iShares Semiconductor ETF (Ondo Tokenized) (SOXXON)

SOXXON is a tokenized version of the iShares Semiconductor ETF, issued through Ondo. Its stated purpose is to give tokenholders economic exposure similar to holding SOXX, including reinvestment of any dividends. It is therefore different from a general-purpose cryptocurrency: its value is connected to a traditional exchange-traded fund focused on semiconductor companies rather than to a blockchain network or app utility. The token does not itself represent ownership in a semiconductor company, and public sources do not establish that tokenholders have the same rights as direct ETF shareholders. Ondo describes its tokenized stock and ETF products as available to eligible non-U.S. retail and institutional users, with additional restrictions applying. Those conditions matter: availability, eligibility and rights may depend on the product terms and the user’s location. Read the applicable terms before assuming that holding SOXXON is equivalent to holding ETF shares.

The token is intended to track the economic performance of the iShares Semiconductor ETF, with any dividends reinvested, according to its description. That exposure can rise or fall with the ETF and the semiconductor sector; tokenization does not remove the risks of the underlying market. Ondo says its tokenized stocks and ETFs can be minted and redeemed around the clock, five days a week, with access to traditional exchange liquidity. This describes the issuer’s product model, not a guarantee that every user can mint or redeem at any time or at a particular price. Eligibility rules, operational availability, market conditions and product restrictions may affect access. A token’s quoted price on a crypto venue can also differ from the value of the underlying exposure, especially when liquidity is limited or markets are moving quickly. Check the current product terms and the venue’s trading details to understand how creation, redemption and trading apply to SOXXON.

As of 2026-11-05, reported circulating and total supply were both about 1,644 SOXXON, with no maximum supply specified. Reported market capitalization was about $734,000, and the token price was about $446.76 on that date. These are time-sensitive figures, not fixed characteristics: market price, supply and market capitalization can change. The reported price was down about 12.5% over the preceding seven days, another reminder that tokenized ETF exposure can be volatile. A market capitalization figure does not show whether a token can be sold quickly or at a price close to its stated value. Trading volume, available liquidity and differences between crypto-market hours and traditional market hours can affect execution. Treat market statistics as a snapshot, and distinguish the token’s market price from the value of the ETF exposure it is designed to reflect.

SOXXON is listed as issued on Ethereum, Solana and BNB Chain. Confirm which network a token or trading venue supports before transferring it; an address or asset on one chain may not work as expected on another. The token is not identified as the native asset of any of these networks. Risks include movements in semiconductor stocks and the underlying ETF, differences between token price and underlying value, limited liquidity, and possible changes to product access or terms. There are also blockchain and operational risks, such as smart-contract faults, network outages, wallet errors and loss of private keys. Public sources do not specify all custody, legal or redemption arrangements, so review the current issuer documentation rather than assuming that tokenholders have direct fund-shareholder protections. For self-custody, use a wallet that supports the correct chain, protect recovery information offline, and verify the token and network before sending. Losing access to the wallet may mean losing access to the tokens.