blockchain ETF shares are held in custody by US-registered broker-dealers. When a user mints BKCHon, the platform purchases the corresponding amount of the underlying ETF. These tokens are then issued on supported blockchains like Ethereum, BNB Chain, and Solana using smart contracts—self-executing computer programs that live on the blockchain.

The redemption process is equally streamlined; users can redeem their BKCHon tokens for the cash value of the underlying asset in stablecoins. This mechanism is supported by an independent Security Agent who ensures the protection of tokenholders' interests. The platform uses a "bankruptcy-remote" legal structure, meaning the assets backing the tokens are legally separated from the issuer's operational assets, providing an additional layer of safety for investors.

Team Info and Investors

Global X Blockchain ETF (Ondo Tokenized) is a product of Ondo Global Markets (BVI) Limited, an affiliate of Ondo Finance. Ondo Finance is led by a team with extensive experience in both traditional finance and blockchain technology, including former executives from major firms like Goldman Sachs and Invesco. The project has established partnerships with prominent industry players such as Morpho, Gauntlet, and Ledger to ensure the security and utility of its Real World Assets (RWA). Major early backing for Ondo Finance has come from leading venture capital firms, although specific funding rounds for the BKCHon token itself are not separately detailed in available sources.

Where can you buy Global X Blockchain ETF (Ondo Tokenized)?

BKCHON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Global X Blockchain ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair BKCHON/USDON has a trading volume of $25.88 in the last 24 hours.

What is the daily trading volume of Global X Blockchain ETF (Ondo Tokenized) (BKCHON)?

The trading volume of Global X Blockchain ETF (Ondo Tokenized) (BKCHON) is $25.88 in the last 24 hours, representing a -81.50% 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 Global X Blockchain ETF (Ondo Tokenized) (BKCHON)?

Global X Blockchain ETF (Ondo Tokenized) (BKCHON) reached an all-time high of $89.46 and an all-time low of $85.15. It’s now trading -2.60% below that peak and 2.30% above its lowest price.

What is the market cap of Global X Blockchain ETF (Ondo Tokenized) (BKCHON)?

Market capitalization of Global X Blockchain ETF (Ondo Tokenized) (BKCHON) is $195.05 and is ranked #12515 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BKCHON tokens (2.2 tokens are tradable on the market today).

What is the fully diluted valuation of Global X Blockchain ETF (Ondo Tokenized) (BKCHON)?

The fully diluted valuation (FDV) of Global X Blockchain ETF (Ondo Tokenized) (BKCHON) is $195.05. This is a statistical representation of the maximum market cap, assuming total number of 2 ETH tokens are in circulation today.

How does the price performance of Global X Blockchain ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.00% in the last 7 days, Global X Blockchain ETF (Ondo Tokenized) (BKCHON) is underperforming the global cryptocurrency market which is up 1.70%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Global X Blockchain ETF (Ondo Tokenized) (BKCHON) to MetaMask?

Adding Global X Blockchain ETF (Ondo Tokenized) (BKCHON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BKCHON as a token. You can copy BKCHON’s contract address (0xdd00b1046692aa2780ef04849829609fc4f90fd7) and import it manually, or if you've installed MetaMask's chrome extension, add BKCHON to MetaMask with one click on CoinGecko.

Add BKCHON to MetaMask.