ServiceNow (Ondo Tokenized Stock) 

NOWON Price

What is ServiceNow (Ondo Tokenized Stock)?

ServiceNow (Ondo Tokenized Stock) — ticker NOWON — is an ERC-20 token on Ethereum that gives holders economic exposure to ServiceNow, Inc. (NYSE: NOW) common stock without leaving crypto rails. NOWON is issued under Ondo Finance's Global Markets platform as part of a tokenized-equities series that includes NVDAon, METAon, CVXon and BABAon. The token trades 24/7 and wraps a real US-listed security — RWA tokenization rather than a native crypto asset.

How many ServiceNow shares does one NOWON token represent?

One NOWON token represents 5.00 shares of ServiceNow common stock, per Ondo's asset specification. The fixed 5:1 ratio explains why a single NOWON trades at a multiple of one NYSE: NOW share on exchanges. Issuance and redemption both operate at the same ratio — no other conversion mechanics exist.

What backs the NOWON token's value?

NOWON is backed by custodied ServiceNow stock held against tokens in circulation. Supply is elastic by design: Ondo mints NOWON when underlying exposure is created and burns NOWON on redemption, so no fixed maximum supply exists. Per DropsTab data, total supply stood at roughly 2,941 NOWON as of August 2026 — a snapshot that drifts continuously with mint and redemption activity.

Does NOWON pay ServiceNow dividends?

NOWON does not distribute dividends to holders. Dividends accruing to the underlying ServiceNow position are reinvested into the token, per issuer documentation, compounding exposure instead of paying cash. Holders receive the economic effect through the token's value rather than periodic payouts — a structural difference from holding NOW shares in a brokerage account.

Where can you trade the NOWON token?

NOWON trades on centralized crypto exchanges and on the issuer's own venue. KCEX operates a live NOWON/USDT spot pair. Ondo's app serves as the primary issuer venue for direct tokenized-equity trading. Realized liquidity is thin relative to major crypto assets, so spreads versus the underlying NOW price can widen.

Can you trade NOWON when the NYSE is closed?

Yes. NOWON trades 24/7, including weekends and NYSE closures, like the rest of Ondo's tokenized-equities series. Price discovery continues around the clock because the token changes hands on crypto venues independently of the underlying market's sessions. The trade-off is execution risk: without a live NYSE reference price, spreads versus ServiceNow's last official close can widen during off-hours trading.

Is NOWON the same as owning ServiceNow stock?

No. NOWON holders own a blockchain token carrying economic exposure to ServiceNow stock — not the share itself. The wrapper confers no voting rights, and dividends are reinvested rather than paid out. NOWON also represents a US-listed security, so the token falls under securities regulation and jurisdiction-based access restrictions that vary by region.

What is the point of tokenized stocks?

Tokenized stocks give crypto users on-chain exposure to US equities — no brokerage account or off-ramping required. NOWON adds 24/7 trading, self-custody, and programmable transfer to ServiceNow exposure that would otherwise be confined to NYSE trading hours. For crypto-native portfolios, the wrapper means one wallet and one settlement layer for both crypto assets and equity exposure.

Are tokenized stocks legitimate?

NOWON is issued under Ondo Finance's Global Markets platform; Ondo Finance is a major tokenized-real-world-asset issuer. The NOWON contract is verified on Ethereum at a published address. Legitimacy carries structural limits: the token represents a US-listed security subject to securities regulation, and jurisdiction-based access restrictions mean availability of Ondo's tokenized equities differs by region.