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

IVVon is a tokenized version of the iShares Core S&P 500 ETF, issued on blockchain networks by Ondo Finance. It is designed to give non-US retail and institutional users economic exposure similar to holding the traditional IVV 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 through conventional brokerage channels.

IVVon tokens are minted and redeemed by users through Ondo's platform, which connects to traditional exchange liquidity underlying the iShares Core S&P 500 ETF. The token exists across multiple blockchain ecosystems — including Ethereum, Solana, BNB Chain, and HyperEVM — meaning it can be held and transferred on-chain while its value is intended to track the net asset value of the underlying ETF. No consensus algorithm is recorded for this asset because it is a tokenized real-world asset rather than a native blockchain protocol with its own chain.

The data stored for IVVon does not include a fee stream, revenue figures, or protocol earnings, so fee-based measures common on this site are not applicable here. The token's economics are primarily driven by the performance of the underlying iShares Core S&P 500 ETF, with dividends from the ETF reinvested rather than distributed. The circulating supply stands at approximately 90,166 tokens at a price of 778.58 USD, producing a market capitalization of 70,210,274 USD at the point of measurement. The fully diluted valuation equals the market capitalization, as no tokens are pending issuance and 100% of supply is already in circulation.