iShares Floating Rate Loan Active ETF (Ondo Tokenized)

BRLNON Price

About iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON)

iShares Floating Rate Loan Active ETF (Ondo Tokenized) is a digital asset that provides on-chain economic exposure to the performance of the iShares Floating Rate Loan Active ETF (BRLN).

• The token enables non-US investors to gain exposure to traditional US public securities through blockchain technology.
• BRLNON functions as a total-return tracker, reflecting both the price movements and the reinvested dividends of the underlying ETF.
• Holders can mint and redeem the token 24 hours a day, five days a week, utilizing traditional exchange liquidity.

What Is iShares Floating Rate Loan Active ETF (Ondo Tokenized)

iShares Floating Rate Loan Active ETF (Ondo Tokenized) is part of the Ondo Global Markets platform, which tokenizes traditional public securities to make them accessible within the digital asset ecosystem. The primary value proposition is bridging the gap between institutional-grade finance and Decentralized Finance (DeFi) by allowing users to hold and trade US-regulated financial products on-chain.

Value moves through the system via a minting and redemption process that connects blockchain-based tokens to the underlying ETF shares held by US broker-dealers. The token is put to work by providing holders with economic benefits identical to owning the physical ETF, including dividend reinvestment net of withholding taxes. This mechanism scales as the Ondo Global Markets ecosystem grows, allowing for a broader range of Real World Assets (RWA) to be utilized across various blockchain networks.

What Makes iShares Floating Rate Loan Active ETF (Ondo Tokenized) Unique

• 24/5 Accessibility: Unlike traditional brokerage accounts, the platform allows for instant minting and redemption of Tokenized Stock assets during the majority of the work week.
• Total Return Tracking: The token is designed to mirror the total return of BRLN, ensuring that interest and dividends are automatically accounted for in the token's value.
• Transparency and Security: All holdings are maintained with US-registered custodial broker-dealers, and an independent Verification Agent reviews the asset backing on a daily basis.
• Bankruptcy-Remote Legal Structure: The legal framework is designed to maximize bankruptcy remoteness, providing a layer of protection for token holders by ensuring a first-priority security interest in the collateral.

What Can You Use iShares Floating Rate Loan Active ETF (Ondo Tokenized) for?

• Portfolio Diversification: Investors can use BRLNON to add exposure to floating rate loans, which typically perform differently than fixed-rate bonds in changing interest rate environments.
• DeFi Collateral: The token is designed to be compatible with decentralized protocols, allowing it to be used as collateral for lending or as margin for derivative platforms.
• Peer-to-Peer Transferability: Holders can transfer BRLNON directly between wallets 24/7, enabling global value transfer of traditional financial instruments without intermediaries.
• Liquidity Management: Users can redeem the token for stablecoins based on the cash value of the underlying asset at the time of the trade.

How Does iShares Floating Rate Loan Active ETF (Ondo Tokenized) Work?

iShares Floating Rate Loan Active ETF (Ondo Tokenized) operates as a bridge between traditional markets and blockchain infrastructure. When a user mints BRLNON, the platform facilitates the purchase of the equivalent value in the underlying iShares ETF. These shares are held in custody by regulated US broker-dealers. The token itself is issued on multiple networks, including Ethereum, BNB Chain, and Solana.

Transaction fees for interacting with the token on-chain are paid as protocol service fees or standard network fees, depending on the specific application or platform being used. The system employs a Security Agent to ensure token holder rights are enforced and a Verification Agent to confirm that every token in circulation is fully backed by the corresponding securities and cash.

Team Info and Investors

The token is issued by Ondo Global Markets (BVI) Limited, an affiliate of Ondo Finance. Ondo Finance is led by a team with backgrounds in traditional finance and technology, recently hiring former executives from major asset managers like Invesco to expand its on-chain investment products. The project has established integrations and partnerships with various industry leaders, including BitGo, Fireblocks, and Chainlink, to support its security and infrastructure needs. Governance and operational oversight are handled through a combination of traditional legal structures and blockchain-based transparency tools.

Where can you buy iShares Floating Rate Loan Active ETF (Ondo Tokenized)?

BRLNON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Floating Rate Loan Active ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair BRLNON/USDON has a trading volume of $49.94 in the last 24 hours.

What is the daily trading volume of iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON)?

The trading volume of iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) is $49.94 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 iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON)?

iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) reached an all-time high of $51.14 and an all-time low of $49.83. It’s now trading -0.20% below that peak and 2.40% above its lowest price.

What is the market cap of iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON)?

Market capitalization of iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) is $159.48 and is ranked #12574 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BRLNON tokens (3.1 tokens are tradable on the market today).

What is the fully diluted valuation of iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON)?

The fully diluted valuation (FDV) of iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) is $159.48. This is a statistical representation of the maximum market cap, assuming total number of 3 ETH tokens are in circulation today.

How does the price performance of iShares Floating Rate Loan Active ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.00% in the last 7 days, iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) is outperforming the global cryptocurrency market which is down -0.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) to MetaMask?

Adding iShares Floating Rate Loan Active ETF (Ondo Tokenized) (BRLNON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BRLNON as a token. You can copy BRLNON’s contract address (0xfcba0eebbb946ff933c91d2ddb2991845a400f39) and import it manually, or if you've installed MetaMask's chrome extension, add BRLNON to MetaMask with one click on CoinGecko.

Add BRLNON to MetaMask.