Global X Defense Tech ETF (Ondo Tokenized)

SHLDON Price

About Global X Defense Tech ETF (Ondo Tokenized) (SHLDon)

SHLDon is a tokenized representation of the Global X Defense Tech ETF (SHLD), providing onchain exposure to the economic performance of defense technology companies.

• The token is designed to track the total return of the underlying ETF, including the value of reinvested dividends.
• Users can mint and redeem tokens 24 hours a day, five days a week, directly through the Ondo Global Markets platform.
• SHLDon is compatible with decentralized finance protocols, enabling its use as collateral or for yield generation in various onchain applications.

What Is Global X Defense Tech ETF (Ondo Tokenized)

Global X Defense Tech ETF (Ondo Tokenized), or SHLDon, is a total-return tracker issued by Ondo Global Markets. It is designed to give holders economic exposure similar to owning the physical SHLD ETF while remaining within a blockchain environment. The asset reflects both price movements and reinvested dividends (net of applicable withholding taxes) of the underlying security.

Value moves through the system via a minting and redemption process where the tokenized asset is backed by the corresponding ETF held in custody by US-registered broker-dealers. This mechanism allows the token to inherit the liquidity of traditional markets. As the ecosystem grows, SHLDon functions as a bridge between traditional finance and decentralized finance, allowing for the frictionless movement of institutional-grade value across borders and protocols.

What Makes Global X Defense Tech ETF (Ondo Tokenized) Unique

• 24/5 Instant Liquidity: Unlike traditional brokerage accounts, SHLDon allows for instant minting and redemptions five days a week, supported by traditional exchange liquidity.
• Total Return Mechanism: The token accounts for dividends and interest, ensuring holders receive the full economic performance of the underlying asset rather than just price appreciation.
• Bankruptcy-Remote Structure: SHLDon is issued using a legal framework designed to maximize bankruptcy remoteness, with an independent third-party security agent holding a first-priority security interest in the collateral.
• Multi-Chain Accessibility: The asset is live on major networks including Ethereum, BNB Chain, and Solana, facilitating broad interoperability.

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

SHLDon is pegged to the value of the Global X Defense Tech ETF (SHLD). Its utility includes:

• Value retention: It allows users to hold a digital, onchain representation of the SHLD ETF, potentially reducing exposure to crypto-market volatility by tracking a traditional equity sector.
• Yield generation: Token holders can utilize SHLDon in decentralized lending or liquidity-provisioning protocols that support Ondo Tokenized Assets.
• Cross-border settlement: It enables international transfer and global trade of defense technology exposure without the friction typically associated with traditional brokerage hurdles.
• Collateralization: SHLDon can be used as backing for borrowing/lending protocols or as margin for onchain derivatives.

How Does Global X Defense Tech ETF (Ondo Tokenized) Work?

SHLDon operates as an application utility token on public blockchains. When a user mints the token, Ondo Global Markets purchases the underlying SHLD ETF and holds it in a regulated US custodial account. The token itself is an ERC-20 (or equivalent) asset that represents a claim on the economic value of that collateral.

An independent Verification Agent reviews the asset backing daily to ensure transparency. Transaction fees on the underlying networks are paid in native currency (e.g., ETH for Ethereum), while the Ondo platform may apply protocol service fees for the minting and redemption of the tokens.

Team Info and Investors

Ondo Finance was founded in 2021 by Nathan Allman, a former Goldman Sachs investment banker. The project is led by a team with backgrounds in both traditional finance and blockchain engineering, including a former head of ETFs from Invesco.

The project has raised over $28 million in funding and is backed by prominent venture capital firms including Founders Fund, Pantera Capital, Coinbase Ventures, and Tiger Global. These investors support Ondo's mission to bridge the gap between traditional capital markets and the Real World Assets (RWA) sector.

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

SHLDON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Global X Defense Tech ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair SHLDON/USDON has a trading volume of $49.93 in the last 24 hours.

What is the daily trading volume of Global X Defense Tech ETF (Ondo Tokenized) (SHLDON)?

The trading volume of Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) is $49.93 in the last 24 hours, representing a 0.00% 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 Global X Defense Tech ETF (Ondo Tokenized) (SHLDON)?

Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) reached an all-time high of $64.66 and an all-time low of $63.55. It’s now trading 0.00% below that peak and 1.70% above its lowest price.

What is the market cap of Global X Defense Tech ETF (Ondo Tokenized) (SHLDON)?

Market capitalization of Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) is $170.68 and is ranked #12552 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SHLDON tokens (2.6 tokens are tradable on the market today).

What is the fully diluted valuation of Global X Defense Tech ETF (Ondo Tokenized) (SHLDON)?

The fully diluted valuation (FDV) of Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) is $170.68. 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 Defense Tech ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.00% in the last 7 days, Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) is outperforming the global cryptocurrency market which is down -0.30%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) to MetaMask?

Adding Global X Defense Tech ETF (Ondo Tokenized) (SHLDON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SHLDON as a token. You can copy SHLDON’s contract address (0xfb4aa24c9c4e65f82d57d268da8a65a0de0dc43b) and import it manually, or if you've installed MetaMask's chrome extension, add SHLDON to MetaMask with one click on CoinGecko.

Add SHLDON to MetaMask.