iShares Core S&P Total US Stock Market ETF (Ondo Tokenized ETF) 

ITOTON Price

What is ITOTon (Ondo Tokenized iShares ITOT ETF)?

ITOTon gives crypto traders on-chain exposure to the entire US equity market — an ERC-20 token on Ethereum issued by Ondo Finance that tracks the iShares Core S&P Total U.S. Stock Market ETF (ticker ITOT), a BlackRock core fund following the S&P Total Market Index of US large-, mid-, and small-cap equities. DropsTab classifies ITOTon as a Tokenized Stock (Real-World Asset). ITOTon trades 24/7, decoupled from US equity-market hours, targeting non-US and crypto-native investors.

Which asset does ITOTon track?

ITOTon tracks the iShares Core S&P Total U.S. Stock Market ETF (ITOT). ITOT holds approximately 2,448 US equities as of August 2026, with roughly $94–97.5B in AUM, an expense ratio of 0.03%, and top-10 concentration near 33–34%. NVIDIA (NVDA) is the largest position at about 7.24%. The token's value follows this broad basket rather than a single stock.

How is ITOTon backed and what custody is used?

Each ITOTon token is minted 1:1 (plus a buffer) against real ITOT ETF shares held by a regulated US broker-dealer — partner Alpaca — and independent custodial agents. Ondo's SEC-registered broker-dealer subsidiary Oasis Pro Markets provides the regulatory infrastructure. Tokens are burned on redemption, so circulating supply tracks the custodied ETF shares rather than a protocol emission schedule.

Where is ITOTon traded — on exchanges or via the issuer?

ITOTon trades through two channels. Primary issuance and redemption run on the Ondo app, which supports 24/7 minting with a $1 minimum and zero mint fees. For secondary trading, per DropsTab data, ITOTon has one public spot venue: MEXC with the ITOTON/USDT pair. No derivative or DEX markets are currently tracked.

What does ITOTon's single-market availability mean for liquidity?

Concentration on a single public CEX pair carries liquidity risk. Spreads and depth on MEXC may diverge from the underlying ITOT NAV, especially outside US market hours given 24/7 trading. The Ondo app remains the primary mint/redeem venue for direct NAV-anchored flows. No DEX liquidity is currently tracked on DropsTab for ITOTon.

Does ITOTon pass through dividends from the underlying ETF?

The underlying ITOT pays quarterly distributions at a roughly 1.01% 12-month trailing yield (0.97% 30-day SEC yield as of July 31, 2026). Dividend pass-through to ITOTon tokenholders depends on Ondo's wrapper terms — users should confirm current treatment on the Ondo app rather than assume direct passthrough.

How does ITOTon differ from other tokenized ITOT wrappers?

ITOTon is Ondo Finance's Ethereum ERC-20 wrapper. Other issuers maintain separate ITOT wrappers with different custody: Backed Finance xStocks (x-suffix, Solana SPL) and Reality Protocol rTokens (r-prefix). These are distinct instruments — different chains, custodians, and regulatory frameworks — and are not interchangeable with ITOTon.

What is ITOTon's token supply?

ITOTon has no fixed maximum supply. Per DropsTab data, total supply is 75,500.74 tokens as of August 14, 2026. Supply drifts continuously as new tokens are minted against deposited ITOT shares and burned on redemption, so any published figure is a moving snapshot rather than a hard cap.