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 issued 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 traditional IVV ETF, with any dividends treated as reinvested. It addresses the problem of limited access to US-listed exchange-traded funds for investors outside the United States, allowing minting and redemption around the clock on weekdays.

Each IVVON token is backed by an equivalent position in the underlying iShares Core S&P 500 ETF held through Ondo's structure, so the token price is intended to track that of IVV. Users mint or redeem tokens through Ondo's platform, which connects to traditional exchange liquidity during market hours, while the token itself lives on supported blockchains and can be transferred at any time. The data records no consensus algorithm specific to IVVON, as it is a tokenized asset rather than a native blockchain protocol.

The data provided does not include a fee stream for IVVON, meaning there are no protocol-level fee figures to report for this asset. What is known is that the circulating supply stands at approximately 77,923 tokens with a market capitalization of roughly 60.6 million US dollars at a point-in-time snapshot, and virtually the entire supply is already issued, with a fully diluted value essentially equal to the market cap. Any costs associated with holding or transacting in the token, such as management fees embedded in the underlying ETF or platform charges, are not captured in the stored metrics here.