iShares Flexible Income Active ETF (Ondo Tokenized ETF)

BINCON Price

About iShares Flexible Income Active ETF (Ondo Tokenized ETF) (bincon)

iShares Flexible Income Active ETF (Ondo Tokenized ETF) is a digital asset that provides investors with on-chain economic exposure to the iShares Flexible Income Active ETF (BINC) traded on the NASDAQ.

• The token enables non-US investors to access traditional exchange-traded fund (ETF) liquidity through a blockchain-based instrument.
• Each token is backed 1:1 by shares of the underlying ETF held in regulated brokerage accounts.
• The asset bridges traditional finance and decentralized ecosystems by allowing for 24/5 trading and 24/7 peer-to-peer transfers.

What Is iShares Flexible Income Active ETF (Ondo Tokenized ETF)

iShares Flexible Income Active ETF (Ondo Tokenized ETF), also known as BINCON, is a tokenized representation of BlackRock’s BINC ETF, issued by Ondo Finance. The primary value proposition is to provide global, fractional access to a diversified portfolio of fixed-income instruments without the geographical and operational constraints of traditional brokerage systems.

Value moves through the system as the token price tracks the net asset value (NAV) of the underlying BINC ETF. Investors put the token to work by holding it to gain exposure to the yield and price performance of the underlying bond portfolio, which includes high-yield, emerging market, and multisector fixed-income assets. As the Real World Assets (RWA) ecosystem grows, the utility of BINCON scales through its integration into various decentralized finance protocols, allowing users to earn yield or use the asset as collateral.

What Makes iShares Flexible Income Active ETF (Ondo Tokenized ETF) Unique

• 24/5 Trading Liquidity: Unlike traditional ETFs that are limited to exchange hours, BINCON can be minted and redeemed 24 hours a day, five days a week, providing continuous access to traditional market liquidity.
• Global Accessibility: It allows non-US retail and institutional investors to gain exposure to US-listed fixed-income products that might otherwise be difficult to access.
• Transparency and Security: The asset uses smart contracts to manage the issuance and redemption process, with underlying assets held by regulated custodians like Alpaca Securities LLC.
• Dividends and Yield: Tokenholders receive economic exposure similar to holding the physical ETF, including the reinvestment of any dividends generated by the underlying assets.

What Can You Use iShares Flexible Income Active ETF (Ondo Tokenized ETF) for?

iShares Flexible Income Active ETF (Ondo Tokenized ETF) is pegged to the iShares Flexible Income Active ETF (BINC).

1. Value retention: The asset allows users to hold a digital, on-chain representation of the iShares Flexible Income Active ETF, providing a way to maintain exposure to a diversified fixed-income portfolio while reducing exposure to the high volatility of the broader cryptocurrency market.
2. Yield generation: Tokenholders can access native yield through the performance and dividend distributions of the underlying BINC ETF. Additionally, the asset can be used in decentralized lending and liquidity-provisioning protocols to generate additional returns beyond the underlying fund's performance.
3. Cross-border settlement / value transfer: BINCON enables the international transfer of iShares Flexible Income Active ETF value 24/7. Peer-to-peer transfers are near-instant and borderless, making it a tool for global value movement.
4. Collateralization: The token can be used as backing for borrowing and lending protocols, allowing users to secure loans against their fixed-income holdings or use it as margin for on-chain derivatives.

How Does iShares Flexible Income Active ETF (Ondo Tokenized ETF) Work?

The asset operates through a process called tokenization, where ownership rights to the underlying ETF are recorded on a blockchain. When a user mints BINCON, the issuer, Ondo Global Markets (BVI) Limited, purchases an equivalent amount of BINC ETF shares through a regulated broker-dealer. These shares are then held in a dedicated account to ensure a 1:1 backing.

Transactions and redemptions are governed by smart contracts that automate the verification and settlement process. To maintain compliance, users must complete a Know Your Customer (KYC) and Anti-Money Laundering (AML) process before they can interact with the primary minting and redemption functions. Once issued, the tokens can be transferred freely between verified wallets on networks such as Ethereum, BNB Chain, and Solana.

Team Info and Investors

iShares Flexible Income Active ETF (Ondo Tokenized ETF) is a product of Ondo Finance, a 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 early backing from prominent investors in the crypto space, including Founders Fund, Pantera Capital, and Coinbase Ventures. The project is governed through a structure that emphasizes regulatory compliance and transparency, utilizing third-party audits and regulated custodians to manage the underlying real-world assets.

Where can you buy iShares Flexible Income Active ETF (Ondo Tokenized ETF)?

BINCON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Flexible Income Active ETF (Ondo Tokenized ETF) is Ondo Stocks, where the most active trading pair BINCON/USDON has a trading volume of $16,944.69 in the last 24 hours.

What is the daily trading volume of iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON)?

The trading volume of iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) is $16,945.76 in the last 24 hours, representing a 8,439.30% 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 Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON)?

iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) reached an all-time high of $57.91 and an all-time low of $49.40. It’s now trading -9.70% below that peak and 5.80% above its lowest price.

What is the market cap of iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON)?

Market capitalization of iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) is $585,561 and is ranked #3480 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BINCON tokens (11 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON)?

The fully diluted valuation (FDV) of iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) is $585,561. This is a statistical representation of the maximum market cap, assuming total number of 11 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Flexible Income Active ETF (Ondo Tokenized ETF) compare against its peers?

With a price decline of -1.10% in the last 7 days, iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) is outperforming the global cryptocurrency market which is down -1.20%, while outperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -3.10%.

How to add iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) to MetaMask?

Adding iShares Flexible Income Active ETF (Ondo Tokenized ETF) (BINCON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BINCON as a token. You can copy BINCON’s contract address (0x88703c1e71f44a2d329c99e8e112f7a4e7dd6312) and import it manually, or if you've installed MetaMask's chrome extension, add BINCON to MetaMask with one click on CoinGecko.

Add BINCON to MetaMask.