Apple (Ondo Tokenized Stock) 

AAPLON Price

What is Apple (Ondo Tokenized Stock) (AAPLON)?

AAPLon gives crypto traders on-chain exposure to Apple (NASDAQ: AAPL) shares — tokenized equity that trades on crypto infrastructure rather than a stock exchange. Ondo Global Markets (BVI) Limited issues AAPLon as part of the Ondo Stocks program, deployed on Ethereum since July 31, 2025. Holders receive total-return exposure to Apple, with dividends reinvested. AAPLon is a tokenized stock, not to be confused with ONDO, the Ondo Finance governance token.

How does AAPLON track Apple stock?

AAPLon is a total-return tracker of Apple shares. Dividends paid on the underlying AAPL stock are automatically reinvested into the token, net of withholding taxes. Corporate actions such as stock splits are reflected in the AAPLon token supply. The result is economic exposure similar to holding Apple stock directly, minus direct share ownership.

What backs the AAPLON token's value?

Underlying Apple shares held at a U.S. broker-dealer back every AAPLon token. Alpaca Securities LLC holds the shares, BitGo acts as crypto custodian, and BPM UK Audit Ltd audits the program. An independent Security Agent holds a first-priority security interest on behalf of tokenholders, insulating the underlying assets from the issuer's own balance sheet.

How is AAPLON minted and redeemed?

Users subscribe with USDC to mint AAPLon instantly; redemption burns the token and returns value. Ondo charges 0% management, performance, subscription, and redemption fees. Direct mint and redemption run 24/5 — Sunday 8pm ET to Friday 8pm ET — while on-chain transfer and secondary trading run 24/7.

Does the AAPLON token have a fixed maximum supply?

AAPLon has no fixed supply cap. The token uses an elastic mint-and-burn model: new tokens are created on subscription and burned on redemption, so supply tracks demand for Apple exposure. Per DropsTab data, total supply stood at roughly 27,300 AAPLon as of August 2026 — a live snapshot, not a ceiling. No investor unlocks or inflation schedule exist.

Which blockchains is AAPLON deployed on?

AAPLon is natively deployed on three chains: Ethereum (ERC-20), BNB Chain (ERC-20), and Solana (token-2022 standard). The Ethereum contract is a verified Ondo Global Markets GMToken beacon proxy. On-chain transfer volume has been concentrated on BNB Chain per rwa.xyz data, despite Ethereum hosting the original deployment.

Where can the AAPLON tokenized stock be traded?

Secondary trading splits between centralized and decentralized venues. Per DropsTab data, spot AAPLON/USDT pairs run on a short verified CEX list — Gate, BingX, and MEXC — while DEX liquidity sits in Uniswap v3 AAPLON/USDC pools on Ethereum. No derivative markets are tracked. Liquidity risk is moderate: thin venue depth means large orders can push secondary prices away from NAV, and the primary mint/redeem channel via Ondo is the tighter-priced path.

Can US users buy tokenized Apple stock like AAPLON?

AAPLon is issued under the U.S. Securities Act Regulation S exemption — offered only to eligible non-U.S. persons. U.S. retail investors cannot mint or redeem AAPLon through the Ondo platform. Un-onboarded holders in permitted jurisdictions can still buy AAPLon on secondary venues, but cannot redeem tokens via the platform itself.

Is AAPLON the same as ONDO or xAAPL?

AAPLon, ONDO, and xAAPL are three different instruments. AAPLon is the Ondo Global Markets wrapper of Apple stock. ONDO is the Ondo Finance governance token for a separate DeFi ecosystem. xAAPL is a Backed Finance xStock on Solana, and rAAPL is a Reality Protocol rToken — different issuers and different custody arrangements from AAPLon.