iShares Expanded Tech-Software ETF (Ondo Tokenized)

IGVON Price

About iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVon)

iShares Expanded Tech-Software ETF (Ondo Tokenized) is a tokenized financial instrument that provides holders with economic exposure to the iShares Expanded Tech-Software ETF (IGV) on the blockchain.

• The token functions as a total-return tracker, reflecting both the price movements of the underlying ETF and the reinvestment of dividends.
• It is part of the Ondo Global Markets platform, enabling non-US investors to mint and redeem tokenized securities 24 hours a day, five days a week.
• IGVon is designed for high interoperability, allowing the asset to be used as collateral or for yield generation within decentralized finance (DeFi) ecosystems.

What Is iShares Expanded Tech-Software ETF (Ondo Tokenized)

iShares Expanded Tech-Software ETF (Ondo Tokenized) is a digital asset representing a claim on the economic performance of the IGV ETF, which tracks North American companies in the software industry. By bringing this traditional financial instrument on-chain, Ondo Finance allows users to interact with equity-based value without leaving the blockchain environment. The token is designed to mirror the total return of the underlying asset, meaning it accounts for price appreciation and the compounding effect of reinvested dividends, net of applicable withholding taxes.

Value moves through the system via a direct link between the tokenized asset and the traditional securities held by the issuer. When a user mints IGVon, the platform acquires the equivalent amount of the underlying ETF, ensuring the token is fully backed. The token is put to work by serving as a highly liquid, on-chain representation of a diversified software portfolio. As the ecosystem grows, this model scales by leveraging traditional exchange liquidity, allowing for large-scale minting and redemptions that inherit the depth of the US equity markets.

What Makes iShares Expanded Tech-Software ETF (Ondo Tokenized) Unique

• 24/5 Minting and Redemption: Unlike traditional ETFs that are limited to exchange hours, IGVon can be minted and redeemed through the Ondo Global Markets platform nearly around the clock during the work week.
• Total Return Tracking: The token does not just track the price of the ETF but automatically reflects reinvested dividends, simplifying the process of earning a total return on software equities.
• Institutional-Grade Backing: Every IGVon token is backed by the physical ETF and cash held at US-registered custodial broker-dealers, with daily reviews by an independent verification agent.
• Bankruptcy-Remote Structure: The asset is issued through a legal framework designed to protect token holders, including a first-priority security interest in the underlying collateral held by a third-party agent.

What Can You Use iShares Expanded Tech-Software ETF (Ondo Tokenized) for?

• Portfolio Diversification: Investors can gain exposure to the North American tech software sector, including companies like Microsoft and Oracle, directly from their crypto wallets.
• Collateralization: IGVon is designed to be usable in lending protocols, where it can serve as collateral to borrow stablecoins or other digital assets while maintaining exposure to the tech sector.
• Liquidity Provisioning: Holders can provide liquidity in decentralized exchanges or automated market makers to earn trading fees on an asset backed by traditional securities.
• Global Remittances and Settlement: The token enables the transfer of equity-based value across borders instantly on blockchains like Ethereum and Solana, bypassing traditional banking delays.

How Does iShares Expanded Tech-Software ETF (Ondo Tokenized) Work?

IGVon operates on the Ondo Global Markets platform, which bridges blockchain technology with traditional brokerage infrastructure. When a qualified non-US user initiates a minting request, the platform's broker-dealer partners purchase the underlying IGV ETF in the US market. These securities are then held in a bankruptcy-remote account, and a corresponding amount of IGVon tokens is issued to the user's wallet.

The system utilizes an independent security agent to hold a perfected security interest in the collateral, ensuring that token holders have a legal claim to the assets. As a tokenization asset on networks like Ethereum, IGVon is used for economic exposure and DeFi utility, while network transaction fees are handled separately by the underlying blockchain's native asset. The price of the token is kept in line with the underlying ETF through an arbitrage mechanism, as authorized participants can instantly redeem tokens for the cash value of the underlying securities.

Team Info and Investors

IGVon is a product of Ondo Global Markets (BVI) Limited, an affiliate of Ondo Finance Inc. Ondo Finance is led by a team with backgrounds in traditional finance and technology, including former executives from Goldman Sachs and Invesco. The project has received backing from prominent venture capital firms and institutional investors, focusing on creating a compliant bridge between traditional finance and decentralized ecosystems. Governance and operational oversight are maintained through a structured legal framework to ensure compliance with international regulations.

Where can you buy iShares Expanded Tech-Software ETF (Ondo Tokenized)?

IGVON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Expanded Tech-Software ETF (Ondo Tokenized) is Ondo Stocks, where the most active trading pair IGVON/USDON has a trading volume of $587.62 in the last 24 hours.

What is the daily trading volume of iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON)?

The trading volume of iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) is $587.62 in the last 24 hours, representing a -12.50% 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 iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON)?

iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) reached an all-time high of $116.96 and an all-time low of $85.31. It’s now trading -6.20% below that peak and 28.60% above its lowest price.

What is the market cap of iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON)?

Market capitalization of iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) is $28,173.69 and is ranked #7948 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IGVON tokens (260 tokens are tradable on the market today).

What is the fully diluted valuation of iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON)?

The fully diluted valuation (FDV) of iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) is $28,173.69. This is a statistical representation of the maximum market cap, assuming total number of 260 ETH tokens are in circulation today.

How does the price performance of iShares Expanded Tech-Software ETF (Ondo Tokenized) compare against its peers?

With a price increase of 2.70% in the last 7 days, iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) is outperforming the global cryptocurrency market which is down -2.40%, while outperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -4.10%.

How to add iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) to MetaMask?

Adding iShares Expanded Tech-Software ETF (Ondo Tokenized) (IGVON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IGVON as a token. You can copy IGVON’s contract address (0xa9e5c59f34397fe6baa9e4da139ba4e63bd84324) and import it manually, or if you've installed MetaMask's chrome extension, add IGVON to MetaMask with one click on CoinGecko.

Add IGVON to MetaMask.