iShares Russell 1000 Growth ETF (Ondo Tokenized ETF)

IWFON Price

About iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFon)

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) is a tokenized version of the iShares Russell 1000 Growth ETF, providing onchain economic exposure to a diversified portfolio of growth-oriented U.S. equities.

• Institutional-Grade Access: Enables non-U.S. investors to gain exposure to thousands of U.S. publicly traded securities through a blockchain-native format.
• Total-Return Tracking: Designed to reflect both the price movements and reinvested dividends of the underlying iShares Russell 1000 Growth ETF (IWF).
• 24/5 Liquidity: Supports instant minting and redemption for eligible users five days a week, inheriting liquidity from traditional financial markets.

What Is iShares Russell 1000 Growth ETF (Ondo Tokenized ETF)

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF), known by the ticker IWFon, is a digital asset representing the economic value of the iShares Russell 1000 Growth ETF (IWF). It is part of the Ondo Global Markets (Ondo GM) platform, which aims to bridge traditional public securities with the blockchain ecosystem. The token allows users to hold and trade a digital representation of a major U.S. growth index without the need for a traditional brokerage account.

The primary value proposition of IWFon is its role as a total-return tracker. When a user holds IWFon, they receive economic exposure similar to owning the underlying IWF shares, where any dividends distributed by the ETF are reinvested back into the tokenized position (net of applicable withholding taxes). This mechanism ensures that the token's value scales in tandem with the growth and income generation of the underlying equity basket.

What Makes iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) Unique

• Onchain Transferability: Unlike traditional ETF shares held in brokerage accounts, IWFon tokens are transferable across supported blockchains, including Ethereum, BNB Chain, and Solana, subject to jurisdictional restrictions.
• DeFi Compatibility: The token is designed to be usable within decentralized finance (DeFi) protocols, allowing holders to utilize their ETF exposure as collateral for lending or as a primitive for other financial applications.
• Inherited Liquidity: By enabling instant minting and redemption against the underlying asset, IWFon inherits the deep liquidity of traditional U.S. stock markets, which helps minimize slippage and price dislocations.
• Institutional Oversight: The asset is backed by physical securities and cash held with U.S. broker-dealers, with an independent Verification Agent reviewing the backing daily to ensure transparency.

What Can You Use iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) for?

• Diversified Growth Exposure: Users can gain exposure to a broad basket of large-cap U.S. growth stocks through a single onchain asset.
• Collateralization: IWFon can be used as collateral in supported DeFi lending protocols, enabling users to borrow against their tokenized ETF holdings.
• Onchain Portfolio Management: It serves as a building block for onchain investment portfolios, allowing for the integration of traditional equity exposure into digital asset strategies.
• Instant Settlement: The platform's 24/5 minting and redemption capability allows for faster settlement cycles compared to traditional brokerage environments.

How Does iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) Work?

IWFon operates through a secure tokenization framework managed by Ondo Global Markets. When an eligible user mints IWFon, the platform acquires the corresponding amount of the iShares Russell 1000 Growth ETF and holds it in a bankruptcy-remote legal structure. These underlying assets are kept with U.S.-registered custodial broker-dealers.

The system utilizes smart contracts to manage the issuance and redemption of tokens. An independent third-party security agent holds a first-priority, perfected security interest in the collateral to protect token holders. While the tokens themselves are not the underlying stocks or ETFs, they are designed to track the total return of the asset. Minting and redemption are generally available 24 hours a day, five days a week, aligning with traditional market hours.

Team Info and Investors

IWFon is a product of Ondo Finance, a protocol focused on bringing Real World Assets (RWA) to the blockchain. The project has established a broad ecosystem of integrations with various financial and technical partners. According to the source, the tokens are issued by Ondo Global Markets (BVI) Limited, with Ondo Finance Inc. providing asset tokenization services. Specific individual founders or early-stage venture capital funding rounds for this specific token were not detailed in the provided source material.

Where can you buy iShares Russell 1000 Growth ETF (Ondo Tokenized ETF)?

IWFON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) is Ondo Stocks, where the most active trading pair IWFON/USDON has a trading volume of $23.81 in the last 24 hours.

What is the daily trading volume of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON)?

The trading volume of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) is $55,412.44 in the last 24 hours, representing a -6.60% 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 Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON)?

iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) reached an all-time high of $537.58 and an all-time low of $407.37. It’s now trading -6.80% below that peak and 23.00% above its lowest price.

What is the market cap of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON)?

Market capitalization of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) is $9,504,211 and is ranked #1166 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IWFON tokens (19 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON)?

The fully diluted valuation (FDV) of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) is $9,504,211. This is a statistical representation of the maximum market cap, assuming total number of 19 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) compare against its peers?

With a price increase of 6.30% in the last 7 days, iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) is outperforming the global cryptocurrency market which is up 2.30%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) to MetaMask?

Adding iShares Russell 1000 Growth ETF (Ondo Tokenized ETF) (IWFON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IWFON as a token. You can copy IWFON’s contract address (0x8d05432c2786e3f93f1a9a62b9572dbf54f3ea06) and import it manually, or if you've installed MetaMask's chrome extension, add IWFON to MetaMask with one click on CoinGecko.

Add IWFON to MetaMask.