Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized)

QYLDON Price

About Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDon)

QYLDon is a tokenized financial instrument that provides onchain economic exposure to the Global X NASDAQ 100 Covered Call ETF (QYLD).

• Provides a total-return tracker that reflects both the price movements and reinvested dividends of the underlying QYLD ETF.
• Enables non-US investors to mint and redeem tokenized securities 24 hours a day, five days a week with traditional exchange liquidity.
• Features a bankruptcy-remote legal structure backed by a first-priority security interest in the underlying assets.

What Is Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized)

QYLDon is a digital representation of the Global X NASDAQ 100 Covered Call ETF, issued through the Ondo Global Markets platform. It is designed to mirror the economic performance of the underlying QYLD ETF, which tracks the NASDAQ 100 Index and employs a covered call strategy to generate income. This asset falls under the broader category of Real World Assets (RWA), which are traditional financial instruments brought onto a blockchain.

Value moves through the system via the tokenization of traditional public securities, allowing them to be traded and settled on blockchain infrastructure. The token is put to work by providing holders with exposure to the yield and price appreciation of the underlying ETF without requiring a traditional brokerage account. This system scales as the ecosystem grows by integrating with various decentralized finance (DeFi) protocols and expanding to multiple blockchain networks like Ethereum, BNB Chain, and Solana.

What Makes Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) Unique

• Traditional Liquidity Access: Unlike many synthetic assets, QYLDon inherits liquidity from traditional markets through instant minting and redemption processes.
• Total-Return Tracking: The token accounts for both price changes and reinvested dividends (net of withholding tax), ensuring the onchain asset mirrors the real-world asset's total return.
• Institutional-Grade Security: Assets are held with US-registered custodial broker-dealers, with daily verification by an independent Verification Agent.
• 24/5 Availability: While traditional markets are limited, direct minting and redemption are available 24 hours a day, five days a week.

What Can You Use Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) for?

QYLDon is a tokenized stock pegged to the Global X NASDAQ 100 Covered Call ETF (QYLD). Its utility is structured around the following categories:

1. Value retention: QYLDon allows users to hold a digital, onchain representation of the Global X NASDAQ 100 Covered Call ETF (QYLD), potentially reducing exposure to the high volatility of the broader cryptocurrency market by pegging value to a diversified equity fund.
2. Yield generation: Holders receive economic exposure to the dividends generated by the underlying ETF, which are reinvested into the tokenized asset to provide a total-return experience. The source does not specify native yield options beyond the underlying ETF's performance.
3. Cross-border settlement / value transfer: The token enables the frictionless cross-border transfer of exposure to US equities, allowing non-US retail and institutional users to move value globally on supported blockchains.
4. Collateralization: QYLDon is designed to be compatible with DeFi protocols, where it can be used as collateral for borrowing and lending or as margin for derivatives.

How Does Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) Work?

QYLDon operates through a process called tokenization, a method that converts ownership rights of a traditional asset into a digital token on a blockchain. When a user mints QYLDon, the platform's broker-dealer partner purchases the equivalent amount of the underlying QYLD ETF. The tokenized assets are held in a bankruptcy-remote legal structure, meaning they are legally isolated from the issuer's own assets to protect token holders.

An independent Security Agent holds a first-priority, perfected security interest in the collateral to ensure investor protection. Transaction fees on the underlying networks are paid in their respective native assets, as QYLDon is an application utility token and not a native network asset. This infrastructure bridges traditional finance with decentralized systems while maintaining regulatory compliance.

Team Info and Investors

QYLDon is issued by Ondo Global Markets (BVI) Limited, an affiliate of Ondo Finance. Ondo Finance is led by a team with experience from major financial institutions like Goldman Sachs and Circle. The project has received backing from prominent investors, including Founders Fund, Pantera Capital, and Coinbase Ventures. Governance is handled by the issuer, with oversight from third-party agents responsible for asset verification and security interest enforcement.

Where can you buy Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized)?

QYLDON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair QYLDON/USDON has a trading volume of $4.69 in the last 24 hours.

What is the daily trading volume of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON)?

The trading volume of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) is $4.69 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 NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON)?

Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) reached an all-time high of $18.43 and an all-time low of $18.05. It’s now trading 0.00% below that peak and 2.10% above its lowest price.

What is the market cap of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON)?

Market capitalization of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) is $166.35 and is ranked #12550 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of QYLDON tokens (9 tokens are tradable on the market today).

What is the fully diluted valuation of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON)?

The fully diluted valuation (FDV) of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) is $166.35. This is a statistical representation of the maximum market cap, assuming total number of 9 ETH tokens are in circulation today.

How does the price performance of Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.00% in the last 7 days, Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) is outperforming the global cryptocurrency market which is down -0.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) to MetaMask?

Adding Global X NASDAQ 100 Covered Call ETF (Ondo Tokenized) (QYLDON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import QYLDON as a token. You can copy QYLDON’s contract address (0xa7776b3d801a6626807e0db357c7ee2a8962903b) and import it manually, or if you've installed MetaMask's chrome extension, add QYLDON to MetaMask with one click on CoinGecko.

Add QYLDON to MetaMask.