What URAON tracks
URAON tracks Global X Uranium ETF, a fund holding mining companies or industrial metals such as copper, uranium, nickel, or rare earths. Where the fund holds company shares, its price moves with the metal and with company and stock-market risk.
Mining shares often move further than the metal they produce, in both directions.
About Global X Uranium ETF (Ondo Tokenized)
URAon is the Ondo Tokenized version of the Global X Uranium ETF, giving tokenholders economic exposure similar to holding URA and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.
URAON contract address
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How URAON works
URAON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. URAON tracks the price of Global X Uranium ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping URAON, and it does not issue, back, or custody the token.
The price of URAON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
The asset behind URAON doesn't pay distributions, so the value of URAON reflects price movement alone.
When can you trade URAON?
URAON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of URAON comes from on-chain trading alone and can drift from the fund's last close.
Related markets
Other tokens tracking Global X Uranium ETF
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | Global X Uranium ETF | $31.56 | 4.04% | Backed Finance | US market hours |