iShares Gold Trust (Ondo Tokenized Stock)

IAUON Price

About iShares Gold Trust (Ondo Tokenized Stock) (IAUON)

iShares Gold Trust (Ondo Tokenized Stock) is a digital asset that provides on-chain economic exposure to physical gold by tokenizing shares of the iShares Gold Trust (IAU) ETF.

• Enables instant minting and redemption of gold-backed tokens for non-US retail and institutional users 24 hours a day, five days a week.
• Operates as a total-return tracker, mirroring both the price movements and the reinvested dividends of the underlying IAU shares.
• Features a bankruptcy-remote legal structure designed to protect token holders through a first-priority security interest in the underlying collateral.

What Is iShares Gold Trust (Ondo Tokenized Stock)

iShares Gold Trust (Ondo Tokenized Stock) is a tokenized security issued through the Ondo Global Markets platform. It is designed to bridge traditional financial markets and decentralized finance by bringing the liquidity and accessibility of the iShares Gold Trust (IAU) ETF onto the blockchain. The project targets non-US investors who seek to hold and trade gold-backed assets with the efficiency of digital tokens.

Value in the system is derived directly from the underlying IAU shares, which track the market price of gold. Each IAUon token represents exactly one share of the IAU ETF. The token is put to work by allowing users to maintain gold exposure within a digital wallet, enabling it to be used across various decentralized protocols for financial activities. As the ecosystem grows, the platform scales by utilizing traditional exchange liquidity to facilitate instant minting and redemptions, ensuring the token price remains aligned with the underlying asset.

What Makes iShares Gold Trust (Ondo Tokenized Stock) Unique

• Extended Market Access: Unlike traditional ETFs that only trade during exchange hours, IAUon supports minting and redemption 24 hours a day, five days a week, with peer-to-peer trading available 24/7.
• Total Return Mechanism: The token is designed to reinvest dividends (net of withholding taxes) back into the underlying asset, providing holders with economic performance that includes both price appreciation and yield.
• Institutional-Grade Security: The asset uses a bankruptcy-remote structure where the underlying securities are held by US-registered custodial broker-dealers, such as Alpaca Securities LLC.
• Daily Transparency: An independent verification agent reviews the asset backing on a daily basis, and attestation reports are made available to the public to ensure the tokens are fully collateralized.

What Can You Use iShares Gold Trust (Ondo Tokenized Stock) for?

As a tokenized representation of physical gold, IAUon serves several primary functions for its holders:

1. Value retention: The asset allows users to hold a digital, on-chain representation of physical gold, which may reduce exposure to the volatility typically associated with the broader cryptocurrency market.
2. Yield generation: Holders receive economic exposure similar to holding the underlying IAU ETF and reinvesting any dividends or interest. This total-return tracking ensures that the token's value reflects both the gold price and reinvested distributions.
3. Cross-border settlement / value transfer: IAUon enables the frictionless cross-border transfer of physical gold value across supported blockchains, facilitating international remittances or global trade settlement without the delays of traditional banking systems.
4. Collateralization: The token is designed to be compatible with decentralized finance protocols, allowing it to be used as backing for borrowing and lending platforms or as margin for derivatives.

How Does iShares Gold Trust (Ondo Tokenized Stock) Work?

iShares Gold Trust (Ondo Tokenized Stock) functions through a process called tokenization, where traditional securities are represented as digital assets on a blockchain. The tokens are issued by Ondo Global Markets (BVI) Limited. When a user mints IAUon, the issuer acquires the equivalent amount of IAU shares through US broker-dealers. These shares are then held in custody to back the tokens 1:1.

Technically, IAUon is an application utility token that operates on multiple networks, including Ethereum and Solana. It does not serve as a network gas token; instead, transactions involving IAUon incur protocol service fees for minting and redemption, in addition to the standard transaction fees of the host blockchain. The system employs a security agent who holds a perfected security interest in the collateral on behalf of the token holders, ensuring that the assets remain protected and accessible for redemption even in the event of issuer insolvency.

Team Info and Investors

The token is issued by Ondo Global Markets (BVI) Limited, with Ondo Finance Inc. providing the necessary tokenization services and infrastructure. The project is led by a team with backgrounds in traditional finance and blockchain technology, focusing on the integration of real world assets (RWA) into the digital economy. Key partners supporting the ecosystem include Alpaca Securities LLC, which provides brokerage services for the underlying securities, as well as various institutional infrastructure providers like BitGo and Fireblocks for asset security and custody management.

Where can you buy iShares Gold Trust (Ondo Tokenized Stock)?

IAUON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Gold Trust (Ondo Tokenized Stock) is Gate, where the most active trading pair IAUON/USDT has a trading volume of $138,532.60 in the last 24 hours. Other popular options include LBank and MEXC.

What is the daily trading volume of iShares Gold Trust (Ondo Tokenized Stock) (IAUON)?

The trading volume of iShares Gold Trust (Ondo Tokenized Stock) (IAUON) is $618,440.02 in the last 24 hours, representing a 46.50% 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 Gold Trust (Ondo Tokenized Stock) (IAUON)?

iShares Gold Trust (Ondo Tokenized Stock) (IAUON) reached an all-time high of $393.76 and an all-time low of $41.60. It’s now trading -80.70% below that peak and 82.40% above its lowest price.

What is the market cap of iShares Gold Trust (Ondo Tokenized Stock) (IAUON)?

Market capitalization of iShares Gold Trust (Ondo Tokenized Stock) (IAUON) is $12,153,004 and is ranked #1028 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IAUON tokens (160 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Gold Trust (Ondo Tokenized Stock) (IAUON)?

The fully diluted valuation (FDV) of iShares Gold Trust (Ondo Tokenized Stock) (IAUON) is $12,153,004. This is a statistical representation of the maximum market cap, assuming total number of 160 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Gold Trust (Ondo Tokenized Stock) compare against its peers?

With a price increase of 1.10% in the last 7 days, iShares Gold Trust (Ondo Tokenized Stock) (IAUON) is outperforming the global cryptocurrency market which is up 0.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Gold Trust (Ondo Tokenized Stock) (IAUON) to MetaMask?

Adding iShares Gold Trust (Ondo Tokenized Stock) (IAUON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IAUON as a token. You can copy IAUON’s contract address (0x4f0ca3df1c2e6b943cf82e649d576ffe7b2fabcf) and import it manually, or if you've installed MetaMask's chrome extension, add IAUON to MetaMask with one click on CoinGecko.

Add IAUON to MetaMask.