iShares Bitcoin Trust (Ondo Tokenized)

IBITon is a tokenized representation of the iShares Bitcoin Trust ETF, created by Ondo Finance, that is designed to give non-US retail and institutional users economic exposure similar to holding the underlying IBIT shares. It addresses the problem that many investors outside the United States face difficulty accessing US-listed exchange-traded products through conventional brokerage channels. By existing on public blockchains, the token aims to make that exposure available around the clock on any day the underlying market is open.

IBITon lives across several blockchain ecosystems simultaneously, including Ethereum, Solana, and BNB Chain, and Ondo Finance acts as the issuing entity that holds or references the underlying IBIT shares. Eligible users can mint new tokens or redeem existing ones for the equivalent value 24 hours a day, five days a week, with settlement linked to traditional exchange liquidity rather than a separate on-chain protocol. There is no independent consensus algorithm; the token inherits the security of whichever host chain it resides on, and any dividends from the underlying ETF are described as being reinvested rather than distributed.

The data stored for IBITon does not include a fee stream, revenue figure, or protocol earnings of any kind, so this site carries no fee-based metrics for this asset. The economic return to tokenholders is intended to track the performance of the underlying iShares Bitcoin Trust ETF, with dividends reinvested rather than paid out. The fully diluted valuation equals the market capitalization at a ratio of 1.0 and the dilution overhang stands at 0.0 percent, both measured as point-in-time figures, meaning all tokens that currently exist are already in circulation with no additional supply scheduled.