1.94%What UNGON tracks
UNGON tracks United States Natural Gas Fund, a fund linked to oil, natural gas, or energy companies. Funds in this group either hold futures contracts on the commodity or hold shares in energy producers and service companies.
A futures-based fund rolls its contracts forward as they expire, so over months it can drift away from the spot price. A fund holding energy companies moves with company results and the stock market as well as with energy prices.
About US Natural Gas Fund (Ondo Tokenized)
UNGon is the Ondo Tokenized version of the US Natural Gas Fund, giving tokenholders economic exposure similar to holding UNG 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.
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How UNGON works
UNGON 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. UNGON tracks the price of United States Natural Gas Fund, 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 UNGON, and it does not issue, back, or custody the token.
The price of UNGON 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 UNGON doesn't pay distributions, so the value of UNGON reflects price movement alone.
When can you trade UNGON?
UNGON 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 UNGON comes from on-chain trading alone and can drift from the fund's last close.
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| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | VanEck Oil Services ETF | $369.534 | 0.16% | Ondo | US market hours | |
| 2 | SPDR S&P Oil & Gas Exploration & Production ETF | $182.922 | 0.40% | Backed Finance | US market hours | |
| 3 | United States Oil Fund | $144.688 | 1.22% | Ondo | US market hours | |
| 4 | Energy Select Sector SPDR Fund | $64.36 | 0.07% | Backed Finance | US market hours | |
| 5 | United States Brent Oil Fund | $60.74 | 1.71% | Ondo | US market hours |