iShares Russell 2000 ETF (Ondo Tokenized ETF)

IWMON Price

About iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON)

iShares Russell 2000 ETF (Ondo Tokenized ETF) is a digital representation of the iShares Russell 2000 ETF, providing on-chain economic exposure to a diversified basket of smaller-capitalization U.S. common stocks.

• The token is designed to replicate the investment returns of the iShares Russell 2000 ETF (IWM) while automatically reinvesting any dividends.
• It allows non-U.S. retail and institutional investors to mint and redeem tokenized exchange-traded funds with access to traditional market liquidity.
• The asset is structured as a bankruptcy-remote vehicle with daily and monthly attestation reports to ensure transparency and security.

What Is iShares Russell 2000 ETF (Ondo Tokenized ETF)

iShares Russell 2000 ETF (Ondo Tokenized ETF) provides global access to the U.S. small-cap equity market through a tokenized vehicle. It serves as a bridge between traditional financial markets and the decentralized ecosystem, allowing users to hold and trade equity exposure without leaving the blockchain.

Value moves through the system via the issuance and redemption of IWMON tokens. Users swap USDC for tokens that represent a specific number of shares in the underlying IWM ETF. This mechanism ensures that the on-chain token maintains a value closely correlated with the net asset value of the actual ETF shares held in custody.

The token is put to work as a digital financial instrument that tracks the price performance and dividends of the underlying ETF. It can be integrated into decentralized finance protocols, where it may serve as a yield-bearing asset or a source of diversified collateral. As the ecosystem grows, the protocol scales by expanding its cross-chain presence and increasing the depth of its liquidity pools.

What Makes iShares Russell 2000 ETF (Ondo Tokenized ETF) Unique

• Extended Market Access: The platform enables near-continuous trading and settlement of traditional equity exposure, including pre-market and overnight sessions, which are typically restricted in conventional brokerage environments.
• Institutional-Grade Structure: The asset utilizes a bankruptcy-remote legal structure, ensuring that the underlying collateral is protected from the financial liabilities of the issuer.
• Multi-Chain Compatibility: IWMON is deployed across Ethereum, BNB Chain, and Solana, facilitating broad accessibility and integration with various blockchain-based financial services.

What Can You Use iShares Russell 2000 ETF (Ondo Tokenized ETF) for?

• Diversified Equity Exposure: Gain exposure to approximately 2,000 small-cap U.S. companies through a single on-chain asset, simplifying the process of portfolio diversification.
• Automatic Dividend Reinvestment: Benefit from the automatic reinvestment of dividends generated by the underlying IWM ETF shares, which is reflected in the token's value or quantity.
• On-Chain Collateralization: Use tokenized equity as collateral within supported decentralized finance applications for borrowing or lending, potentially increasing capital efficiency.

How Does iShares Russell 2000 ETF (Ondo Tokenized ETF) Work?

Ondo Global Markets utilizes a tokenization protocol to issue digital assets backed by shares of the iShares Russell 2000 ETF held in custody. This process involves converting the ownership rights of traditional securities into digital tokens recorded on a blockchain.

Users can mint new tokens or redeem existing ones using USDC, with brokerage services provided by regulated entities such as Alpaca Securities LLC. This ensures that every IWMON token in circulation is fully backed by the corresponding underlying shares.

As an application utility token, IWMON facilitates access to Real World Assets (RWA) within the crypto ecosystem. Transaction costs associated with interacting with the Ondo platform are handled as protocol service fees rather than network gas, which is the native asset used to power the underlying blockchain.

Team Info and Investors

Developed by Ondo Finance, the project is part of a broader mission to bridge traditional finance and decentralized finance through real-world asset tokenization. Ondo Finance is a protocol focused on creating institutional-grade financial products that are accessible on-chain.

The project operates under the Ondo Global Markets framework, which includes legal protections and regulatory compliance measures specifically tailored for non-U.S. participants. This framework includes daily and monthly attestations provided by third-party services to verify the existence and value of the underlying collateral.

While specific early venture backing for the IWMON token itself is not detailed in available sources, Ondo Finance has established itself as a significant player in the RWA sector through various institutional partnerships and a track record of launching tokenized treasury and money market products.

Where can you buy iShares Russell 2000 ETF (Ondo Tokenized ETF)?

IWMON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Russell 2000 ETF (Ondo Tokenized ETF) is Ondo Stocks, where the most active trading pair IWMON/USDON has a trading volume of $1,215.11 in the last 24 hours.

What is the daily trading volume of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON)?

The trading volume of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) is $63,468.38 in the last 24 hours, representing a 0.30% 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 Russell 2000 ETF (Ondo Tokenized ETF) (IWMON)?

iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) reached an all-time high of $302.94 and an all-time low of $228.45. It’s now trading -1.00% below that peak and 31.30% above its lowest price.

What is the market cap of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON)?

Market capitalization of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) is $3,484,706 and is ranked #1693 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IWMON tokens (12 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON)?

The fully diluted valuation (FDV) of iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) is $3,484,706. This is a statistical representation of the maximum market cap, assuming total number of 12 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Russell 2000 ETF (Ondo Tokenized ETF) compare against its peers?

With a price increase of 0.80% in the last 7 days, iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) is outperforming the global cryptocurrency market which is down -1.30%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) to MetaMask?

Adding iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IWMON as a token. You can copy IWMON’s contract address (0x070d79021dd7e841123cb0cf554993bf683c511d) and import it manually, or if you've installed MetaMask's chrome extension, add IWMON to MetaMask with one click on CoinGecko.

Add IWMON to MetaMask.