IVVON iShares Core S&P 500 ETF (Ondo Tokenized ETF) Rank #345

IVVON is a tokenized representation of the iShares Core S&P 500 ETF (IVV), one of the largest exchange-traded funds tracking the performance of the S&P 500 index. The token is issued through Ondo Finance's tokenization platform, which mirrors the economic characteristics of the underlying ETF, including exposure to its price movements and the reinvestment of any dividends. The token belongs to the broader Ondo Tokenized Assets initiative, which deploys across multiple blockchain networks including Ethereum, BNB Chain, Solana, and the HyperEVM ecosystem. Ondo's tokenized stocks and ETFs are designed to give non-U.S. retail and institutional users around-the-clock access to traditional U.S. equity instruments, with minting and redemption available during extended market hours tied to traditional exchange liquidity. IVVON is classified within the Real World Assets (RWA) and Tokenized ETF/ETP categories, representing the application of blockchain technology to bring conventional exchange-traded products on-chain. As a tokenized security, its value is intended to track the underlying ETF, subject to applicable restrictions and the operational framework of the Ondo platform.