Sprott Uranium Miners ETF (Ondo Tokenized)

URNMON Price

About Sprott Uranium Miners ETF (Ondo Tokenized) (URNMon)

URNMon is a tokenized financial instrument that provides investors with on-chain economic exposure to the Sprott Uranium Miners ETF (URNM).

• The asset enables non-US retail and institutional users to access traditional equity market returns through a blockchain-native format.
• Token holders receive the total return of the underlying ETF, including the value of reinvested dividends net of withholding taxes.
• The product features 24/5 minting and redemption capabilities, inheriting the deep liquidity of traditional stock exchanges.

What Is Sprott Uranium Miners ETF (Ondo Tokenized)

Sprott Uranium Miners ETF (Ondo Tokenized), or URNMon, is a digital representation of the URNM exchange-traded fund, which tracks the performance of companies involved in the uranium industry. By bringing this traditional security onto the blockchain, Ondo Finance allows users to hold and trade the asset with the transparency and efficiency of decentralized infrastructure.

Value moves through the system via a 1:1 backing mechanism where each URNMon token is secured by the corresponding shares of the URNM ETF. This ensures that the token's price mirrors the economic performance of the underlying Real World Assets (RWA). The token is put to work primarily as a portfolio diversification tool and as collateral within the decentralized finance ecosystem. As the platform scales, URNMon provides a bridge for liquid traditional assets to enter on-chain money markets and derivatives protocols.

What Makes Sprott Uranium Miners ETF (Ondo Tokenized) Unique

• Traditional Liquidity Access: Unlike synthetic assets, URNMon inherits the liquidity of the underlying traditional equity markets, allowing for large-scale minting and redemptions without significant price dislocation.
• 24/5 Availability: While traditional markets are restricted to specific hours, URNMon facilitates near-constant minting and redemption from Sunday evening to Friday evening Eastern Time.
• Total Return Tracking: The token is designed as a total-return tracker, meaning it automatically reflects both price appreciation and the value of reinvested dividends.
• Institutional-Grade Security: The asset utilizes a bankruptcy-remote legal structure and is overseen by independent third-party agents to ensure investor protection.

What Can You Use Sprott Uranium Miners ETF (Ondo Tokenized) for?

• Value retention: URNMon allows users to hold a digital, on-chain representation of the Sprott Uranium Miners ETF, providing exposure to the uranium sector while potentially reducing exposure to the high volatility characteristic of the broader cryptocurrency market.
• Yield generation: The token provides native yield in the form of reinvested dividends. When the underlying URNM ETF issues dividends, these are reinvested back into the asset (net of withholding taxes), which is reflected in the token's value over time.
• Cross-border settlement / value transfer: It provides a capability for frictionless cross-border transfer of Sprott Uranium Miners ETF value, allowing users to move exposure to the uranium industry globally without the delays of traditional brokerage systems.
• Collateralization: URNMon is designed for use as backing for borrowing and lending protocols or as margin for on-chain derivatives, subject to integration by third-party DeFi platforms.

How Does Sprott Uranium Miners ETF (Ondo Tokenized) Work?

The technical mechanism of URNMon involves a mint-and-redeem process managed by Ondo Global Markets (BVI) Limited. When a user mints URNMon, the issuer purchases the equivalent amount of the URNM ETF through US-registered broker-dealers. These assets are held in custody to provide a 1:1 backing for the circulating token supply.

To ensure security, an independent Verification Agent reviews the asset backing daily, and a Security Agent holds a first-priority security interest in the collateral for the benefit of token holders. This structure is designed to maximize bankruptcy remoteness, ensuring that the assets are protected even in the event of the issuer's insolvency. Through the process of tokenization, these tokenized products enable traditional financial instruments to be traded and utilized on the blockchain.

Team Info and Investors

URNMon is issued by Ondo Global Markets (BVI) Limited, a subsidiary of Ondo Finance. Ondo Finance is led by a team with experience from major financial institutions such as Goldman Sachs and Circle. The project has received backing from prominent venture capital firms and strategic partners within both the traditional and decentralized finance sectors.

Where can you buy Sprott Uranium Miners ETF (Ondo Tokenized)?

URNMON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Sprott Uranium Miners ETF (Ondo Tokenized) is Ondo Global Markets, where the most active trading pair URNMON/USDON has a trading volume of $16.02 in the last 24 hours.

What is the daily trading volume of Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON)?

The trading volume of Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) is $16.02 in the last 24 hours, representing a 0.70% 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 Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON)?

Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) reached an all-time high of $59.00 and an all-time low of $56.64. It’s now trading -2.80% below that peak and 1.20% above its lowest price.

What is the market cap of Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON)?

Market capitalization of Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) is $294.88 and is ranked #12520 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of URNMON tokens (5.1 tokens are tradable on the market today).

What is the fully diluted valuation of Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON)?

The fully diluted valuation (FDV) of Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) is $294.88. This is a statistical representation of the maximum market cap, assuming total number of 5 ETH tokens are in circulation today.

How does the price performance of Sprott Uranium Miners ETF (Ondo Tokenized) compare against its peers?

With a price increase of 0.00% in the last 7 days, Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) is outperforming the global cryptocurrency market which is down -0.10%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) to MetaMask?

Adding Sprott Uranium Miners ETF (Ondo Tokenized) (URNMON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import URNMON as a token. You can copy URNMON’s contract address (0xa65db7879774bd6758abaf583a91177afd96d5a3) and import it manually, or if you've installed MetaMask's chrome extension, add URNMON to MetaMask with one click on CoinGecko.

Add URNMON to MetaMask.