iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized)

GGOVON Price

About iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVon)

iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVon) is a tokenized financial instrument that provides on-chain economic exposure to the iShares Global Government Bond USD Hedged Active ETF.

• It enables non-US users to mint and redeem tokenized ETFs with 24/5 access to traditional exchange liquidity.
• The token is designed as a total-return tracker, reflecting both price movements and reinvested dividends of the underlying ETF.
• GGOVon is fully backed by the corresponding ETF held with US-registered custodial broker-dealers.

What Is iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized)

iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) is a digital representation of a traditional exchange-traded fund (ETF) brought on-chain via the Ondo Finance Global Markets platform. It aims to bridge the gap between traditional finance and the decentralized economy by making public securities transferable and usable within DeFi protocols.

Value moves through the system via a minting and redemption process that allows eligible investors to swap stablecoins or fiat for GGOVon tokens. The token is 'put to work' as a yield-bearing instrument that can be integrated into various decentralized applications for lending, collateralization, or automated portfolio management. As the ecosystem grows, the protocol scales by expanding the variety of tokenized assets and increasing cross-chain availability.

What Makes iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) Unique

• 24/5 Instant Liquidity: Unlike traditional brokerage accounts, GGOVon supports instant minting and redemption five days a week, Sunday through Friday.
• Inherited Liquidity: The token leverages the deep liquidity of traditional equity markets, allowing for large-scale transactions without the need for massive on-chain liquidity pools.
• Institutional-Grade Security: Assets are secured by US stocks, ETFs, and cash held with US broker-dealers, with an independent security agent holding a first-priority interest for token holders.
• Total-Return Tracking: The mechanism automatically reinvests dividends (net of withholdings) into the underlying asset, ensuring the token reflects the full economic performance of the ETF.

What Can You Use iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) for?

The pegged asset for this token is the iShares Global Government Bond USD Hedged Active ETF.

1. Value retention: The asset allows users to hold a digital, on-chain representation of the iShares Global Government Bond USD Hedged Active ETF, potentially reducing exposure to the higher volatility associated with the broader cryptocurrency market.
2. Yield generation: GGOVon provides native yield by reflecting the reinvested dividends and interest payments generated by the underlying global government bond ETF.
3. Cross-border settlement / value transfer: It enables the international transfer of the ETF's economic value across supported blockchains, facilitating global access to traditional financial instruments.
4. Collateralization: The token is designed for use as backing in borrowing and lending protocols or as margin for decentralized derivatives, provided the specific protocol supports Real World Assets.

How Does iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) Work?

iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) operates through a bankruptcy-remote legal structure where the tokens are issued by Ondo Global Markets (BVI) Limited. When a user mints GGOVon, the issuer purchases the corresponding shares of the iShares Global Government Bond USD Hedged Active ETF through a US-registered custodial broker-dealer. The platform uses a total-return tracking mechanism where the value of reinvested dividends is reflected in the token's price relative to the underlying shares.

The system is monitored by an independent Verification Agent who reviews the backing daily to ensure transparency. It is available across multiple networks, including Ethereum, BNB Chain, and Solana, allowing for seamless integration into various blockchain ecosystems.

Team Info and Investors

The token is issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. Ondo Finance Inc., a US-based corporation, provides the underlying tokenization services and technical infrastructure. The project is led by a team with backgrounds in both traditional finance and blockchain technology, including former executives from major asset management firms. While the specific early backing for GGOVon is not detailed in the source material, the broader Ondo ecosystem has established partnerships with various institutional service providers and custodial broker-dealers.

Where can you buy iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized)?

GGOVON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair GGOVON/USDON has a trading volume of $49.83 in the last 24 hours.

What is the daily trading volume of iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON)?

The trading volume of iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) is $49.83 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 Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON)?

iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) reached an all-time high of $50.25 and an all-time low of $50.09. It’s now trading -0.20% below that peak and 0.10% above its lowest price.

What is the market cap of iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON)?

Market capitalization of iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) is $159.39 and is ranked #12571 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GGOVON tokens (3.2 tokens are tradable on the market today).

What is the fully diluted valuation of iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON)?

The fully diluted valuation (FDV) of iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) is $159.39. 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 Global Government Bond USD Hedged Active ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.00% in the last 7 days, iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) is outperforming the global cryptocurrency market which is down -2.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) to MetaMask?

Adding iShares Global Government Bond USD Hedged Active ETF (Ondo Tokenized) (GGOVON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import GGOVON as a token. You can copy GGOVON’s contract address (0xfbd7880ebc5c2b1b871a8ce188c05311015139f4) and import it manually, or if you've installed MetaMask's chrome extension, add GGOVON to MetaMask with one click on CoinGecko.

Add GGOVON to MetaMask.