Blackrock, Inc. (Ondo Tokenized Stock) 

BLKON Price

What is Blackrock, Inc. (Ondo Tokenized Stock) (BLKON)?

BLKON is a tokenized share of BlackRock, Inc. (NYSE: BLK) common stock issued by Ondo Finance's Ondo Global Markets platform. The token gives crypto users on-chain exposure to BlackRock equity — price exposure packaged as a token deployed natively on Ethereum (primary), BNB Chain, and Solana — without going through a traditional brokerage. BLKON is a tokenized stock, not a cryptocurrency. Each token corresponds to a custodied BLK share, with dividends effectively reinvested rather than paid out. Inception date: July 31, 2025.

Is BLKON the same as Ondo Finance's ONDO token?

No. BLKON is neither Ondo's governance token (ONDO) nor a BlackRock-issued crypto product. Ondo Finance is the issuer; BlackRock is the underlying equity. In July 2026, Ondo debuted an SEC-aligned US tokenized-stock model with BlackRock's IVV ETF and Micron (MU) shares as the first US-framework securities. BLKON predates that model — the token is the earlier offshore instrument, domiciled in the British Virgin Islands.

Does BlackRock have a stake in Ondo?

No. There is no BlackRock equity stake in Ondo Finance. The relationship runs the other way: Ondo allocates to BlackRock funds as part of its product infrastructure. In the BLKON structure, BlackRock is the underlying equity, while Ondo Finance is the issuer.

What is BlackRock tokenized fund?

BlackRock's tokenized fund is BUIDL. It should not be confused with BLKON: BUIDL is a tokenized fund product from BlackRock itself, whereas BLKON is tokenized stock in BlackRock (NYSE: BLK) issued by Ondo Finance — different products with different issuers.

Which asset does the BLKON tokenized stock represent and what backs its value?

Each BLKON token represents one custodied share of BlackRock, Inc. (NYSE: BLK) common stock. The institutional infrastructure: Alpaca Securities acts as broker and transfer agent, BitGo as crypto custodian, and BPM UK Audit as auditor. Holders receive economic exposure similar to owning BLK shares directly. Dividends are effectively reinvested into the position rather than distributed as cash.

What is the point of a tokenized stock?

A tokenized stock packages equity price exposure as an on-chain token, so crypto users can hold the position without a traditional brokerage account. BLKON illustrates the model: subscriptions and redemptions run 24 hours a day, five days a week, settle in USDC through the Ondo app, and the token itself lives on public blockchains.

How is BLKON minted and redeemed?

BLKON is minted on subscription and burned on redemption through the Ondo app, with USDC as the settlement currency. Minting and redemption run 24 hours a day, five days a week, with access to traditional exchange liquidity. Ondo charges 0% subscription, redemption, and management fees. Because tokens are created and destroyed on demand, the Ondo primary market — not a secondary exchange — is the main entry and exit channel.

Does BLKON have a fixed token supply?

No. BLKON has no maximum supply — token supply floats with the number of custodied BLK shares, expanding on subscription and contracting on redemption. Per DropsTab data, total supply stood at roughly 1,714 BLKON as of August 2026, deployed across Ethereum (primary), BNB Chain, and Solana, with almost all of the supply on Ethereum. Treat that figure as a snapshot of a floating supply, not a cap.

Can US persons buy the BLKON tokenized stock?

No — US persons are excluded. BLKON is issued under the US Securities Act Regulation S exemption, which restricts the offering to non-US persons, and the issuing entity is domiciled in the British Virgin Islands. Transferability is jurisdiction-dependent. Ondo launched a separate SEC-aligned US framework in July 2026 for US-accessible tokenized securities, but BLKON itself remains the earlier offshore instrument.

Where can BLKON be bought or traded?

BLKON has no centralized exchange listings — Binance's price tracker explicitly marks the token "not listed on Binance for trading". Secondary on-chain liquidity is minimal: a low-liquidity BLKon/USDC pool on Uniswap V4 (Ethereum), reachable via DEX aggregators such as OKX DEX and KyberSwap. The practical venue is Ondo's own app with mint/redeem access to traditional exchange liquidity. Near-zero secondary liquidity is BLKON's main trading risk.