Broadcom (Ondo Tokenized Stock)

AVGOON Price

About Broadcom (Ondo Tokenized Stock) (AVGOON)

Broadcom (Ondo Tokenized Stock) is a blockchain-based financial instrument that provides investors with economic exposure to the price performance of Broadcom Inc. (AVGO) shares and reinvested dividends.

• Total Return Tracking: The token functions as a total return tracker, meaning its value reflects both the underlying stock price and the automatic reinvestment of dividends.
• 24/5 Trading Accessibility: Unlike traditional stock markets, AVGOON enables 24-hour minting and redemptions five days a week, leveraging blockchain efficiency and traditional exchange liquidity.
• Cross-Chain Availability: The asset is issued on multiple networks, including Ethereum, Solana, and BNB Chain, facilitating integration across various decentralized finance ecosystems.

What Is Broadcom (Ondo Tokenized Stock)

Broadcom (Ondo Tokenized Stock) is a digital representation of equity exposure issued through the Ondo Global Markets platform. It is designed to bridge the gap between traditional capital markets and decentralized finance (DeFi) by bringing institutional-grade securities on-chain. The token allows non-US retail and institutional investors to gain exposure to one of the world's largest semiconductor and infrastructure software companies without needing a traditional brokerage account.

Value moves through the system via a mint-and-redeem mechanism where users deposit USD-equivalent assets into the Ondo platform to receive AVGOON tokens. The token is put to work by serving as a highly liquid, on-chain representation of a traditional equity asset. This allows users to hold a diversified portfolio that includes traditional stocks alongside native crypto assets. As the Ondo ecosystem grows, the platform scales by expanding the variety of tokenized securities available and increasing the depth of liquidity provided through partnerships with traditional financial institutions.

What Makes Broadcom (Ondo Tokenized Stock) Unique

• Regulatory-First Approach: The asset is issued by Ondo Global Markets (BVI) Limited and is designed with a bankruptcy-remote legal structure, providing a higher level of investor protection compared to many unregulated synthetic assets.
• Total Return Mechanism: Unlike simple price trackers, AVGOON automatically accounts for dividends, which are reinvested into the underlying asset (net of withholding taxes), causing the token value to potentially represent more than one share over time.
• Instant Atomic Settlements: The platform enables instant minting and burning in single atomic transactions, reducing the settlement delays typically associated with traditional equity markets.
• Institutional Transparency: Ondo provides daily attestations of assets held at regulated US entities, alongside monthly reconciliations and annual audits to ensure full collateralization.

What Can You Use Broadcom (Ondo Tokenized Stock) for?

• DeFi Collateralization: AVGOON can be used as collateral within supported decentralized lending and borrowing protocols, allowing users to unlock liquidity against their equity exposure.
• Portfolio Diversification: Investors can use the token to gain exposure to the semiconductor industry and the broader US technology sector directly from their crypto wallets.
• Yield Generation: Through integration with various DeFi platforms, holders may participate in liquidity provisioning or yield-bearing strategies that utilize tokenized real-world assets.
• Global Value Transfer: The token enables the frictionless transfer of institutional-grade equity value across borders on a 24/5 basis, bypassing traditional banking hours.

How Does Broadcom (Ondo Tokenized Stock) Work?

Broadcom (Ondo Tokenized Stock) operates as an ERC-20 token on Ethereum and equivalent standards on Solana and BNB Chain. When a user mints the token, the Ondo platform or its partners acquire the corresponding underlying AVGO shares in the traditional market. These shares are held in secure, regulated custody to ensure every token is fully backed by the underlying equity or cash in transit.

The system utilizes smart contracts to manage the issuance and redemption processes. Pricing is determined by real-time oracles that track the price of Broadcom Inc. shares on traditional exchanges. Because it is an application utility token within the Ondo ecosystem, users may encounter protocol service fees for specific platform actions, while the underlying network transactions require native gas fees on the respective blockchain. To maintain peg accuracy and minimize slippage, the platform integrates directly with traditional market liquidity providers.

Team Info and Investors

Broadcom (Ondo Tokenized Stock) was developed by Ondo Finance, a firm founded in 2021 by veterans of Goldman Sachs and other leading financial institutions. The project is governed by a structure that emphasizes compliance and institutional standards, including a special purpose vehicle (SPV) with independent directors. Ondo Finance has secured significant backing from major venture capital firms, including Founders Fund, Pantera Capital, and Coinbase Ventures, which supports its mission to bring institutional-grade financial products to the blockchain.

Where can you buy Broadcom (Ondo Tokenized Stock)?

AVGOON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Broadcom (Ondo Tokenized Stock) is MEXC, where the most active trading pair AVGOON/USDT has a trading volume of $289,561.58 in the last 24 hours. Other popular options include KCEX and Gate.

What is the daily trading volume of Broadcom (Ondo Tokenized Stock) (AVGOON)?

The trading volume of Broadcom (Ondo Tokenized Stock) (AVGOON) is $2,861,247.17 in the last 24 hours, representing a -10.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Broadcom (Ondo Tokenized Stock) (AVGOON)?

Broadcom (Ondo Tokenized Stock) (AVGOON) reached an all-time high of $506.32 and an all-time low of $291.29. It’s now trading -29.80% below that peak and 22.00% above its lowest price.

What is the market cap of Broadcom (Ondo Tokenized Stock) (AVGOON)?

Market capitalization of Broadcom (Ondo Tokenized Stock) (AVGOON) is $4,861,020 and is ranked #1779 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AVGOON tokens (14 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Broadcom (Ondo Tokenized Stock) (AVGOON)?

The fully diluted valuation (FDV) of Broadcom (Ondo Tokenized Stock) (AVGOON) is $4,861,073. This is a statistical representation of the maximum market cap, assuming total number of 14 Thousand ETH tokens are in circulation today.

How does the price performance of Broadcom (Ondo Tokenized Stock) compare against its peers?

With a price decline of -0.90% in the last 7 days, Broadcom (Ondo Tokenized Stock) (AVGOON) is underperforming the global cryptocurrency market which is up 9.40%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 5.50%.

How to add Broadcom (Ondo Tokenized Stock) (AVGOON) to MetaMask?

Adding Broadcom (Ondo Tokenized Stock) (AVGOON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import AVGOON as a token. You can copy AVGOON’s contract address (0x0d54d4279b9e8c54cd8547c2c75a8ee81a0bcae8) and import it manually, or if you've installed MetaMask's chrome extension, add AVGOON to MetaMask with one click on CoinGecko.

Add AVGOON to MetaMask.