Core Scientific (Ondo Tokenized)

CORZON Price

About Core Scientific (Ondo Tokenized) (CORZon)

Core Scientific (Ondo Tokenized) is a digital representation of Core Scientific Inc stock, providing onchain economic exposure to the performance of the underlying equity.

• CORZon enables token holders to gain economic exposure similar to holding the underlying stock and reinvesting dividends.
• The asset is fully backed by traditional securities held with US-registered custodial broker-dealers and is verified daily by an independent agent.
• It provides non-US users with 24/5 minting and redemption capabilities, inheriting liquidity from traditional markets to minimize price dislocations.

What Is Core Scientific (Ondo Tokenized)

Core Scientific (Ondo Tokenized) is a tokenized security issued by Ondo Global Markets that tracks the total return of Core Scientific Inc (CORZ) stock. It is designed to bridge the gap between traditional equity markets and decentralized finance (DeFi), allowing investors outside the United States to access US public securities onchain.

The value of the token moves in tandem with the underlying stock's price movements and reinvested dividends (net of withholding tax). By tokenizing these assets, the platform enables them to be moved and traded 24/7 on supported blockchains, though primary minting and redemption follow traditional market hours. The token can be used as collateral in various DeFi protocols or for peer-to-peer transfers, scaling as the broader Ondo ecosystem integrates more real-world assets.

What Makes Core Scientific (Ondo Tokenized) Unique

• 24/5 Minting and Redemption: Unlike traditional brokers, the Ondo Global Markets platform allows for near-instant minting and redemption of tokens five days a week, providing high liquidity.
• Bankruptcy-Remote Structure: The tokens are issued using a legal framework designed to maximize bankruptcy remoteness, protecting token holders from the insolvency of the issuer.
• Independent Verification: A third-party Verification Agent reviews the asset backing daily, while a Security Agent holds a first-priority security interest in the collateral for the benefit of token holders.
• Total Return Tracking: The token is designed as a total-return tracker, meaning it reflects both the price appreciation of the stock and the economic value of dividends.

What Can You Use Core Scientific (Ondo Tokenized) for?

• Onchain Equity Exposure: Gain economic exposure to Core Scientific Inc without needing a traditional brokerage account, provided the user is in a supported jurisdiction.
• DeFi Collateralization: Use CORZon as collateral in decentralized lending or derivatives protocols that have integrated Ondo's tokenized assets.
• Portfolio Diversification: Diversify a crypto-native portfolio with traditional equity exposure while maintaining the benefits of blockchain-based transferability and transparency.
• Cross-Chain Portability: Transfer the asset across supported networks such as Ethereum, BNB Chain, and Solana to interact with various ecosystem dApps.

How Does Core Scientific (Ondo Tokenized) Work?

Core Scientific (Ondo Tokenized) operates through the tokenization of traditional shares held in custody. When a user mints CORZon, a regulated entity acquires the corresponding CORZ shares and places them with a US-registered broker-dealer. These shares serve as the underlying collateral for the minted tokens.

The platform utilizes smart contracts to manage the issuance and redemption process. While the tokens themselves are transferable 24/7, the minting and redemption processes are generally available 24 hours a day, five days a week, aligning with traditional market liquidity. The system is designed to minimize slippage by allowing arbitrageurs to quickly align onchain prices with traditional market values.

Team Info and Investors

Core Scientific (Ondo Tokenized) is a product of Ondo Finance, a protocol focused on institutional-grade Real World Assets (RWA). The project is led by a team with backgrounds in traditional finance and technology, including the recent hiring of a former Invesco ETF chief to lead the development of onchain investment products.

The platform is managed by Ondo Global Markets (BVI) Limited. While the protocol emphasizes transparency through daily audits and independent agents, the governance of the tokenized stock issuance is centralized under the Ondo Global Markets framework. The project has established partnerships with several major industry players, including Binance for trading in certain jurisdictions like the ADGM.

Where can you buy Core Scientific (Ondo Tokenized)?

CORZON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Core Scientific (Ondo Tokenized) is MEXC, where the most active trading pair CORZON/USDT has a trading volume of $150,938.90 in the last 24 hours.

What is the daily trading volume of Core Scientific (Ondo Tokenized) (CORZON)?

The trading volume of Core Scientific (Ondo Tokenized) (CORZON) is $151,710.85 in the last 24 hours, representing a 0.40% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Core Scientific (Ondo Tokenized) (CORZON)?

Core Scientific (Ondo Tokenized) (CORZON) reached an all-time high of $30.43 and an all-time low of $14.36. It’s now trading -51.10% below that peak and 3.70% above its lowest price.

What is the market cap of Core Scientific (Ondo Tokenized) (CORZON)?

Market capitalization of Core Scientific (Ondo Tokenized) (CORZON) is $122,886 and is ranked #5549 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CORZON tokens (8.3 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Core Scientific (Ondo Tokenized) (CORZON)?

The fully diluted valuation (FDV) of Core Scientific (Ondo Tokenized) (CORZON) is $122,886. This is a statistical representation of the maximum market cap, assuming total number of 8.3 Thousand ETH tokens are in circulation today.

How does the price performance of Core Scientific (Ondo Tokenized) compare against its peers?

With a price decline of -11.50% in the last 7 days, Core Scientific (Ondo Tokenized) (CORZON) is underperforming the global cryptocurrency market which is down -4.00%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -2.30%.

How to add Core Scientific (Ondo Tokenized) (CORZON) to MetaMask?

Adding Core Scientific (Ondo Tokenized) (CORZON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CORZON as a token. You can copy CORZON’s contract address (0xddaf7945093ad7457228c185783fdf6ab25022b2) and import it manually, or if you've installed MetaMask's chrome extension, add CORZON to MetaMask with one click on CoinGecko.

Add CORZON to MetaMask.