Mastercard (Ondo Tokenized Stock) (MAON): What It Is

MAON, also called Mastercard (Ondo Tokenized Stock), is a tokenized asset designed to provide economic exposure similar to holding Mastercard stock (MA). Ondo describes its tokenized stocks as products that let eligible users mint and redeem tokens tied to U.S. stocks and exchange-traded funds. The stated exposure includes reinvesting any dividends. MAON is not the same thing as Mastercard’s ordinary shares, and the token’s name does not mean Mastercard issued it. the public information available here do not establish that MAON holders have shareholder voting rights or other rights attached to directly held stock. Check the product’s current legal terms to understand exactly what the token represents and what rights holders have. MAON is also distinct from ONDO, Ondo Finance’s separate token; the two names refer to different assets.

The intended use of MAON is to represent Mastercard-linked economic exposure on a blockchain. Ondo says its tokenized stocks can be minted and redeemed by non-U.S. retail and institutional users, subject to additional restrictions. The service is described as available around the clock, five days a week, with access to traditional exchange liquidity. That description does not guarantee that every user can access the product, that every transaction will be available at all times, or that a token can always be redeemed immediately. Eligibility, supported locations, fees, trading conditions and redemption requirements may depend on Ondo’s current terms. Before using MAON, confirm those details and understand whether the product is suitable for your circumstances. It is not a general-purpose payment token, and public sources do not identify a separate governance or utility role for MAON.

MAON is reported as issued on Ethereum, Solana and BNB Chain; it is not described as the native token of any of those networks. That means the version you hold is associated with a particular chain, and transfers or storage must use a compatible network. As of 2026-11-05, the reported circulating supply was about 2,180.4 tokens. The reported total supply was about 2,180.3, a figure that is lower than the circulating amount and therefore does not reconcile. No maximum supply is listed. Treat these supply figures as approximate and check current official product information before relying on them. For context, the reported price was about $679 and market capitalization about $1.5 million as of 2026-11-05; these values can change quickly and are not a guide to future performance.

MAON carries risks beyond ordinary Mastercard share-price movements. Its value may not track the underlying stock perfectly, and the token’s market price can also be affected by liquidity, trading conditions, redemption rules and demand. Token holders depend on the product’s issuer and legal structure, so they should review who is responsible for the asset and what claims holders can make. The availability of minting, redemption or trading may be limited by eligibility rules, location, market hours or other restrictions. There are also blockchain risks, including transaction errors, network outages, smart-contract vulnerabilities and loss of access to a wallet. Public sources do not specify all fees, custody arrangements or holder rights. Read current terms and consider the possibility of losing some or all of the value you put at risk; no tokenized stock guarantees the same protections as directly holding shares.

MAON should be held in a wallet that supports the specific chain and token contract you are using. Because the asset is reported on Ethereum, Solana and BNB Chain, confirm the network carefully before receiving or transferring it. Sending tokens to an incompatible address or using the wrong network can result in loss. Check the official product details for the correct token information rather than relying on a ticker alone; token symbols can be copied by unrelated assets. Keep wallet recovery information private, and understand that self-custody means you are responsible for securing access. If using a custodial platform, review its custody and withdrawal terms. Availability can depend on location and user eligibility, so verify current restrictions before attempting to mint, redeem or trade. These precautions do not remove the market, issuer or blockchain risks associated with MAON.