Ondas Inc. 

ONDS Price

What is Ondas Inc. (ONDS) tokenized stock?

Ondas Inc. (ONDS) on DropsTab is a tokenized stock that tracks the NASDAQ-listed equity of Ondas Holdings Inc. — giving crypto traders on-chain exposure to a US defense-drone and industrial-wireless company without leaving a centralized exchange. DropsTab classifies ONDS under TradFi. ONDS carries no native token supply and no smart contract. The instrument references the price of the underlying ONDS share, not an independent crypto asset.

Which company does the ONDS tokenized stock track?

The ONDS tokenized stock tracks Ondas Holdings Inc., a US company listed on NASDAQ under ticker ONDS. Ondas Holdings operates two segments. Ondas Networks builds FullMAX, a software-defined-radio private wireless platform for railroads, utilities, and oil and gas. Ondas Autonomous Systems delivers AI-powered drone, counter-drone, and defense platforms through American Robotics, Airobotics, Apeiro Motion, Roboteam, and Sentrycs.

How fast is Ondas Holdings growing?

Ondas Holdings reported FY2025 revenue of $49.7M, up from $5.3M in FY2024 — roughly 840% year-over-year growth. On July 22, 2026 Ondas announced approximately $70M in new defense and security orders secured over four weeks, spanning unmanned ground systems, border security, counter-UAS, and ISR. Ondas also launched a dedicated defense division. These are fundamentals of the underlying NASDAQ equity that the ONDS tokenized stock tracks.

Is Ondas working with Palantir?

Yes. Ondas Autonomous Systems partnered with Palantir in March 2025, initially around Palantir Foundry and later a multi-domain ISR effort with World View using Palantir's AIP platform. Ondas also holds early FAA approvals for beyond-visual-line-of-sight (BVLOS) drone operation. This partnership is a corporate development of Ondas Holdings, not a feature of the tokenized ONDS instrument.

How is ONDS stock traded — spot or perpetual?

ONDS trades primarily through derivatives on centralized exchanges (CEX). According to exchange data on DropsTab, ONDS holds spot liquidity on a single venue — WhiteBIT (ONDS/USDT) — while the remaining markets are USDT-margined perpetual futures across venues including Bybit, Binance Futures, KuCoin, OKX, Bitunix, and Gate.io. No decentralized exchange (DEX) liquidity is listed. Spot depth concentrated on one venue creates real liquidity risk versus multi-venue assets.

What backs the ONDS tokenized stock's value?

The ONDS tokenized stock references the price of Ondas Holdings shares on NASDAQ. ONDS is a price-tracking instrument, not a direct holding of the underlying share. The specific wrapper issuer behind the venues listed for ONDS is not disclosed. Regulatory exposure applies — a tokenized-stock wrapper referencing a US-listed equity may carry securities-law and jurisdictional restrictions depending on the issuing venue.

Which risks apply to holding the ONDS tokenized stock?

Three risks stand out for the ONDS tokenized stock. Equity dilution is material — Ondas Holdings reported 368,459,664 common shares outstanding as of November 10, 2025, up from 127,724,799 on March 31, 2025. Liquidity is concentrated, with spot exposure on a single venue and the rest perpetual futures carrying funding-rate and liquidation risk. Wrapper identity adds uncertainty — the issuing venue behind ONDS is not disclosed.