What EWYON tracks
EWYON tracks iShares MSCI South Korea 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.
About iShares MSCI South Korea ETF (Ondo Tokenized)
EWYon is the Ondo Tokenized version of the iShares MSCI South Korea ETF, giving tokenholders economic exposure similar to holding EWY 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.
EWYON contract address
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How EWYON works
EWYON 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. EWYON tracks the price of iShares MSCI South Korea 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 EWYON, and it does not issue, back, or custody the token.
The price of EWYON 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 EWYON doesn't pay distributions, so the value of EWYON reflects price movement alone.
When can you trade EWYON?
EWYON 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 EWYON comes from on-chain trading alone and can drift from the fund's last close.
Related markets
Other tokens tracking iShares MSCI South Korea ETF
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | iShares MSCI South Korea | $140.411 | 3.40% | Backed Finance | US market hours |