Starbucks (Ondo Tokenized Stock) 

SBUXON Price

What is Starbucks (Ondo Tokenized Stock) (SBUXON)?

SBUXON is a tokenized share of Starbucks Corporation common stock (NASDAQ: SBUX) issued by Ondo Global Markets. The ERC-20 token on Ethereum, with a BEP-20 version on BNB Chain, gives crypto traders on-chain exposure to the equity without leaving a wallet — transferable 24/7, including when NASDAQ is closed. SBUXON is a tokenized stock, not a cryptocurrency: one token represents one share's worth of Starbucks economic exposure.

How does SBUXON track the Starbucks stock price?

SBUXON stays anchored to NASDAQ-listed SBUX through a mint-and-redeem mechanism, not order-book arbitrage alone. Eligible users mint new tokens against deposited funds and redeem tokens for value, at 0% subscription and redemption fees per rwa.xyz data. Mint and redemption operate 24/5 — Sunday 8pm ET to Friday 7:59pm ET — while peer-to-peer transfer runs around the clock.

What backs SBUXON tokens?

Each SBUXON token is backed by Starbucks shares held with U.S.-registered broker-dealers or U.S.-chartered trust companies. Alpaca Securities LLC acts as custodian, broker, and transfer agent; BitGo serves as crypto custodian. An independent Verification Agent publishes a backing report every business day, and a Security Agent holds a first-priority security interest in the assets for tokenholders. Backing securities are not lent out without the tokenholder's consent.

Does the SBUXON tokenized stock pay dividends?

Yes. SBUXON is a total-return instrument: dividends paid on the underlying Starbucks shares are automatically reinvested into the token instead of being distributed as cash. Holders receive dividend exposure through token value rather than payout transactions. The wrapper tracks the share's total return, not price alone.

Who can mint and redeem SBUXON?

Only eligible non-U.S. persons can mint and redeem SBUXON, after completing KYC/AML onboarding on Ondo's platform. The offering runs under the U.S. Securities Act Regulation S exemption, which restricts the securities wrapper from U.S. retail participants. Anyone can hold and transfer SBUXON on-chain once the token has been issued.

Where can SBUXON be traded?

Per DropsTab data, Gate is the sole tracked spot venue, listing the SBUXON/USDT pair. The primary venue is Ondo's own platform, open to eligible non-U.S. users. Liquidity coverage outside the issuer venue is thin — spreads and depth may be materially worse than on NASDAQ-listed SBUX. The mint/redeem mechanism, rather than exchange order books, anchors the token's price.

Does SBUXON have a fixed token supply?

No. SBUXON has no maximum supply — the token count floats with user demand. Per DropsTab data, total supply stood near 19,750 SBUXON as of August 2026. Supply expands when qualified users mint tokens against deposited funds and contracts on redemption; per rwa.xyz, the vast majority sits on Ethereum with small balances on Solana and BNB Chain.

Is SBUXON the same as other tokenized Starbucks tokens?

No. SBUXON is Ondo Global Markets' wrapper and is distinct from two other tokenized-Starbucks instruments: Backed xStocks (x-suffix, Solana SPL) and Reality Protocol rTokens (r-prefix). The three products use different custody and issuance structures. Ticker convention separates them — SBUXON, with no prefix or suffix, is the Ondo instrument.