Linde plc (Ondo Tokenized Stock) (LINON): What It Is

Linde plc (Ondo Tokenized Stock), ticker LINON, is a blockchain token designed to provide economic exposure similar to holding shares of Linde plc, a publicly traded industrial gases company. The project description says the token also reinvests any dividends. LINON is a tokenized asset, not a native cryptocurrency with its own blockchain.

Economic exposure is not automatically the same as direct share ownership. Do not assume that holding LINON gives you the same shareholder rights, voting privileges, legal claims, or protections as holding Linde shares through a brokerage account. The exact rights and conditions depend on the product’s governing terms and any restrictions that apply to your location. Read those terms before relying on the token for a particular purpose.

LINON’s stated purpose is to track the economics of Linde shares, including reinvestment of dividends, rather than to serve as a general-purpose payment token. 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. Additional restrictions apply, and access to minting, redemption, or other product features may depend on your eligibility and jurisdiction.

These product features do not guarantee that every holder can redeem at any time or at a particular price. Token trading can also take place in markets whose prices and liquidity differ from those of the underlying shares. Check current product terms and supported access routes rather than assuming the token can be exchanged in the same way as ordinary LIN shares.

As of 2026-11-05, the reported circulating and total supply were each about 3,250 LINON. No maximum supply was listed. These figures can change as tokens are issued or redeemed, so they are a snapshot rather than a fixed limit. The token was reported on Ethereum and Solana; it is not listed as the native token of either network.

The same ticker can refer to assets on different networks, and tokens on Ethereum and Solana are not automatically interchangeable. Before sending or receiving LINON, check the network and the exact token contract through a reliable source. As a market snapshot, LINON was about $537 per token, with a market capitalization around $1.7 million and reported 24-hour trading volume around $10 on that date. These figures change, and the low reported volume indicates that market liquidity may be limited.

LINON carries risks beyond ordinary share-price movements. Its value can fall with Linde shares, while token prices may also be affected by trading liquidity, demand, and differences between token and share markets. There are additional issuer, custody, smart-contract, operational, and regulatory risks. Product terms, access, and redemption conditions may change or may not be available to every holder. A tokenized stock should not be assumed to provide the full rights or protections of a directly held share.

For self-custody, use a wallet that supports the specific network on which your LINON is held. Confirm the receiving network and token contract before transferring, and keep your recovery phrase offline and private. Sending a token to an incompatible network or address can result in permanent loss. If you use a custodial platform, review its custody and withdrawal terms. Never share your private keys or recovery phrase, and be alert to counterfeit tokens using the LINON name or ticker.