iShares MSCI Brazil ETF (EWZON) price

EWZON tracks iShares MSCI Brazil ETF, a fund that holds stocks listed outside the United States. Its price is quoted in US dollars, so it moves with both the shares it holds and the exchange rate between the dollar and those shares' local currencies.

Many of the fund's holdings trade on exchanges in other time zones, so during US hours the fund's price partly reflects estimates of where those shares will trade next.

EWZon is the Ondo Tokenized version of the iShares MSCI Brazil ETF, giving tokenholders economic exposure similar to holding EWZ 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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EWZON contract address

CBKcmEvVg5EgE3W5hVSPcBYWh6TFVjQwbmYod9Pondo

Ticker

EWZON

Issuer

Ondo Finance

Status

Verified

EWZON 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. EWZON tracks the price of iShares MSCI Brazil 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 EWZON, and it does not issue, back, or custody the token.

The price of EWZON 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.

When the underlying fund pays a distribution, Ondo Finance folds it into the token instead of paying it out, so each EWZON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

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

The scaling factor for EWZON is 1.0066. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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