Coinbase (Ondo Tokenized Stock) (COINON): issuer, networks, and where it trades

COINON is a tokenized stock representing a structured note issued by Ondo Global Markets (BVI) Limited, a bankruptcy-remote special purpose vehicle under Swiss law. This instrument tracks the performance of Coinbase (COIN) through synthetic exposure. Holders of COINON own a debt instrument with redemption rights and a first-priority security interest in the collateral, rather than direct ownership of the underlying shares. This means holders do not have shareholder rights and may be subject to jurisdiction restrictions, as the instrument is distributed under Regulation S, exclusively to non-U.S. persons, and requires KYC and wallet screening. The specific blockchain network(s) on which COINON exists is not disclosed. Additionally, it is unclear how dividends and stock splits of the underlying asset are handled in relation to this tokenized security.

COINON data covers 3 venues. The available products determine which staking rates, withdrawal fees and funding rates appear. Sources include exchange APIs, protocols and aggregators. Scheduled collection: exchange staking every 10 minutes, funding every 10 minutes, fees and network availability every 30 minutes. On-chain yields follow their source schedule.