Lockheed (Ondo Tokenized Stock) 

LMTON Price

What is Lockheed (Ondo Tokenized Stock)?

LMTON gives crypto traders on-chain exposure to Lockheed Martin (NYSE: LMT) equity — a tokenized stock issued by Ondo Global Markets (BVI) Ltd, the tokenization arm of Ondo Finance, as an ERC-20 on Ethereum. The asset belongs to Ondo Stocks, launched September 3, 2025 with 100+ tokenized U.S. stocks and ETFs across Ethereum, BNB Chain, and Solana, in partnership with broker-dealer Alpaca. Each token tracks the economic value of one LMT share, including corporate actions.

Which underlying asset does LMTON track?

LMTON tracks one share of Lockheed Martin Corporation common stock, listed on the NYSE under ticker LMT. Lockheed Martin is a publicly listed U.S. defense contractor. The token is a transferable ERC-20 claim on that share's economic value — LMTON confers price exposure, not direct share ownership. The wrapper contract runs on Ethereum with 18 decimals.

Why hold a tokenized stock instead of buying the share directly?

Tokenized stocks let crypto users hold equity exposure inside on-chain infrastructure. LMTON functions as a standard ERC-20, so the token moves through wallets and DeFi applications without an equities brokerage account. Ondo's primary mint/redeem operates 24/5 — Sunday 8pm ET to Friday 8pm ET for non-flagship assets — versus NYSE market hours for the underlying share. Transferability and DeFi composability are the practical advantages.

What backs LMTON's value?

One LMT share held at a U.S.-registered broker-dealer or U.S.-chartered trust company backs every LMTON token. An independent Verification Agent publishes daily backing reports. A Security Agent holds a first-priority security interest for tokenholders. LMTON is therefore a fully collateralized claim rather than an algorithmic peg — the residual risks sit in wrapper mechanics and secondary-market liquidity, not in reserve adequacy.

Do tokenized stocks pay dividends?

LMTON does not pay cash dividends. Lockheed Martin's dividends are automatically reinvested into the underlying stock, net of withholding taxes, so each LMTON appreciates in backing per token instead — a total-return structure. Holders receive dividend value through the token's redemption claim rather than through distributions. That treatment follows Ondo's Stocks documentation.

How safe are tokenized stocks like LMTON?

LMTON's safety model rests on full backing plus independent verification, as described above. Risks remain explicit: LMTON is a wrapper claim, not direct share ownership; the secondary venue set is thin relative to the float, so spreads can exceed NYSE-listed LMT; and other LMT wrappers exist — Backed xStocks and Reality Protocol rTokens use different custody and are different instruments. Verify the issuer behind any LMT token before buying.

Is LMTON traded on centralized exchanges or DEXs?

LMTON trades primarily as a centralized-exchange spot asset. Per DropsTab data, Gate lists a verified LMTON/USDT spot pair, and no derivative markets are listed. Off-platform, secondary liquidity also exists on DEX venues such as Uniswap and via Binance Alpha. Because the float is small, primary mint/redeem through Ondo is the deeper liquidity path for eligible users.

Can you buy LMTON tokenized stock in the US?

No. The Ondo Global Markets offering is explicitly not available to U.S. persons. Eligible non-U.S. users can mint and redeem LMTON directly through Ondo after onboarding and KYC — non-onboarded secondary buyers cannot redeem on-platform. Secondary purchase on the listed exchange market remains the alternative. Availability ultimately depends on each user's jurisdiction.

Why does LMTON have no fixed maximum supply?

LMTON has no maximum supply because tokens are minted and burned on demand rather than emitted on a schedule. Eligible users mint LMTON against deposited Lockheed exposure and burn tokens on redemption, so supply tracks demand for on-chain LMT exposure. Per DropsTab data, total supply stood near 7,350 LMTON as of August 2026 and drifts daily. No allocation, emission schedule, or insider tranche exists.