iShares Core S&P 500 ETF (Ondo Tokenized ETF)

IVVON Price

About iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON)

IVVon is a tokenized representation of the iShares Core S&P 500 ETF, providing on-chain investors with economic exposure to the performance of the top 500 publicly traded U.S. companies.

• The token mirrors the price movements of the underlying IVV ETF while automatically reinvesting dividends to support compounded returns.
• It enables non-U.S. retail and institutional investors to mint and redeem tokenized U.S. equities 24 hours a day, five days a week.
• Issued through the Ondo Global Markets platform, it leverages traditional exchange liquidity to facilitate instant settlement and redemption.

What Is iShares Core S&P 500 ETF (Ondo Tokenized ETF)

iShares Core S&P 500 ETF (Ondo Tokenized ETF) is a real-world asset (RWA) token designed to bridge traditional equity markets with decentralized finance. Its primary value proposition is providing global, 24/5 access to the S&P 500 index—a benchmark for large-capitalization U.S. equities—without requiring a traditional brokerage account. Value moves through the system by tracking the net asset value (NAV) of the underlying iShares ETF shares held in custody.

The token is put to work as a liquid, on-chain representation of traditional equity. Unlike native crypto assets, its utility is centered on providing familiar financial exposure in a digital format. Dividends distributed by the underlying ETF are automatically reinvested into the token's value, allowing the holdings to scale as the broader U.S. economy grows. This mechanism ensures that token holders receive the full economic benefit of the underlying asset, including both price appreciation and yield.

What Makes iShares Core S&P 500 ETF (Ondo Tokenized ETF) Unique

• Traditional Liquidity Access: Unlike many synthetic assets, IVVon is designed to tap directly into the deep liquidity of traditional stock exchanges for its minting and redemption processes.
• Automated Compounding: The system features an automated dividend reinvestment mechanism, which simplifies long-term holding by removing the need for manual reinvestment of payouts.
• Extended Trading Hours: While traditional stock markets have strict opening and closing times, the tokenized format allows for 24/5 trading, providing greater flexibility for global participants.
• Cross-Chain Availability: The token is deployed across multiple major blockchains, including Ethereum, Solana, and BNB Chain, enhancing its accessibility across different decentralized ecosystems.

What Can You Use iShares Core S&P 500 ETF (Ondo Tokenized ETF) for?

• Portfolio Diversification: Investors can use the token to gain exposure to the U.S. stock market directly from their digital wallets, diversifying away from pure crypto-asset risk.
• On-Chain Collateral: As a tokenized version of a highly liquid traditional asset, it can potentially be used as collateral within supported DeFi lending and borrowing protocols.
• Yield Generation: Through dividend reinvestment, the token provides a native form of yield derived from the earnings of the underlying S&P 500 companies.
• Instant Settlement: The use of blockchain technology allows for faster settlement of equity-linked positions compared to the multi-day settlement cycles often found in traditional finance.

How Does iShares Core S&P 500 ETF (Ondo Tokenized ETF) Work?

iShares Core S&P 500 ETF (Ondo Tokenized ETF) operates through a specialized issuance and redemption framework managed by Ondo Global Markets. When a user mints the token, the equivalent value is used to purchase shares of the iShares Core S&P 500 ETF (IVV) in the traditional market. These shares are held by regulated custodians, ensuring the token is backed by the physical asset. The token itself is an ERC-20 (or equivalent) smart contract that represents a claim on those underlying shares.

Transactions involving the token incur protocol service fees, which help cover the costs of custody, regulatory compliance, and the technical infrastructure required to maintain the link between on-chain tokens and off-chain assets. The system uses a price feed to ensure the token's value accurately reflects the market price of the underlying ETF plus any accumulated dividends.

Team Info and Investors

The project is managed by Ondo Finance, a decentralized finance protocol focused on bringing institutional-grade financial products to the blockchain. While the specific individual leadership for the IVVon product is not detailed in available project documentation, Ondo Finance is known for its partnerships with established financial institutions for custody and brokerage services. The source does not specify individual venture capital investors for this specific tokenized ETF, though the parent entity has documented history in the real-world asset tokenization space.

Where can you buy iShares Core S&P 500 ETF (Ondo Tokenized ETF)?

IVVON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Core S&P 500 ETF (Ondo Tokenized ETF) is Ondo Stocks, where the most active trading pair IVVON/USDON has a trading volume of $1,650.71 in the last 24 hours.

What is the daily trading volume of iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON)?

The trading volume of iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is $1,651.20 in the last 24 hours, representing a -81.30% 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 iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON)?

iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) reached an all-time high of $1,301.87 and an all-time low of $622.46. It’s now trading -40.50% below that peak and 24.40% above its lowest price.

What is the market cap of iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON)?

Market capitalization of iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is $60,286,600 and is ranked #392 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IVVON tokens (78 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON)?

The fully diluted valuation (FDV) of iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is $60,286,600. This is a statistical representation of the maximum market cap, assuming total number of 78 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Core S&P 500 ETF (Ondo Tokenized ETF) compare against its peers?

With a price decline of -1.00% in the last 7 days, iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) is outperforming the global cryptocurrency market which is down -4.00%, while outperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -2.80%.

How to add iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) to MetaMask?

Adding iShares Core S&P 500 ETF (Ondo Tokenized ETF) (IVVON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IVVON as a token. You can copy IVVON’s contract address (0x62ca254a363dc3c748e7e955c20447ab5bf06ff7) and import it manually, or if you've installed MetaMask's chrome extension, add IVVON to MetaMask with one click on CoinGecko.

Add IVVON to MetaMask.