Invesco PHLX Semiconductor ETF (Ondo Tokenized)

SOXQON Price

About Invesco PHLX Semiconductor ETF (Ondo Tokenized) (soxqon)

Invesco PHLX Semiconductor ETF (Ondo Tokenized) is a digital asset providing on-chain economic exposure to the Invesco PHLX Semiconductor ETF (SOXQ), which tracks the performance of the largest US-listed companies in the semiconductor industry.

• The token functions as a total-return tracker, mirroring both the price movements of the underlying ETF and the value of reinvested dividends (net of withholding taxes).
• Eligible non-US users can mint and redeem tokens 24 hours a day, five days a week, accessing traditional exchange liquidity through a dedicated tokenization platform.
• The asset is structured using bankruptcy-remote legal practices and features daily backing verification by an independent agent.

What Is Invesco PHLX Semiconductor ETF (Ondo Tokenized)

Invesco PHLX Semiconductor ETF (Ondo Tokenized) serves as a bridge between traditional equity markets and blockchain technology, enabling global investors to access semiconductor sector exposure. The value of the token is designed to track the performance of the SOXQ ETF, a fund comprised of companies involved in semiconductor design, distribution, manufacture, and sale.

Value moves through the system via a minting and redemption mechanism where the issuer, Ondo Global Markets (BVI) Limited, purchases the underlying ETF shares in traditional markets. The token is "put to work" primarily as a vehicle for gaining sector exposure without a traditional brokerage account, as decentralized finance collateral, and for peer-to-peer value transfer. This ecosystem scales as more real-world assets are integrated, increasing the availability of institutional-grade securities on public ledgers.

What Makes Invesco PHLX Semiconductor ETF (Ondo Tokenized) Unique

• Total-Return Mechanism: Unlike simple price trackers, the token accounts for reinvested dividends and interest, reflecting the economic performance of owning the actual stock over time.
• 24/5 Direct Liquidity: Token holders can mint and redeem tokens directly for stablecoins or dollars during the traditional trading week, inheriting the deep liquidity of US equity markets.
• Institutional-Grade Protections: The project uses a bankruptcy-remote structure where an independent third-party security agent holds a first-priority security interest in the collateral.
• Multi-Chain Accessibility: The token is available on several major networks, including Ethereum, BNB Chain, and Solana.

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

• Sector Exposure: Gain exposure to the semiconductor industry, which includes companies producing critical hardware for artificial intelligence, computing, and electronics.
• DeFi Collateralization: Use the token as backing for borrowing and lending protocols that support tokenized securities.
• Cross-Border Settlement: Transfer value representing US ETF exposure globally between wallets 24 hours a day, seven days a week.
• Yield Generation: Participate in lending or liquidity provisioning markets within the RWA (Real World Asset) sector.

How Does Invesco PHLX Semiconductor ETF (Ondo Tokenized) Work?

The tokenization process involves Ondo Global Markets (BVI) Limited acting as the issuer. When a user initiates a minting request, the issuer acquires the corresponding shares of the Invesco PHLX Semiconductor ETF through Alpaca Securities LLC, a US-registered broker-dealer. These shares are held in custody, and an independent Verification Agent performs daily reviews to ensure the tokens are fully backed.

The platform utilizes protocol service fees for managing the minting and redemption lifecycle. To maintain price parity, arbitrageurs can exploit price differences between the token and the underlying ETF by performing instant redemptions or mints during market hours.

Team Info and Investors

Ondo Finance Inc. provides the technical tokenization services and infrastructure for the project. The platform is led by a team with backgrounds in both traditional finance and blockchain technology, notably hiring a former Invesco ETF executive to oversee the development of on-chain investment products. The project collaborates with various institutional partners for custody and security, including Zodia Custody, BitGo, and Fireblocks.

Where can you buy Invesco PHLX Semiconductor ETF (Ondo Tokenized)?

SOXQON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Invesco PHLX Semiconductor ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair SOXQON/USDON has a trading volume of $12.85 in the last 24 hours.

What is the daily trading volume of Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON)?

The trading volume of Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON) is $12.85 in the last 24 hours, representing a 0.40% 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 Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON)?

Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON) reached an all-time high of $113.53 and an all-time low of $106.18. It’s now trading -0.20% below that peak and 6.70% above its lowest price.

What is the market cap of Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON)?

Market capitalization of Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON) is $183.09 and is ranked #12539 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SOXQON tokens (1.6 tokens are tradable on the market today).

What is the fully diluted valuation of Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON)?

The fully diluted valuation (FDV) of Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON) is $183.09. This is a statistical representation of the maximum market cap, assuming total number of 1 ETH tokens are in circulation today.

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

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

How to add Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON) to MetaMask?

Adding Invesco PHLX Semiconductor ETF (Ondo Tokenized) (SOXQON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SOXQON as a token. You can copy SOXQON’s contract address (0x4032d3076974b89238adfe61085ec57fc4522646) and import it manually, or if you've installed MetaMask's chrome extension, add SOXQON to MetaMask with one click on CoinGecko.

Add SOXQON to MetaMask.