iShares Core S&P 500 ETF (Ondo Tokenized ETF)

IVVon is a tokenized version of the iShares Core S&P 500 ETF, created by Ondo Finance and living on-chain across Ethereum, Solana, BNB Chain, and HyperEVM. It is designed to give non-US retail and institutional users economic exposure similar to holding the underlying ETF, with dividends reinvested automatically. The product addresses the difficulty that investors outside the United States face when trying to access US-listed exchange-traded funds, allowing them to mint and redeem tokens around the clock on weekdays.

Each IVVon token is intended to represent a claim on the underlying iShares Core S&P 500 ETF shares held in custody, so the token's value is meant to track that of IVV rather than operate through an independent protocol mechanism. Users mint tokens by providing capital, which Ondo uses to acquire the underlying ETF shares through traditional exchange liquidity, and they redeem by reversing that process. The token has no consensus algorithm of its own; it relies on the block infrastructure of whichever host chain it is deployed on.

The data provided does not include a fee stream, fee rate, or revenue figure for this token, so no fee-based measures are available on this site. The asset's economics are primarily determined by the performance of the underlying iShares Core S&P 500 ETF and any costs Ondo charges for minting, redemption, or custody, details of which are not contained in the stored data. The circulating supply stands at approximately 90,308 tokens at a point-in-time supply-issued percentage of 99.994%, and the fully diluted valuation equals the market capitalisation, meaning there is no dilution overhang recorded.