Meta Platforms (Ondo Tokenized Stock) 

METAON Price

What is Meta Platforms (Ondo Tokenized Stock)?

METAON gives crypto traders on-chain exposure to Meta Platforms Class A common stock (NASDAQ: META) without leaving a crypto venue. The ERC-20 token on Ethereum is issued by Ondo Finance through its Ondo Stocks / Ondo Global Markets platform, and each token tracks the full economic performance of one META share — price movements, dividends, and corporate actions. DropsTab classifies METAON as a tokenized stock, the RWA / tokenized-equity segment of crypto markets.

Why use a tokenized stock like METAON?

Tokenized stocks package equity exposure into a transferable on-chain instrument. Holders get around-the-clock secondary trading against USDT, automatic reinvestment of dividends net of withholding tax, and DeFi usability — a METAON position can move wallet-to-wallet or serve as collateral. A tokenized stock does not replace brokerage share ownership; the token mirrors the share's total return on-chain. METAON belongs to Ondo's platform of 200+ tokenized U.S. stocks and ETFs distributed across Ethereum, Solana, and BNB Chain.

What backs METAON's value?

Each METAON token is fully backed by one share of Meta Platforms Class A stock. The underlying shares are held with U.S.-registered broker-dealers or U.S.-chartered trust companies. An independent Verification Agent confirms the collateral daily, and a Security Agent holds a first-priority security interest in the underlying shares. Meta's dividends flow into the token through automatic reinvestment, net of withholding tax.

Can you buy METAON in the United States?

No. METAON is offered only outside the United States and only to eligible non-U.S. persons. The token is not registered under the U.S. Securities Act, which excludes U.S. retail investors from the Ondo Stocks offering. The same restriction applies across Ondo's tokenized-equity platform — U.S. residency is a disqualifier, not a formality.

How does METAON's token supply work?

METAON supply is floating by design, not fixed by an emission schedule. The token is mintable and redeemable on demand against the underlying share, so supply expands and contracts with investor demand. METAON has no maximum supply and no insider or team allocation. Per DropsTab data, total supply stood at roughly 16,880 METAON as of August 2026 — a demand snapshot, not a cap.

Where does METAON trade — CEX, DEX, or both?

METAON trades exclusively on centralized exchanges (CEXs) in spot METAON/USDT pairs — no decentralized exchange (DEX) or derivative markets are tracked. Per DropsTab data, all tracked venues are CEX listings, with Gate the most liquid market and the remainder on established mid-tier exchanges rather than tier-1 spot markets, keeping liquidity risk moderate-to-low. Secondary crypto trading runs 24/7, while primary mint/redeem through Ondo operates 24/5 (Sunday 8pm ET – Friday 8pm ET).

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

No. METAON is a tokenized stock tracking Meta Platforms equity; ONDO is Ondo Finance's governance token — different assets with different mechanics. METAON is also distinct from the underlying NASDAQ: META share and from alternative tokenized META wrappers such as Backed Finance xStocks (xMETA, Solana SPL) or Reality Protocol rTokens, which use different issuers and custody structures.