iShares Bitcoin Trust (Ondo Tokenized)

IBITon is a tokenized version of the iShares Bitcoin Trust ETF, issued on-chain by Ondo Finance under the ticker IBITON. It is designed to give non-US retail and institutional users economic exposure similar to holding the underlying IBIT ETF, with any dividends reinvested. It addresses the problem of limited cross-border access to US-listed exchange-traded products by allowing eligible users outside the United States to mint and redeem tokens around the clock on weekdays.

IBITON tokens exist across the Ethereum, Solana, and BNB Chain ecosystems, meaning the token can be held and transferred on any of those networks. Ondo connects the token to traditional exchange liquidity, so minting and redemption are tied to the actual trading of the underlying IBIT ETF during exchange hours, giving the token its reference value. The token itself does not rely on a native consensus algorithm; settlement depends on the infrastructure of whichever blockchain a holder uses.

The data stored for this asset records no fee stream, meaning there are no protocol-level fees, revenue figures, or distributions captured in this profile. Because no fee data is present, fee-based measures such as price-to-fees or revenue yield that this site might ordinarily display are not applicable here. The circulating supply of 599,693.399042685 tokens represents 100 percent of supply issued, with a fully diluted value equal to the market cap of 28,142,259 US dollars at a point-in-time reading, and no supply overhang or pending issuance recorded.