0.72%What VNQON tracks
VNQON tracks Vanguard Real Estate 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 Vanguard Real Estate ETF (Ondo Tokenized)
VNQon is the Ondo Tokenized version of the Vanguard Real Estate ETF, giving tokenholders economic exposure similar to holding VNQ 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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XVNQON contract address
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How VNQON works
VNQON 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. VNQON tracks the price of Vanguard Real Estate 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 VNQON, and it does not issue, back, or custody the token.
The price of VNQON 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 VNQON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.
When can you trade VNQON?
VNQON 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 VNQON comes from on-chain trading alone and can drift from the fund's last close.
The scaling factor for VNQON
The scaling factor for VNQON is 1.0198. 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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|---|---|---|---|---|---|---|
| 1 | VanEck Semiconductor ETF | $479.357 | 4.92% | Backed Finance | US market hours | |
| 2 | iShares Semiconductor | $146.906 | 5.65% | Backed Finance | US market hours | |
| 3 | iShares Semiconductor ETF | $146.906 | 5.65% | Ondo | US market hours | |
| 4 | First Trust NASDAQ Cybersecurity ETF | $94.422 | 2.40% | Ondo | US market hours | |
| 5 | Franklin Intelligent Machines | $86.431 | 4.24% | Backed Finance | US market hours | |
| 6 | iShares U.S. Aerospace & Defense ETF | $71.055 | 1.99% | Backed Finance | US market hours | |
| 7 | iShares U.S. Aerospace & Defense ETF | $71.055 | 1.99% | Ondo | US market hours | |
| 8 | Global X US Infrastructure Development ETF | $52.975 | 1.87% | Ondo | US market hours | |
| 9 | Storage ETF (Roundhill) | $41.439 | 4.85% | Backed Finance | US market hours | |
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