Circle Internet Group (Ondo Tokenized Stock)

CRCLON is a tokenized representation of Circle Internet Group stock, created by Ondo Finance, that is designed to give non-US retail and institutional users economic exposure similar to holding shares of CRCL, with dividends automatically reinvested. It addresses the problem of restricted access to US-listed equities for investors outside the United States by wrapping the underlying stock into a blockchain token. The token can be minted and redeemed around the clock on trading days, drawing on traditional exchange liquidity rather than a separate on-chain liquidity pool.

Ondo Finance issues CRCLON on multiple blockchain networks including Ethereum, Solana, BNB Chain, and HyperEVM, meaning the token can exist and be transferred across those ecosystems. When an eligible non-US user mints CRCLON, the protocol acquires the corresponding CRCL shares through traditional market infrastructure, and redemption reverses that process, so the token's value is intended to track the underlying stock. No consensus algorithm is recorded for this asset because it is an application-layer token rather than a base-layer blockchain, and settlement mechanics depend on the chain on which a given token is held.

The data stored for CRCLON does not include a fee stream or revenue figures, so no fee-based measures such as protocol income or yield to token holders can be reported here. What is known is that the circulating supply of approximately 1,195,057 tokens represents 100 percent of supply issued, with a fully diluted value essentially equal to the market capitalization of roughly 97,696,844 US dollars at the recorded price of 81.75 US dollars. Any costs associated with minting, redemption, or custody are governed by Ondo Finance's terms and are not captured in the figures available on this page.