MercadoLibre (Ondo Tokenized Stock) 

MELION Price

What is MercadoLibre (Ondo Tokenized Stock)?

MELION is an ERC-20 token on Ethereum that gives crypto traders on-chain exposure to MercadoLibre Inc. (NASDAQ: MELI) — the Latin American e-commerce and fintech company behind the Mercado Libre marketplace and Mercado Pago payments — without leaving crypto venues. Ondo Global Markets (BVI) Limited, part of Ondo Finance's Ondo Stocks platform, issues the token. Each MELION token tracks the economic performance of the underlying stock, with dividends automatically reinvested. DropsTab classifies MELION under Tokenized Stock.

What MELI exposure does MELION represent?

MELION represents economic exposure to MercadoLibre Inc. (NASDAQ: MELI) shares. MercadoLibre operates Latin America's largest online marketplace plus the Mercado Pago payments platform. A MELION holder does not own the share directly — Ondo Global Markets (BVI) Limited issues the token and holds the underlying stock, so holder risk sits with the issuer and its custody arrangement, not with a share registry.

How is MELION minted and redeemed on Ondo Stocks?

Eligible non-U.S. users mint and redeem MELION directly on app.ondo.finance in a single atomic transaction, with zero mint or burn fees. Minting and redemption for MELION run 24/5 — Sunday 8:00 pm ET to Friday 7:59 pm ET — pausing over weekends in line with traditional markets. Ondo introduced 24/7 minting on June 25, 2026, but only for six actively traded assets (NVDAon, SPYon, CRCLon, TSLAon, QQQon, GOOGLon). MELION is not among them. On-chain transfers run 24/7.

On which exchanges does MELION trade besides the Ondo platform?

Secondary trading is live but thin. MEXC operates a spot MELION/USDT market as part of a broader Ondo tokenized-stock spot program. Coinbase carries a MELION price-information page only and states the asset is "not tradable on Coinbase." Venue coverage is narrow and order books are thin, so exchange prices can deviate from Ondo's mint/redeem quote — redemption to stablecoins on the Ondo platform acts as the liquidity backstop.

Does MELION pay dividends to holders?

MELION does not pay cash dividends. Ondo reinvests MercadoLibre dividends into the underlying stock automatically, net of applicable withholding taxes. The reinvestment makes MELION a total-return tracker: over time a single token can represent exposure to more than one MELI share, so the token price can legitimately diverge from the NASDAQ stock quote.

Who is eligible to buy MELION?

Ondo offers MELION only outside the United States, to eligible non-U.S. persons — U.S. persons are excluded by the issuer. Direct mint and redemption requires KYC/AML onboarding with Ondo, and onboarding is currently institutional-only, with retail access announced as "coming soon." On-chain transfers between holders face no such gate: the token is freely transferable once issued.

What is MELION's total supply?

MELION has no fixed maximum supply. Tokens are minted on purchase and burned on redemption, so supply tracks net demand for MELI exposure rather than any emission schedule. Per DropsTab data, total supply stood at 416.25 MELION as of August 2026 — under 1,000 tokens outstanding. The Ondo Stocks platform holds over $1 billion in total value locked across 440+ tokenized stocks and ETFs, per Ondo's June 2026 announcement.

Are tokenized stocks like MELION legal in the US?

Tokenized equities occupy a developing regulatory space. Ondo excludes U.S. persons from MELION entirely — the product is offered only to eligible non-U.S. persons, and U.S. residents cannot onboard for mint or redemption. Tokens such as MELION are transferable on-chain, unlike traditional shares, and legal treatment of such instruments varies by jurisdiction.

What are the main risks of holding MELION?

MELION carries three structural risks distinct from ordinary stock ownership. Tracking drift: dividend reinvestment means the token price can diverge from the MELI share price over time. Liquidity: secondary order books are thin, and weekend mint/redeem pauses leave on-chain prices without an arbitrage anchor for roughly two days. Issuer and custody risk: value depends on Ondo Global Markets (BVI) Limited and safekeeping of the underlying shares, not on a self-custodied crypto asset.