Micron Technology (Ondo Tokenized Stock)

MUON is a tokenized representation of Micron Technology common stock, issued by Ondo Finance under its Global Markets product. It is designed to give non-US retail and institutional users economic exposure similar to holding the underlying MU share, with any dividends automatically reinvested into the token. It addresses the problem of cross-border access to US-listed equities by allowing eligible users outside the United States to mint and redeem the token around the clock on weekdays without going through a traditional brokerage.

Ondo connects the token to traditional exchange liquidity, meaning the token's value is intended to track the price of the underlying Micron Technology share on US markets, with minting and redemption tied to that liquidity. The token exists across several blockchain environments simultaneously, including Ethereum, Solana, BNB Chain, and HyperEVM, making it accessible on multiple networks. There is no native consensus algorithm recorded for this asset because it relies on the host chains rather than its own blockchain.

The data provided contains no fee stream, revenue figures, or protocol income metrics for MUON. This means there are no fee-based measures available on this page to describe or evaluate. The token's economic return for holders, if any, comes through price tracking of the underlying MU share and dividend reinvestment, not through protocol-generated fees. The circulating supply as of the recorded point in time stands at approximately 44,007 tokens, and the fully diluted valuation equals the market capitalisation at a ratio of 1.0, indicating no supply is withheld or pending.