FFOGON is a token on Solana that tracks the price of Franklin Focused Growth ETF. It's issued by Ondo Finance, not by Solflare, and gives you price exposure to the underlying ETF without making you a holder of it. You can hold and swap FFOGON in a self-custody wallet such as Solflare.

Why can the price of FFOGON differ from Franklin Focused Growth ETF?

The price of FFOGON is set by on-chain trading on Solana. When the underlying market is closed, there's no live price to follow, and when liquidity is thin, a small swap can move the token's price. A scaling factor, where one applies, also means the token's price won't match the underlying price one for one.

What happens if FFOGON has low liquidity?

Low liquidity means a small swap can move the price of FFOGON, the spread between buying and selling widens, and selling can cost more than you expect. The token's price can also sit further from the underlying asset. Liquidity on tokenized funds and commodities varies a lot between tokens and over the course of a day.

You buy FFOGON by swapping SOL, USDC, or another Solana token for it in a self-custody wallet such as Solflare. The swap settles on Solana, so no brokerage account is involved. Keep a small SOL balance for network fees, and check Ondo Finance's terms first, since availability varies by jurisdiction.

Does FFOGON pay dividends or distributions?

No. The asset behind FFOGON doesn't pay distributions, so the token's value reflects price movement alone.

When can I trade FFOGON?

You can swap FFOGON on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of FFOGON comes from on-chain trading alone, so spreads can widen and the price can drift from the fund's last close until the market reopens.

FFOGON price today: Franklin Focused Growth ETF on Solana

Q: Is buying FFOGON the same as buying Franklin Focused Growth ETF?

No. FFOGON is a separate token that tracks the price of Franklin Focused Growth ETF. Holding it gives you the price exposure, but not shareholder rights or a direct claim on the underlying holdings. Any redemption into the underlying asset is handled by Ondo Finance for eligible clients under its own terms, not by Solflare.

Q: Who issues FFOGON?

Ondo Finance issues FFOGON. 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. Solflare is a self-custody wallet that lets you hold and swap FFOGON; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What FFOGON tracks

FFOGON tracks Franklin Focused Growth ETF, an index fund that holds a broad basket of stocks according to its index rules. Its price follows the fund's share price, which moves with the combined value of the companies in the index.

Because an index fund spreads its holdings across many companies, trouble at any single company has a limited effect on it. The fund still falls when the broad market falls.

About Franklin Focused Growth ETF (Ondo Tokenized)

FFOGon is the Ondo Tokenized version of the Franklin Focused Growth ETF, giving tokenholders economic exposure similar to holding FFOG 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.

Website

FFOGON contract address

CYAwMGyuNSDu7NpuccNwcxMNS5Bu9akxU2Jooyiondo

Ticker

FFOGON

Issuer

Ondo Finance

Status

Verified

How FFOGON works

FFOGON 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. FFOGON tracks the price of Franklin Focused Growth 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 FFOGON, and it does not issue, back, or custody the token.

The price of FFOGON 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 FFOGON doesn't pay distributions, so the value of FFOGON reflects price movement alone.

When can you trade FFOGON?

FFOGON 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 FFOGON comes from on-chain trading alone and can drift from the fund's last close.

Related markets

More in Index Funds

Rank				Tokenized by	Trading hours
1	iShares Core S&P 500 ETFIVVON	$753.20	1.51%	Ondo	US market hours
2	SPDR S&P 500 ETF TrustSPYX	$749.86	1.51%	Backed Finance	US market hours
3	SPDR S&P 500 ETF TrustSPYON	$749.86	1.51%	Ondo	US market hours
4	Vanguard S&P 500VOOX	$689.27	1.52%	Backed Finance	US market hours
5	Invesco QQQ TrustQQQX	$674.90	2.44%	Backed Finance	US market hours
6	Invesco QQQ TrustQQQON	$674.90	2.44%	Ondo	US market hours
7	Vanguard Total Stock Market ETFVTION	$369.058	1.54%	Ondo	US market hours
8	Vanguard Total Stock Market ETFVTIX	$369.058	1.54%	Backed Finance	US market hours
9	iShares Russell 2000 ETFIWMX	$276.119	1.74%	Backed Finance	US market hours
10	iShares Russell 2000 ETFIWMON	$276.119	1.74%	Ondo	US market hours
11	Vanguard Value ETFVTVON	$228.422	0.83%	Ondo	US market hours
12	iShares Russell 2000 Value ETFIWNON	$211.883	1.18%	Ondo	US market hours
13	iShares Core S&P Total US Stock Market ETFITOTON	$163.611	1.53%	Ondo	US market hours
14	Vanguard Total World Stock ETFVTX	$154.469	1.29%	Backed Finance	US market hours
15	iShares Core S&P Small-Cap ETFIJRX	$140.053	1.25%	Backed Finance	US market hours
16	iShares Russell 1000 Growth ETFIWFON	$114.017	2.33%	Ondo	US market hours
17	WisdomTree US Quality Dividend Growth FundDGRWON	$97.724	1.17%	Ondo	US market hours
18	Vanguard Growth ETFVUGX	$83.705	2.10%	Backed Finance	US market hours
19	Franklin US Large Cap Multifactor Index ETFFLQLON	$75.571	1.82%	Ondo	US market hours
20	iShares Core S&P Mid-Cap ETFIJHON	$73.404	1.34%	Ondo	US market hours
21	Franklin U.S. Equity IndexUSPXX	$65.53	1.49%	Backed Finance	US market hours
22	Franklin U.S. Mid Cap Multi-FactorFLQMX	$62.724	0.35%	Backed Finance	US market hours
23	Franklin Small Cap EnhancedFSMLX	$28.606	1.46%	Backed Finance	US market hours

Prices are volatile and can fall as well as rise. FFOGON is issued by Ondo Finance and gives price exposure to Franklin Focused Growth ETF, not fund shares, shareholder rights, or a claim on the fund's holdings; redemption terms are set by the issuer. Liquidity can be thin, which widens spreads and can move the price on small swaps, especially outside US market hours. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody this token. Nothing here is financial advice.

Learn

Franklin Focused Growth ETF (FFOGON) price

Franklin Focused Growth ETF price chart