VTVON is a token on Solana that tracks the price of Vanguard Value ETF. It's issued by Ondo Finance, not by Solflare, and gives you price exposure to the underlying ETF without making you a holder of it. You can hold and swap VTVON in a self-custody wallet such as Solflare.

Why can the price of VTVON differ from Vanguard Value ETF?

The price of VTVON is set by on-chain trading on Solana. When the underlying market is closed, there's no live price to follow, and when liquidity is thin, a small swap can move the token's price. A scaling factor, where one applies, also means the token's price won't match the underlying price one for one.

What happens if VTVON has low liquidity?

Low liquidity means a small swap can move the price of VTVON, the spread between buying and selling widens, and selling can cost more than you expect. The token's price can also sit further from the underlying asset. Liquidity on tokenized funds and commodities varies a lot between tokens and over the course of a day.

You buy VTVON by swapping SOL, USDC, or another Solana token for it in a self-custody wallet such as Solflare. The swap settles on Solana, so no brokerage account is involved. Keep a small SOL balance for network fees, and check Ondo Finance's terms first, since availability varies by jurisdiction.

Does VTVON pay dividends or distributions?

Not as separate payments. When the underlying fund pays a distribution, Ondo Finance folds it into the token's scaling factor, so each VTVON represents slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can I trade VTVON?

You can swap VTVON on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of VTVON comes from on-chain trading alone, so spreads can widen and the price can drift from the fund's last close until the market reopens.

VTVON price today: Vanguard Value ETF on Solana

Q: Is buying VTVON the same as buying Vanguard Value ETF?

No. VTVON is a separate token that tracks the price of Vanguard Value ETF. Holding it gives you the price exposure, but not shareholder rights or a direct claim on the underlying holdings. Any redemption into the underlying asset is handled by Ondo Finance for eligible clients under its own terms, not by Solflare.

Q: Who issues VTVON?

Ondo Finance issues VTVON. 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. Solflare is a self-custody wallet that lets you hold and swap VTVON; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What VTVON tracks

VTVON tracks Vanguard Value 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 Value ETF (Ondo Tokenized)

Tokenized asset from Ondo Finance representing Vanguard Value ETF (Ondo Tokenized).

Website

VTVON contract address

KuiYLPVq65qixD9TgvxBC576C4gG6vVTCdbh2zFondo

Ticker

VTVON

Issuer

Ondo Finance

Status

Verified

How VTVON works

VTVON 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. VTVON tracks the price of Vanguard Value 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 VTVON, and it does not issue, back, or custody the token.

The price of VTVON 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 VTVON 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 VTVON?

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

The scaling factor for VTVON

The scaling factor for VTVON is 1.0142. 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

More in Index Funds

Rank				Tokenized by	Trading hours
1	iShares Core S&P 500 ETFIVVON	$753.20	1.51%	Ondo	US market hours
2	SPDR S&P 500 ETF TrustSPYX	$749.86	1.51%	Backed Finance	US market hours
3	SPDR S&P 500 ETF TrustSPYON	$749.86	1.51%	Ondo	US market hours
4	Vanguard S&P 500VOOX	$689.27	1.52%	Backed Finance	US market hours
5	Invesco QQQ TrustQQQX	$674.90	2.44%	Backed Finance	US market hours
6	Invesco QQQ TrustQQQON	$674.90	2.44%	Ondo	US market hours
7	Vanguard Total Stock Market ETFVTION	$369.058	1.54%	Ondo	US market hours
8	Vanguard Total Stock Market ETFVTIX	$369.058	1.54%	Backed Finance	US market hours
9	iShares Russell 2000 ETFIWMX	$276.119	1.74%	Backed Finance	US market hours
10	iShares Russell 2000 ETFIWMON	$276.119	1.74%	Ondo	US market hours
11	iShares Russell 2000 Value ETFIWNON	$211.883	1.18%	Ondo	US market hours
12	iShares Core S&P Total US Stock Market ETFITOTON	$163.611	1.53%	Ondo	US market hours
13	Vanguard Total World Stock ETFVTX	$154.469	1.29%	Backed Finance	US market hours
14	iShares Core S&P Small-Cap ETFIJRX	$140.053	1.25%	Backed Finance	US market hours
15	iShares Russell 1000 Growth ETFIWFON	$114.017	2.33%	Ondo	US market hours
16	WisdomTree US Quality Dividend Growth FundDGRWON	$97.724	1.17%	Ondo	US market hours
17	Vanguard Growth ETFVUGX	$83.705	2.10%	Backed Finance	US market hours
18	Franklin US Large Cap Multifactor Index ETFFLQLON	$75.571	1.82%	Ondo	US market hours
19	iShares Core S&P Mid-Cap ETFIJHON	$73.404	1.34%	Ondo	US market hours
20	Franklin U.S. Equity IndexUSPXX	$65.53	1.49%	Backed Finance	US market hours
21	Franklin U.S. Mid Cap Multi-FactorFLQMX	$62.724	0.35%	Backed Finance	US market hours
22	Franklin Focused Growth ETFFFOGON	$45.515	2.40%	Ondo	US market hours
23	Franklin Small Cap EnhancedFSMLX	$28.606	1.46%	Backed Finance	US market hours

Prices are volatile and can fall as well as rise. VTVON is issued by Ondo Finance and gives price exposure to Vanguard Value ETF, not fund shares, shareholder rights, or a claim on the fund's holdings; redemption terms are set by the issuer. Liquidity can be thin, which widens spreads and can move the price on small swaps, especially outside US market hours. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody this token. Nothing here is financial advice.

Learn

Vanguard Value ETF (VTVON) price

Vanguard Value ETF price chart