VeriSign (Ondo Tokenized)

VRSNON Price

About VeriSign (Ondo Tokenized) (VRSNON)

VeriSign (Ondo Tokenized) is a digital asset that provides onchain economic exposure to the performance of VeriSign Inc. (VRSN) common stock.

• The token functions as a total-return tracker, reflecting both the price movements of the underlying stock and the reinvestment of dividends.
• It is part of the Ondo Global Markets platform, which enables non-US investors to mint and redeem tokenized versions of traditional public securities.
• VRSNon is secured by physical US stocks and cash held with regulated US broker-dealers, with daily oversight from an independent verification agent.

What Is VeriSign (Ondo Tokenized)

VeriSign (Ondo Tokenized) is a tokenized financial instrument designed to bridge traditional equity markets with decentralized finance. Its primary value proposition is providing global, 24/7 access to the economic benefits of VeriSign Inc. stock without requiring a traditional brokerage account. Value moves through the system by mirroring the performance of the underlying asset; when dividends are issued, they are reinvested into the tokenized stock, net of applicable withholding taxes, allowing the token to act as a total-return vehicle.

Holders can put the token to work within the decentralized finance ecosystem, where it can be used as collateral for lending protocols or as a base asset for derivatives. As the Ondo ecosystem grows, the utility of VRSNon scales through broader integration with decentralized applications, providing a liquid, onchain representation of a major technology infrastructure provider.

What Makes VeriSign (Ondo Tokenized) Unique

• Traditional Liquidity Access: Unlike many synthetic assets, VRSNon inherits liquidity from traditional markets through an instant minting and redemption process.
• Regulatory-Minded Structure: The asset is issued using a bankruptcy-remote legal structure designed to protect tokenholders in the event of the issuer's insolvency.
• Continuous Availability: While traditional stock markets have fixed trading hours, VRSNon can be traded peer-to-peer 24/7, with minting and redemptions available five days a week.
• Independent Verification: An independent security agent holds a first-priority security interest in the collateral, and a verification agent reviews the backing daily to ensure transparency.

What Can You Use VeriSign (Ondo Tokenized) for?

• Economic Exposure: Gain exposure to the price performance and dividends of VeriSign Inc. through a digital token.
• DeFi Collateralization: Use the token as backing to borrow stablecoins or other assets in supported decentralized lending protocols.
• Portfolio Diversification: Integrate traditional equity exposure into an onchain portfolio alongside native cryptocurrencies.
• Cross-Border Settlement: Transfer the value of tokenized US equity globally without the friction of traditional cross-border banking rails.

How Does VeriSign (Ondo Tokenized) Work?

VeriSign (Ondo Tokenized) operates as a total-return tracker on blockchains such as Ethereum and Solana. The technical mechanism involves a minting and redemption process where users can exchange stablecoins for VRSNon tokens. When a user mints the token, the equivalent value is used to purchase the underlying VeriSign Inc. stock, which is then held by a US-registered custodial broker-dealer.

The token is designed to maintain parity with the total return of the underlying stock. If the stock price increases or dividends are reinvested, the value reflected in the token's onchain price adjusts accordingly. Redemptions allow holders to convert their tokens back into stablecoins based on the cash value of the underlying asset at the time of the trade. The protocol does not serve as a native network fee token; transactions involving VRSNon require the payment of protocol service fees or network-specific fees in the native asset of the host blockchain.

Team Info and Investors

VeriSign (Ondo Tokenized) is a product of Ondo Global Markets (BVI) Limited, an affiliate of Ondo Finance. Ondo Finance is a leading player in the tokenization of Real World Assets (RWA), focused on bringing institutional-grade financial products to the blockchain. The project is led by a team with backgrounds in traditional finance and technology, including former executives from major investment firms. The platform has received backing from prominent venture capital firms in the blockchain space and maintains partnerships with established service providers for custody and security.

Where can you buy VeriSign (Ondo Tokenized)?

VRSNON tokens have stopped trading 16 days ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of VeriSign (Ondo Tokenized) (VRSNON)?

The trading volume of VeriSign (Ondo Tokenized) (VRSNON) is $2.38 in the last 24 hours, representing a 0.00% 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 VeriSign (Ondo Tokenized) (VRSNON)?

VeriSign (Ondo Tokenized) (VRSNON) reached an all-time high of $267.46 and an all-time low of $243.56. It’s now trading -7.50% below that peak and 1.60% above its lowest price.

What is the market cap of VeriSign (Ondo Tokenized) (VRSNON)?

Market capitalization of VeriSign (Ondo Tokenized) (VRSNON) is $147.73 and is ranked #8026 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of VRSNON tokens (0.6 tokens are tradable on the market today).

What is the fully diluted valuation of VeriSign (Ondo Tokenized) (VRSNON)?

The fully diluted valuation (FDV) of VeriSign (Ondo Tokenized) (VRSNON) is $147.73. This is a statistical representation of the maximum market cap, assuming total number of 0 ETH tokens are in circulation today.

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

With a price increase of 0.00% in the last 7 days, VeriSign (Ondo Tokenized) (VRSNON) is outperforming the global cryptocurrency market which is down -0.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add VeriSign (Ondo Tokenized) (VRSNON) to MetaMask?

Adding VeriSign (Ondo Tokenized) (VRSNON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import VRSNON as a token. You can copy VRSNON’s contract address (0xc5a72b01cc9e2721dc6de1a35ab8d92a6aa273e6) and import it manually, or if you've installed MetaMask's chrome extension, add VRSNON to MetaMask with one click on CoinGecko.

Add VRSNON to MetaMask.