What VTION tracks
VTION tracks Vanguard Total Stock Market 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 Vanguard Total Stock Market ETF (Ondo Tokenized)
Tokenized asset from Ondo Finance representing Vanguard Total Stock Market ETF (Ondo Tokenized).
VTION contract address
Ticker
Issuer
Status
VTION market data
- Market cap
- $129.27K
- Liquidity
- $129.27K
- 24h volume
- $0
- Fully diluted value
- $129.27K
- Holders
- 87
How VTION works
VTION 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. VTION tracks the price of Vanguard Total Stock Market 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 VTION, and it does not issue, back, or custody the token.
The price of VTION 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 VTION 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 VTION?
VTION 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 VTION comes from on-chain trading alone and can drift from the fund's last close.
The scaling factor for VTION
The scaling factor for VTION is 1.0080. 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.
Related markets
Other tokens tracking Vanguard Total Stock Market ETF
| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | Vanguard Total Stock Market ETF | $369.058 | 1.54% | Backed Finance | US market hours |