What SOXXON tracks
SOXXON tracks iShares Semiconductor ETF, a fund that holds companies from one industry or theme. Its price follows the fund's share price, which moves with the fortunes of that sector.
Because the fund's holdings share the same industry risks, it tends to swing more than a broad index fund and can lead or lag the wider market for long stretches.
About iShares Semiconductor ETF (Ondo Tokenized)
SOXXon is the Ondo Tokenized version of the iShares Semiconductor ETF, giving tokenholders economic exposure similar to holding SOXX 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.
SOXXON contract address
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How SOXXON works
SOXXON 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. SOXXON tracks the price of iShares Semiconductor 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 SOXXON, and it does not issue, back, or custody the token.
The price of SOXXON 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 SOXXON doesn't pay distributions, so the value of SOXXON reflects price movement alone.
When can you trade SOXXON?
SOXXON 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 SOXXON comes from on-chain trading alone and can drift from the fund's last close.
Related markets
Other tokens tracking iShares Semiconductor ETF
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor | $146.906 | 5.65% | Backed Finance | US market hours |