NVIDIA (Ondo Tokenized Stock)

NVDAON is a tokenized representation of NVIDIA common stock created by Ondo Finance, designed to give non-US retail and institutional users economic exposure similar to holding NVDA shares, with dividends reinvested into the token. It is intended to address the difficulty that investors outside the United States face when trying to access US equity markets, allowing them to participate through blockchain infrastructure rather than traditional brokerage accounts. Minting and redemption are available around the clock five days a week, connecting directly to traditional exchange liquidity.

Each NVDAON token is backed by or tracks the value of NVIDIA stock held or managed within Ondo's Global Markets framework, and it exists across several blockchain networks including Ethereum, Solana, BNB Chain, and HyperEVM. Users mint tokens by providing capital that is used to acquire the underlying equity exposure, and they can redeem tokens back to fiat through the same process. There is no native consensus algorithm described for this asset because it relies on the consensus mechanisms of the host blockchains on which it is issued.

The stored data does not include any fee stream, revenue figures, or protocol income associated with NVDAON, so no fee-based economic measures are available on this page. What is recorded is a circulating supply of 170,557.19 tokens at a point-in-time price of 218.59 USD, producing a market capitalisation of approximately 37,274,464 USD. The fully diluted valuation-to-market-cap ratio stands at 1.0, meaning essentially all tokens are already in circulation, and the dilution overhang is 0.0 percent, reflecting that no additional supply is pending issuance beyond the 99.998 percent already issued.