iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF)

EEMON Price

About iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON)

EEMon is a tokenized version of the iShares MSCI Emerging Markets ETF (EEM), providing on-chain economic exposure to a basket of large and medium-sized company stocks in emerging markets.

• Tokenholders receive economic exposure similar to holding the underlying EEM shares, including the reinvestment of dividends.
• The asset is issued by Ondo Global Markets and enables non-US users to mint and redeem tokenized ETFs 24 hours a day.
• EEMon is structured to be bankruptcy-remote and features daily attestation reports to ensure transparency and security for holders.

What Is iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF)

EEMon is a digital representation of the iShares MSCI Emerging Markets ETF, an exchange-traded fund that tracks an index of companies in emerging economies. By tokenizing this asset, Ondo Finance brings traditional equity market exposure to blockchain networks, allowing users to interact with these assets within decentralized finance ecosystems.

Value moves through the system by tracking the price of the underlying EEM shares. Each EEMon token represents a specific number of shares, such as the 1.0137 EEM shares per token specified in official documentation. The token is put to work by being used as collateral in lending protocols, for cross-border value transfer, or as a method to hold diversified emerging market equity exposure on-chain. This model scales by integrating with various blockchain networks, including Ethereum, Solana, and BNB Chain, thereby expanding the liquidity available to global investors.

What Makes iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) Unique

• 24/7 Availability: Unlike traditional markets, Ondo Global Markets allows for the minting and redemption of tokenized ETFs across different time zones, subject to specific session limits.
• Bankruptcy Remoteness: The asset is structured so that the collateral is held independently, protecting tokenholders in the event of the issuer's insolvency.
• On-chain Transparency: Ondo provides daily and monthly attestation reports to verify the backing of the tokenized assets, ensuring institutional-grade reporting standards.
• Direct Equity Exposure: EEMon provides a direct link between on-chain tokens and the economic performance of traditional iShares ETFs, bridging the gap between Real World Assets (RWA) and blockchain technology.

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

1. Value retention: EEMon allows users to hold a digital, on-chain representation of the iShares MSCI Emerging Markets ETF (EEM), enabling them to maintain exposure to emerging market equities while potentially reducing exposure to crypto-specific market volatility.
2. Yield generation: Tokenholders receive economic exposure similar to holding EEM and reinvesting any dividends. While specific native yield protocols are not detailed for EEMon in the source, it can be used in decentralized lending or liquidity provisioning where supported by the ecosystem.
3. Cross-border settlement / value transfer: EEMon can be used for international value transfer, allowing users to move the value of an emerging markets equity basket globally and frictionlessly across supported blockchain networks.
4. Collateralization: EEMon is designed for use as backing for borrowing and lending protocols or as margin for derivatives, providing a regulated-asset-backed collateral option for on-chain finance.

How Does iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) Work?

EEMon operates as a tokenized financial instrument where the issuer, Ondo Global Markets, holds the underlying iShares MSCI Emerging Markets ETF shares through a specialized brokerage, Alpaca Securities LLC. When a user mints EEMon, they deposit stablecoins such as USDC or USDT, which are utilized to purchase the underlying ETF shares. Conversely, the redemption process involves burning the tokens to receive the corresponding value of the underlying assets.

As an application utility token, EEMon does not function as network gas. Transaction fees on the underlying blockchains are paid in the network's native currency, such as ETH or SOL. The token itself serves as a digital claim on the underlying equity assets held in custody.

Team Info and Investors

EEMon is issued by Ondo Global Markets, a subsidiary of Ondo Finance. The organization was founded by former Goldman Sachs employees and focuses on bridging traditional finance with blockchain technology through institutional-grade products. While Ondo Finance has received backing from prominent venture capital firms, the source does not list specific investors unique to the EEMon tokenization project.

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

EEMON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) is Ondo Stocks, where the most active trading pair EEMON/USDON has a trading volume of $47.27 in the last 24 hours.

What is the daily trading volume of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON)?

The trading volume of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) is $47.28 in the last 24 hours, representing a -93.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON)?

iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) reached an all-time high of $77.32 and an all-time low of $49.55. It’s now trading -17.40% below that peak and 28.80% above its lowest price.

What is the market cap of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON)?

Market capitalization of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) is $7,123,194 and is ranked #1446 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EEMON tokens (110 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON)?

The fully diluted valuation (FDV) of iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) is $7,123,194. This is a statistical representation of the maximum market cap, assuming total number of 110 Thousand ETH tokens are in circulation today.

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

With a price decline of -5.50% in the last 7 days, iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) is underperforming the global cryptocurrency market which is down -1.00%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -1.50%.

How to add iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) to MetaMask?

Adding iShares MSCI Emerging Markets ETF (Ondo Tokenized ETF) (EEMON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import EEMON as a token. You can copy EEMON’s contract address (0x77a1a02e4a888ada8620b93c30de8a41e621126c) and import it manually, or if you've installed MetaMask's chrome extension, add EEMON to MetaMask with one click on CoinGecko.

Add EEMON to MetaMask.