Hello, Sobee!
We are excited to announce that four new tokenized assets are now available on the Mobee app: Global X Uranium Tokenized ETF (URAon), Super Micro Computer Tokenized Stock (SMCIon), IREN Tokenized Stock (IRENon), and US Natural Gas Fund Tokenized Stock (UNGon).
All four are issued by Ondo Finance through its issuer entity, Ondo Global Markets (BVI) Limited. They operate as ERC-20 tokens on the Ethereum network and are fully backed 1:1 by the underlying assets held by regulated custodians on behalf of token holders.
Four New Assets in One Listing
About the Four Products
Global X Uranium Tokenized ETF (URAon)
URAon is a tokenized representation of the Global X Uranium ETF (URA) on the blockchain. URA is an ETF that tracks the Solactive Global Uranium & Nuclear Components Total Return Index, providing diversified exposure to companies involved in mining, exploration, and the production of components across the global uranium and nuclear supply chain.
Super Micro Computer Tokenized Stock (SMCIon)
SMCIon is a tokenized representation of Super Micro Computer, Inc. (SMCI) stock on the blockchain, a NASDAQ-listed manufacturer of high-performance servers and computing hardware.
IREN Tokenized Stock (IRENon)
IRENon is a tokenized representation of IREN Limited (IREN) stock on the blockchain, a NASDAQ-listed data center infrastructure company focused on Bitcoin mining and AI cloud computing.
US Natural Gas Fund Tokenized Stock (UNGon)
UNGon is a tokenized representation of United States Natural Gas Fund, LP (UNG) units on the blockchain. UNG is an exchange-traded product listed on NYSE Arca that tracks the price movements of natural gas through Henry Hub futures contracts, rather than holding physical natural gas.
Unlike typical crypto tokens, these four tokens are not speculative assets but digital certificates fully backed by underlying assets, held by regulated custodians on behalf of token holders.
What Sets Ondo's Tokenized Stocks and ETFs Apart
- 1:1 Backed - Each token is fully backed (1:1) by the underlying stock or fund units held at licensed US broker-dealers or trust companies, and verified through daily reports from an independent Verification Agent.
- Supply follows conversion demand - Unlike tokens with a fixed supply, new tokens are only minted when users deposit the underlying assets and are burned when redeemed, ensuring the circulating supply tracks conversion demand.
- Runs on Ethereum As ERC-20 tokens on the Ethereum network, all four tokens are connected to the largest DeFi ecosystems and crypto wallets, while benefiting from the security of the main Ethereum network.
- Tradeable 24/5 The minting and redemption process runs from Sunday evening to Friday evening US time, offering much broader availability than the NASDAQ or NYSE Arca exchanges, which are only open for a few hours per day.
- Representation, not direct ownership Holding these tokens provides price exposure to the underlying assets, not direct ownership of shares or fund units, and therefore does not confer shareholder voting rights or the rights of conventional fund unit holders.
Token Specifications
Applies to all four tokens:
- Network: Ethereum
- Token standard: ERC-20
- Issuer: Ondo Finance, through the issuing entity Ondo Global Markets (BVI) Limited
- Supply scheme: follows a mint-and-burn mechanism based on conversion activity, rather than a fixed supply
Collateral ratio for each token is 1:1, held by licensed US broker-dealers or trust companies:
- URAon: underlying Global X Uranium ETF (URA) units
- SMCIon: underlying Super Micro Computer, Inc. (SMCI) shares
- IRENon: underlying IREN Limited (IREN) shares
- UNGon: underlying United States Natural Gas Fund, LP (UNG) units
Important Notes
These four tokens are tokenized representations of underlying assets, not direct ownership of shares or fund units, and do not grant shareholder voting rights or the rights of conventional fund unit holders. Their value tracks the price movement of the underlying assets in the US market, meaning they remain exposed to the same market volatility and risks as standard stocks and funds.
Please ensure you understand this tokenization mechanism and align your decisions with your personal risk profile before trading.
Start trading URAon, SMCIon, IRENon, and UNGon now and discover more opportunities in the world of digital assets with Mobee.
Thank you for trusting Mobee.
