iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF)

ITOTON Price

About iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON)

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) is a tokenized financial instrument that provides investors with on-chain economic exposure to the broad United States equity market.

• The token tracks the performance of the iShares Core S&P Total US Stock Market ETF (ITOT), an exchange-traded fund composed of thousands of U.S. stocks across all market capitalizations.
• It enables non-U.S. retail and institutional users to mint and redeem tokenized U.S. equities 24 hours a day with access to traditional exchange liquidity.
• Token holders receive economic benefits similar to holding the underlying ETF, including the reinvestment of dividends into the token's value.

What Is iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF)

ITOTon is a digital representation of the iShares Core S&P Total US Stock Market ETF, designed to bring traditional equity market exposure to decentralized finance (DeFi) ecosystems. The project aims to bridge the gap between legacy finance and blockchain technology by allowing global users to hold and trade U.S. stock market indices without requiring a traditional brokerage account.

Value moves through the system via a minting and redemption process where users deposit collateral to receive ITOTon tokens, which are backed by the underlying ITOT shares. The token is 'put to work' as a liquid, on-chain asset that can be used within DeFi protocols for activities such as collateralized borrowing or liquidity provisioning. As the ecosystem grows, the protocol scales by increasing the total value of tokenized assets under management (AUM) and expanding the availability of these tokens across multiple blockchain networks.

What Makes iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) Unique

• 24/7 Accessibility: Unlike traditional stock exchanges that operate on fixed hours, ITOTon can be minted, redeemed, and traded at any time.
• Dividend Reinvestment: The token is structured to automatically reinvest dividends from the underlying ITOT ETF, potentially increasing the token's value relative to the share price over time.
• Global Reach: The product is specifically designed to provide non-U.S. investors with streamlined access to the U.S. equity market, overcoming geographical barriers to entry.
• Multi-Chain Availability: The asset is deployed across several major networks, including Ethereum, Solana, and BNB Chain, allowing for broad interoperability within various blockchain ecosystems.

What Can You Use iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) for?

ITOTon is pegged to the iShares Core S&P Total US Stock Market ETF (ITOT).

1. Value retention: The asset allows users to hold a digital, on-chain representation of the iShares Core S&P Total US Stock Market ETF, which may reduce exposure to the inherent volatility of the broader cryptocurrency market by anchoring value to traditional equities.
2. Yield generation: Users may access native yield through the automatic reinvestment of dividends from the underlying ETF into the token's value. The source does not specify additional sovereign debt or Treasury-related yield for this specific equity-backed product.
3. Cross-border settlement / value transfer: ITOTon enables the global transfer of U.S. equity market value, facilitating frictionless cross-border movement of exposure to the S&P Total Market Index as supported by the Ondo Finance platform.
4. Collateralization: The token can be used as backing for borrowing and lending protocols within the DeFi ecosystem, allowing users to leverage their equity exposure as collateral for other digital assets.

How Does iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) Work?

ITOTon operates through a process known as tokenization, where a regulated entity holds the underlying iShares ETF shares in custody and issues corresponding tokens on a blockchain. This mechanism ensures that each token is backed by a specific quantity of the underlying asset. The protocol utilizes smart contracts to manage the minting and redemption of tokens, ensuring that the supply of ITOTon remains aligned with the assets held in reserve.

Transactions involving ITOTon do not function as network gas. Instead, the token serves as an application utility token within the Ondo Global Markets framework. Users must pay standard network transaction fees in the native currency of the blockchain they are using (such as ETH on Ethereum or SOL on Solana) to move or interact with the token.

Team Info and Investors

ITOTon is a product of Ondo Finance, a decentralized finance protocol focused on bringing institutional-grade financial products to the blockchain. The project is led by a team with backgrounds in traditional finance and technology, including former employees of Goldman Sachs and other major financial institutions. Ondo Finance has received backing from prominent venture capital firms in the crypto space, though the specific investors for the ITOTon tokenized product are not individually listed in the available sources.

Where can you buy iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF)?

ITOTON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) is Ondo Global Markets, where the most active trading pair ITOTON/USDON has a trading volume of $12,865.83 in the last 24 hours. Other popular options include LBank and MEXC.

What is the daily trading volume of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON)?

The trading volume of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) is $655,392.24 in the last 24 hours, representing a 9.40% 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 iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON)?

iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) reached an all-time high of $169.35 and an all-time low of $138.57. It’s now trading -4.10% below that peak and 17.20% above its lowest price.

What is the market cap of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON)?

Market capitalization of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) is $12,245,697 and is ranked #1041 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ITOTON tokens (75 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON)?

The fully diluted valuation (FDV) of iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) is $12,245,697. This is a statistical representation of the maximum market cap, assuming total number of 75 Thousand ETH tokens are in circulation today.

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

With a price decline of -1.90% in the last 7 days, iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) is outperforming the global cryptocurrency market which is down -5.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) to MetaMask?

Adding iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) (ITOTON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ITOTON as a token. You can copy ITOTON’s contract address (0x0692481c369e2bdc728a69ae31b848343a4567be) and import it manually, or if you've installed MetaMask's chrome extension, add ITOTON to MetaMask with one click on CoinGecko.

Add ITOTON to MetaMask.