iShares US Technology ETF (Ondo Tokenized)

IYWON Price

About iShares US Technology ETF (Ondo Tokenized) (IYWon)

iShares US Technology ETF (Ondo Tokenized) is a digital representation of the iShares US Technology ETF (IYW), providing holders with economic exposure to the performance of US technology stocks on the blockchain.

• The token is designed to track the total return of the underlying IYW ETF, including price movements and reinvested dividends.
• IYWon is part of the Ondo Global Markets platform, which enables instant minting and redemption of tokenized securities for non-US retail and institutional users.
• The asset is issued as a transferable token usable across various decentralized finance (DeFi) protocols for lending, collateralization, and yield generation.

What Is iShares US Technology ETF (Ondo Tokenized)

iShares US Technology ETF (Ondo Tokenized) is a financial instrument that brings the value of traditional public securities on-chain. It specifically mirrors the iShares US Technology ETF, an exchange-traded fund that tracks the investment results of an index composed of US equities in the technology sector. Through tokenization, the asset allows value to move from traditional markets into the blockchain ecosystem, where it can be utilized in various decentralized applications.

The token is put to work by providing holders with a way to gain exposure to the technology sector without needing a traditional brokerage account. Users can mint tokens using stablecoins and redeem them for the underlying asset's cash value. As the ecosystem grows, the integration of such tokenized Real World Assets (RWA) into DeFi protocols scales the utility of traditional securities, allowing them to serve as collateral or liquidity in a permissionless environment.

What Makes iShares US Technology ETF (Ondo Tokenized) Unique

• Total-Return Tracking: Unlike tokens that only track price, IYWon reflects both price appreciation and reinvested dividends (net of withholding tax), mirroring the full economic performance of the real-world asset.
• Traditional Liquidity Access: The platform inherits liquidity from traditional exchanges through instant minting and redemption mechanisms, reducing slippage and price dislocations.
• 24/5 Availability: While traditional markets have strict hours, the minting and redemption of IYWon is generally available 24 hours a day, five days a week, with peer-to-peer trading possible 24/7.
• Regulatory Compliance: The asset is issued using a bankruptcy-remote legal structure and is designed with built-in investor protections, including oversight by an independent third-party security agent.

What Can You Use iShares US Technology ETF (Ondo Tokenized) for?

• Economic Exposure: Gain direct exposure to the US technology sector, including performance from major tech companies, through a blockchain-native asset.
• DeFi Collateral: Use IYWon as collateral in decentralized lending and borrowing protocols, enabling users to leverage their tech sector holdings.
• Liquidity Provisioning: Provide liquidity in decentralized exchanges or yield-generating pools that support tokenized real-world assets.
• Cross-Border Settlement: Transfer technology sector value globally and instantly across supported blockchains like Ethereum, Solana, and BNB Chain.

How Does iShares US Technology ETF (Ondo Tokenized) Work?

iShares US Technology ETF (Ondo Tokenized) operates through the Ondo Global Markets infrastructure. When a user mints a token, the platform or its partners purchase the corresponding amount of the underlying iShares US Technology ETF (IYW) in traditional markets. These securities are held with US-registered custodial broker-dealers, such as Alpaca Securities.

The technical mechanism ensures that the token remains fully backed by the underlying ETF and cash. A security agent holds a first-priority security interest in the collateral to protect token holders. The platform uses APIs and SDKs to allow developers to integrate these tokenized stocks into their own financial applications. As a tokenized asset on public blockchains, it follows standard token protocols, but its transaction fees are paid in the native network gas of the blockchain it resides on, rather than the token itself.

Team Info and Investors

The project is developed by Ondo Finance, a company focused on bringing institutional-grade financial products on-chain. The team includes professionals with backgrounds in both traditional finance and blockchain technology, including a former Invesco ETF chief. Ondo Finance has established partnerships with key industry players, including Binance for trading in certain jurisdictions and Alpaca Securities for brokerage services. The platform is supported by various ecosystem partners across the Ethereum, Solana, and BNB Chain networks.

Where can you buy iShares US Technology ETF (Ondo Tokenized)?

IYWON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares US Technology ETF (Ondo Tokenized) is Ondo Stocks, where the most active trading pair IYWON/USDON has a trading volume of $9.83 in the last 24 hours.

What is the daily trading volume of iShares US Technology ETF (Ondo Tokenized) (IYWON)?

The trading volume of iShares US Technology ETF (Ondo Tokenized) (IYWON) is $9.84 in the last 24 hours, representing a -1.00% 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 US Technology ETF (Ondo Tokenized) (IYWON)?

iShares US Technology ETF (Ondo Tokenized) (IYWON) reached an all-time high of $255.29 and an all-time low of $230.74. It’s now trading -9.60% below that peak and 0.00% above its lowest price.

What is the market cap of iShares US Technology ETF (Ondo Tokenized) (IYWON)?

Market capitalization of iShares US Technology ETF (Ondo Tokenized) (IYWON) is $635.52 and is ranked #7856 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IYWON tokens (2.8 tokens are tradable on the market today).

What is the fully diluted valuation of iShares US Technology ETF (Ondo Tokenized) (IYWON)?

The fully diluted valuation (FDV) of iShares US Technology ETF (Ondo Tokenized) (IYWON) is $635.52. This is a statistical representation of the maximum market cap, assuming total number of 2 ETH tokens are in circulation today.

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

With a price decline of -3.30% in the last 7 days, iShares US Technology ETF (Ondo Tokenized) (IYWON) is outperforming the global cryptocurrency market which is down -3.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares US Technology ETF (Ondo Tokenized) (IYWON) to MetaMask?

Adding iShares US Technology ETF (Ondo Tokenized) (IYWON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IYWON as a token. You can copy IYWON’s contract address (0x1577d4ae114b6f217453b754aeac164db44832da) and import it manually, or if you've installed MetaMask's chrome extension, add IYWON to MetaMask with one click on CoinGecko.

Add IYWON to MetaMask.