Cisco Systems (Ondo Tokenized Stock) 

CSCOON Price

What is Cisco Systems (Ondo Tokenized Stock)?

CSCOON is a tokenized stock that gives crypto traders on-chain exposure to Cisco Systems (NASDAQ: CSCO) common stock without leaving crypto market infrastructure. The token is issued by Ondo Global Markets (BVI-domiciled, now rebranded Ondo Stocks) as an ERC-20 token on Ethereum. The fund launched on July 31, 2025; the Ondo platform followed on September 5, 2025 with 100+ tokenized equities. Cisco itself has no role in the wrapper — Ondo is the issuer.

Why hold a tokenized stock like CSCOON?

Tokenized stocks extend equity exposure into crypto rails. CSCOON trades 24/7 on centralized exchanges, while NASDAQ-listed CSCO quotes only during U.S. market hours. The primary market lets investors mint CSCOON with USDC and redeem at the prevailing value of the underlying stock — at 0% subscription, redemption and management fees. Dividends are automatically reinvested into additional exposure.

How is CSCOON traded — spot, derivatives, or primary market?

CSCOON trades spot only. Per DropsTab data, all verified markets are spot pairs on centralized exchanges — no derivatives are listed and no DEX pools exist. The primary market runs separately from secondary trading: mint and redemption with USDC happens directly on the Ondo app, instant on weekdays aligned with U.S. market hours. Secondary exchange trading operates around the clock.

Where is the CSCOON token's liquidity concentrated?

Liquidity is concentrated in a handful of low-depth spot books on centralized exchanges. Thin order books can push secondary CSCOON prices to a premium or discount versus the underlying CSCO quote — the risk is highest on weekends, when the primary market is closed. Fast mint/redeem arbitrage corrects the gap only during U.S. market hours on weekdays.

Can US investors buy CSCOON tokenized stock?

No. CSCOON is unavailable to U.S. persons. Ondo Global Markets issued the token under Regulation S of the U.S. Securities Act — an offshore exemption that excludes both U.S. retail and institutional investors. The instrument explicitly targets non-U.S. investors, so U.S. residents cannot legally acquire CSCOON through the Ondo platform.

Is CSCOON's token supply Fixed or floating?

CSCOON has a floating supply with no fixed maximum — tokens are minted with USDC at purchase and burned at redemption, so outstanding supply tracks investor demand rather than a fixed cap. Per DropsTab data, total supply was approximately 25,275 CSCOON as of August 2026. Issuance is multi-chain: the bulk on Ethereum, with small amounts on BNB Chain and Solana.

What backs the CSCOON tokenized stock's value?

CSCOON is backed by Cisco Systems common stock held through a defined custody chain. Alpaca Securities serves as broker, transfer agent and custodian; BitGo acts as crypto custodian; BPM UK Audit audits the fund. Holders can redeem ERC-20 tokens at the prevailing value of the underlying stock. Ondo is the backer and issuer — Cisco Systems has no operational role in the wrapper.

Does CSCOON pay Cisco's dividends?

Yes. CSCOON passes Cisco's dividends through as automatic reinvestment rather than cash payouts. The last dividend was $0.42 per share. Dividends are reinvested net of withholding tax into additional exposure, giving holders total return on the underlying position. Corporate actions on Cisco stock adjust the token accordingly.