iShares MSCI EAFE ETF (Ondo Tokenized ETF)

EFAON Price

About iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAon)

iShares MSCI EAFE ETF (Ondo Tokenized ETF) is a tokenized financial instrument that provides investors with on-chain economic exposure to the iShares MSCI EAFE ETF, which tracks an index of large and mid-sized companies in developed markets outside the U.S. and Canada.

• The token enables 24/5 minting and redemption for non-U.S. retail and institutional users.
• It maintains a bankruptcy-remote structure with a security interest in the underlying collateral for tokenholder protection.
• Holders receive economic benefits similar to the underlying ETF, including the reinvestment of dividends into the asset value.

What Is iShares MSCI EAFE ETF (Ondo Tokenized ETF)

iShares MSCI EAFE ETF (Ondo Tokenized ETF) brings traditional tokenized exchange-traded fund (ETF) liquidity to the blockchain, allowing global investors to access diversified international equity markets. The token's value is designed to track the net asset value of the underlying iShares MSCI EAFE ETF (EFA), which includes shares from major corporations operating in economically advanced nations, excluding those in the United States and Canada.

Value moves through the system as the protocol's brokerage partner, Alpaca Securities LLC, purchases and holds the underlying ETF shares in a secure custody account. Users "put the token to work" by holding it to gain international market exposure or by utilizing it as collateral in supported decentralized finance protocols. As the Ondo Global Markets ecosystem grows, the asset scales by increasing the total value of tokenized Real World Assets (RWA) available for on-chain trading and settlement.

What Makes iShares MSCI EAFE ETF (Ondo Tokenized ETF) Unique

• 24/5 Accessibility: Unlike traditional stock markets that operate on restricted hours, EFAon can be minted or redeemed during most of the trading week with access to traditional exchange liquidity.
• Transparency: Ondo Finance provides daily and monthly attestation reports through external platforms to verify the backing and security of the tokenized shares.
• Institutional-Grade Infrastructure: The underlying brokerage and custody services are provided by regulated partners, ensuring that the asset-backed structure meets professional compliance standards.

What Can You Use iShares MSCI EAFE ETF (Ondo Tokenized ETF) for?

iShares MSCI EAFE ETF (Ondo Tokenized ETF) is pegged to the iShares MSCI EAFE ETF. Its primary use cases include:

1. Value retention: The asset allows users to hold an on-chain representation of the iShares MSCI EAFE ETF, providing a way to maintain exposure to developed international markets while staying within a digital asset environment and potentially reducing exposure to crypto-market volatility.
2. Yield generation: EFAon provides economic benefits through the automatic reinvestment of dividends from the underlying ETF into the token's value. Holders may also generate yield by providing liquidity or lending the tokens in decentralized protocols, as supported by the available ecosystem.
3. Cross-border settlement / value transfer: It facilitates the global transfer of developed-market equity exposure, allowing users to move value across borders without the traditional banking delays or geographic restrictions associated with legacy financial systems.
4. Collateralization: The token can be used as high-quality collateral in borrowing and lending protocols, enabling users to draw liquidity against their tokenized equity holdings without needing to liquidate their market position.

How Does iShares MSCI EAFE ETF (Ondo Tokenized ETF) Work?

iShares MSCI EAFE ETF (Ondo Tokenized ETF) is issued as a smart contract-based token on blockchains including Ethereum, Solana, and BNB Chain. Each token represents a specific fractional interest in shares of the underlying ETF held in a secure, bankruptcy-remote custody account. The technical mechanism ensures that the token remains asset-backed and that the economic value reflects the performance of the traditional market index.

Authorized participants can mint new tokens by depositing USDC or USDT, which the protocol uses to purchase the underlying ETF shares through its brokerage partner. Redemptions follow a similar process, where tokens are burned and the equivalent value is returned to the user in digital assets. This bridge between on-chain liquidity and traditional securities is managed through the Ondo Global Markets infrastructure.

Team Info and Investors

Ondo Finance, the developer of EFAon, is a decentralized finance protocol focused on bringing institutional-grade financial products to the blockchain. The project is led by a team with extensive backgrounds in traditional finance and technology. While the primary source does not specify individual founder names, Ondo Finance has documented backing from major venture capital firms and institutional investors within the digital asset space, supporting its development of real-world asset tokenization protocols.

Where can you buy iShares MSCI EAFE ETF (Ondo Tokenized ETF)?

EFAON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares MSCI EAFE ETF (Ondo Tokenized ETF) is LBank, where the most active trading pair EFAON/USDT has a trading volume of $383,010.37 in the last 24 hours. Other popular options include MEXC and Ondo Stocks.

What is the daily trading volume of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON)?

The trading volume of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) is $438,284.70 in the last 24 hours, representing a 2.40% 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 MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON)?

iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) reached an all-time high of $108.71 and an all-time low of $89.83. It’s now trading -1.00% below that peak and 19.90% above its lowest price.

What is the market cap of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON)?

Market capitalization of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) is $11,225,152 and is ranked #1062 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EFAON tokens (100 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON)?

The fully diluted valuation (FDV) of iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) is $11,225,152. This is a statistical representation of the maximum market cap, assuming total number of 100 Thousand ETH tokens are in circulation today.

How does the price performance of iShares MSCI EAFE ETF (Ondo Tokenized ETF) compare against its peers?

With a price increase of 2.00% in the last 7 days, iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) is outperforming the global cryptocurrency market which is down -0.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) to MetaMask?

Adding iShares MSCI EAFE ETF (Ondo Tokenized ETF) (EFAON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EFAON as a token. You can copy EFAON’s contract address (0x4111b60bc87f2bd1e81e783e271d7f0ec6ee088b) and import it manually, or if you've installed MetaMask's chrome extension, add EFAON to MetaMask with one click on CoinGecko.

Add EFAON to MetaMask.