SoFi Technologies (Ondo Tokenized Stock)

SOFION Price

About SoFi Technologies (Ondo Tokenized Stock) (sofion)

SOFIon is a tokenized version of SoFi Technologies stock issued by Ondo Finance, providing on-chain economic exposure to the underlying equity.

• Each SOFIon token is designed to represent the economic value of one share of SoFi Technologies Inc (SOFI) stock.
• The asset enables non-US investors to access traditional US equity markets through blockchain-based tokenization 24 hours a day.
• Holders receive the economic benefits of ownership, including price movements and reinvested dividends.

What Is SoFi Technologies (Ondo Tokenized Stock)

SoFi Technologies (Ondo Tokenized Stock) is a digital representation of SoFi Technologies Inc (SOFI) equity, integrated into the Ondo Global Markets platform. It functions as a total-return tracker, meaning it accounts for both the price appreciation of the underlying stock and the reinvestment of dividends, net of applicable withholding taxes.

The project aims to bridge the gap between traditional brokerage services and decentralized finance (DeFi) by allowing users to manage equity exposure using blockchain wallets. As the ecosystem grows, SOFIon is designed to maintain its peg to the underlying stock through an instant minting and redemption mechanism that leverages traditional market liquidity.

What Makes SoFi Technologies (Ondo Tokenized Stock) Unique

• 24/5 Availability: Unlike traditional stock markets that operate on fixed hours, SOFIon can be minted or redeemed on the Ondo platform almost continuously from Sunday evening to Friday evening.
• DeFi Compatibility: As a standard blockchain token, SOFIon is designed to be transferable and usable as collateral in supported decentralized lending and borrowing protocols.
• Institutional-Grade Backing: The tokens are secured by physical shares of SOFI stock and cash held with US-registered custodial broker-dealers.
• Transparency: Ondo utilizes an independent Verification Agent to conduct daily reviews of the asset backing, ensuring the token remains fully collateralized.

What Can You Use SoFi Technologies (Ondo Tokenized Stock) for?

SOFIon is pegged to SoFi Technologies stock, allowing users to interact with the asset in the following ways:

1. Value retention: The asset allows users to hold a digital, on-chain representation of SoFi Technologies stock and may reduce exposure to crypto-market volatility by tracking a traditional equity.
2. Yield generation: Tokenholders receive economic exposure to dividends, which are reinvested back into the token's value. Users may also explore decentralized lending or liquidity-provisioning options where supported.
3. Cross-border settlement / value transfer: Its capability for international access allows users outside the United States to transfer and settle the economic value of SoFi Technologies stock across supported blockchains.
4. Collateralization: Its use as backing for borrowing/lending protocols or as margin for derivatives, allowing users to leverage their equity exposure within DeFi ecosystems.

How Does SoFi Technologies (Ondo Tokenized Stock) Work?

SOFIon operates through the Ondo Global Markets platform, which tokenizes traditional public securities. When a user mints SOFIon, the underlying SOFI stock is purchased and held by a US-registered broker-dealer. The legal structure is designed to be bankruptcy-remote, meaning the assets backing the tokens are isolated from the issuer's general liabilities.

Transactions involving the token incur protocol service fees rather than network gas, as it is an application utility token facilitating access to tokenized equities. Redemptions can be processed back into stablecoins for the cash value of the underlying asset at the time of the trade.

Team Info and Investors

SoFi Technologies (Ondo Tokenized Stock) is issued by Ondo Global Markets (BVI) Limited, with tokenization services provided by Ondo Finance Inc. The project utilizes US-registered custodial broker-dealers, such as Alpaca Securities LLC, to hold the underlying assets. While the source material identifies the issuing entities and brokerage partners, it does not specify individual team members or a list of early-stage investors.

Where can you buy SoFi Technologies (Ondo Tokenized Stock)?

SOFION tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade SoFi Technologies (Ondo Tokenized Stock) is Ondo Stocks, where the most active trading pair SOFION/USDON has a trading volume of $7,279.40 in the last 24 hours.

What is the daily trading volume of SoFi Technologies (Ondo Tokenized Stock) (SOFION)?

The trading volume of SoFi Technologies (Ondo Tokenized Stock) (SOFION) is $95,798.11 in the last 24 hours, representing a -5.40% 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 SoFi Technologies (Ondo Tokenized Stock) (SOFION)?

SoFi Technologies (Ondo Tokenized Stock) (SOFION) reached an all-time high of $27.25 and an all-time low of $14.79. It’s now trading -31.90% below that peak and 25.50% above its lowest price.

What is the market cap of SoFi Technologies (Ondo Tokenized Stock) (SOFION)?

Market capitalization of SoFi Technologies (Ondo Tokenized Stock) (SOFION) is $13,956,009 and is ranked #919 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SOFION tokens (750 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of SoFi Technologies (Ondo Tokenized Stock) (SOFION)?

The fully diluted valuation (FDV) of SoFi Technologies (Ondo Tokenized Stock) (SOFION) is $13,956,009. This is a statistical representation of the maximum market cap, assuming total number of 750 Thousand ETH tokens are in circulation today.

How does the price performance of SoFi Technologies (Ondo Tokenized Stock) compare against its peers?

With a price increase of 4.10% in the last 7 days, SoFi Technologies (Ondo Tokenized Stock) (SOFION) is outperforming the global cryptocurrency market which is up 3.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add SoFi Technologies (Ondo Tokenized Stock) (SOFION) to MetaMask?

Adding SoFi Technologies (Ondo Tokenized Stock) (SOFION) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SOFION as a token. You can copy SOFION’s contract address (0x9f2e3eb0160117c56b07652fe66a08a48b5bd7b5) and import it manually, or if you've installed MetaMask's chrome extension, add SOFION to MetaMask with one click on CoinGecko.

Add SOFION to MetaMask.