iShares Russell 2000 ETF (Ondo Tokenized ETF) (IWMON): issuer, networks, and where it trades

IWMON (iShares Russell 2000 ETF (Ondo Tokenized ETF)) is a tokenized fund issued by Ondo Global Markets (BVI) Limited, a bankruptcy-remote special purpose vehicle under Swiss law. This instrument provides exposure to the underlying IWM ETF through a structured note, giving holders a debt instrument with redemption rights and a first-priority security interest in the collateral, rather than direct ownership of the underlying shares. As such, holders of IWMON do not possess shareholder rights associated with the underlying stock, and there are jurisdiction restrictions as it is distributed under Regulation S, making it unavailable for U.S. persons. The specific blockchain network on which this instrument exists is not detailed. Additionally, it remains unclear how dividends and stock splits of the underlying asset are handled within this structure.

IWMON data covers 2 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.