Micron Technology (Ondo Tokenized Stock)

MUON is a tokenized representation of Micron Technology common stock (ticker: MU), issued by Ondo Finance under its Global Markets product. It is designed to give non-US retail and institutional users economic exposure similar to owning MU shares, with any dividends automatically reinvested into the token. The product addresses the problem that many investors outside the United States cannot easily or instantly access US-listed equities during or outside standard market hours.

MUON tokens are minted and redeemed through Ondo's platform, which connects to traditional exchange liquidity to back each token with the underlying Micron Technology shares. The token exists across multiple blockchain ecosystems simultaneously, including Ethereum, Solana, BNB Chain, and HyperEVM, meaning it can be held and transferred on any of those networks. There is no native consensus algorithm or block time associated with MUON itself; settlement relies on the infrastructure of whichever host blockchain a holder uses, while Ondo manages the link to the underlying equity.

The data provided does not include any fee stream, revenue figures, or protocol income metrics for MUON, so no fee-based measures are available on this page. The token's fully diluted value equals its market capitalisation exactly, because the fdv_to_mcap ratio stands at 1.0 on a point-in-time basis and 100% of the circulating supply is already issued, leaving zero supply pending or in reserve. What Ondo charges users to mint or redeem tokens, and how any such fees are distributed, is not captured in the data stored here.