AAOION: Applied Optoelectronics Tokenized Stock

AAOION is Ondo’s tokenized version of Applied Optoelectronics Inc. (AAOI), a publicly traded company. The token is designed to provide economic exposure similar to holding AAOI shares, including reinvestment of any dividends. It is not the same thing as buying ordinary shares through a stockbroker, and the description of similar economic exposure does not establish that tokenholders have the same voting rights or other shareholder rights.

Ondo describes its tokenized stocks as products that eligible non-U.S. retail and institutional users can mint and redeem around the clock, five days a week, with access to traditional exchange liquidity. Restrictions apply, and access depends on eligibility and jurisdiction. The mechanics, legal terms, and any rights attached to AAOION should be checked in the product’s current documentation before using it. AAOION is a tokenized asset, not a cryptocurrency that powers its own blockchain or a general-purpose payment token.

AAOION represents tokenized exposure to Applied Optoelectronics, rather than an independent business or network. Its intended value is linked to the underlying stock and the product’s structure, but the token’s market price can differ from the stock price. Trading conditions, redemption availability, fees, and the rules for handling dividends can also affect the result a holder receives. The public description says dividends are reinvested, but does not specify the detailed timing or calculation method.

Ondo says eligible users can mint and redeem its tokenized U.S. stocks and ETFs, subject to additional restrictions. That does not mean every holder can use those functions: eligibility, location, identity checks, and product terms may limit access. AAOION has been issued on Ethereum, Solana, and BNB Chain. These are networks on which the token is available, not blockchains operated by Applied Optoelectronics or native networks created for AAOION. Before transacting, confirm the network and the token contract through an authoritative Ondo source.

As of 2026-11-06, AAOION’s circulating and total supply were each about 4,480.39 tokens. A maximum supply has not been specified. Its market capitalization was about $221,170 and its 24-hour trading volume was about $716,780 on that date; these figures can change quickly and should not be treated as current beyond that snapshot. The reported price was about $49.42. It had fallen about 36% over the preceding seven days, illustrating that the token can move sharply over short periods.

The reported all-time high was $178.79 on 2026-06-18, and its all-time low was $39.47 on 2026-11-05. Past highs and lows do not indicate what the price will do next. AAOION’s value may reflect changes in AAOI shares as well as token-market liquidity and the terms and operation of the tokenized product. These figures are descriptive, not a price forecast or a recommendation to buy or sell.

AAOION carries both stock-market and crypto-asset risks. Applied Optoelectronics shares can fall, and token holders may face additional risks involving the product issuer, custody arrangements, redemption terms, trading liquidity, or a difference between the token price and the underlying share value. Access may be restricted by location or eligibility. Smart-contract faults, operational failures, and problems affecting a supported blockchain could also disrupt transfers or access. The token’s documentation should explain what rights holders have and what happens if the issuer or a service provider cannot perform its role.

For storage, use a wallet that supports the exact network and token contract you intend to hold; Ethereum, Solana, and BNB Chain are not interchangeable. Check the contract address through an authoritative source before adding or sending a token, and test that your wallet can receive the asset on the selected network. A mistaken network or address can result in a loss. If keeping AAOION with a custodian, understand its withdrawal, custody, and account terms. Do not assume that holding a token gives the same protections as holding shares directly.