New Coin Listing: INTC
Author Bayu Samudera
Reading time 3 min
min read
Hi, Sobee!
We are excited to announce that Intel Corp Stocks (INTC) are now available on the Mobee app.
About Intel Corp Stocks
Intel Corp Stocks (INTC) are tokens representing tokenized Intel Corp (INTC) shares on the blockchain, issued by Ondo Finance through its issuing entity, Ondo Global Markets (BVI) Limited.
Unlike typical crypto tokens, INTC is not a speculative asset but a digital certificate fully backed by actual Intel Corp shares, held by a regulated custodian on behalf of token holders.
What Sets Intel Corp Stocks Apart
- 1:1 Backed Stock Tokens - INTC is fully backed (1:1) by actual Intel Corp shares held at a licensed US broker-dealer or trust company, verified through daily reports from an independent Verification Agent.
- Supply Follows Conversion Demand - Unlike tokens with a fixed supply, new INTC tokens are minted when users deposit actual shares and burned when redeemed back into shares, ensuring the circulating supply tracks conversion demand.
- Built on Ethereum - As an ERC-20 token on the Ethereum network, INTC connects with the broader DeFi ecosystem and major crypto wallets while benefiting from the security of the Ethereum mainnet.
- 24/5 Trading - The INTC minting and redemption process operates from Sunday evening to Friday evening US time, offering significantly broader access than the standard NASDAQ trading hours.
- Representation, Not Direct Ownership - Holding INTC provides price exposure to Intel Corp shares rather than direct equity ownership, meaning it does not carry conventional shareholder voting rights.
INTC Token
- Network: Ethereum
- Token standard: ERC-20
- Issuer: Ondo Finance, through its issuing entity, Ondo Global Markets (BVI) Limited
- Collateral ratio: 1:1 with actual Intel Corp (INTC) shares, held at a licensed US broker-dealer or trust company
- Supply scheme: Follows a mint-and-burn mechanism based on conversion activity, not a fixed supply
Start trading INTC now and discover more opportunities in the world of digital assets with Mobee.
Thank you for trusting Mobee.
