Tokenized Alibaba stock (BABA)

Instrument and holder rights

Ondo Global Markets (BVI) Limited, British Virgin Islands

BABAON is a collateralized structured note linked to Alibaba: a debt instrument with redemption rights and a security interest in its backing. Holder rights are governed by Swiss law; the token does not confer ownership of the underlying security.

How dividends and distributions are reflected

When the underlying security pays a distribution, Ondo reinvests the proceeds net of applicable withholding and reflects them in the token’s value. On Solana and BNB Chain, wallets that support display scaling show the result through an adjusted balance and unit price; the raw on-chain amount stays unchanged. There is no separate dividend payment to the wallet.

Issuer documentation

Withdrawals observed at exchanges

Venues with withdrawal data

BingX, Gate.io

Venues with open withdrawals

1 · Gate.io

Observations from 04 Nov 2026, 21:07 UTC

Exchange Earn

Instrument and holder rights

BTech Holdings Limited, ADGM, Abu Dhabi · bStocks

BABAB is a bStocks certificate providing economic exposure to Alibaba. It provides rights under the certificate terms, without direct ownership of the underlying security or shareholder voting rights.

How dividends and distributions are reflected

For distributions on the underlying security, the issuer generally reinvests the proceeds net of taxes and fees. A bStocks multiplier increases the displayed balance while the raw on-chain amount stays unchanged; no separate cash dividend is paid.

Issuer documentation

Withdrawals observed at exchanges

Exchange Earn