United States Oil 

OIL(USOON) Price

What is United States Oil (OIL(USOON)) tokenized stock?

United States Oil (market ticker OIL, token symbol USOon) is Ondo Finance's tokenized version of the United States Oil Fund, LP (NYSE Arca: USO) — USOon gives eligible non-U.S. crypto users on-chain exposure to crude oil without a brokerage account. The token is part of Ondo Global Markets, a lineup of 200+ tokenized U.S. stocks and ETFs. That lineup launched on Ethereum in September 2025. Ondo expanded it to Solana in January 2026 and to BNB Chain thereafter. Tokenholders receive economic exposure similar to holding USO shares.

Who is the largest tokenized stocks issuer?

Ondo Global Markets — now branded Ondo Stocks — is the largest tokenized-stock issuer by total value locked, with more than $1B locked across a lineup of 200+ tokenized stocks and ETFs. USOon is part of that lineup.

Which USO ETF does OIL(USOON) track?

OIL(USOON) tracks the United States Oil Fund, LP, listed on NYSE Arca under ticker USO. The underlying fund launched on April 10, 2006. It operates as a commodity pool regulated by the CFTC, and United States Commodity Funds LLC (USCF) serves as its general partner. The token is not a share of an operating company — it wraps an oil-futures ETF.

How does OIL(USOON) gain exposure to crude oil prices?

The underlying USO fund invests in oil futures contracts and over-the-counter swaps. The underlying fund's primary holdings are futures on NYMEX and ICE for light, sweet crude. Collateral for those positions sits in cash and short-term U.S. government obligations. Because the exposure is futures-based, the fund's value can diverge from spot crude due to contract rolls and contango. USCF explicitly warns the fund should not be viewed as an investment in light sweet crude oil itself.

What is USOon's token supply structure?

USOon has no fixed maximum supply. The token is a mint/redeem wrapper: supply expands when users mint new tokens and contracts when users redeem, so inventory mirrors demand rather than a fixed emission schedule. No team, investor, or ecosystem allocations exist, and no vesting schedule or TGE cliff applies — unlock-driven sell pressure is structurally absent. USOon runs on three chains: Ethereum, BNB Smart Chain, and Solana. The live circulating figure appears on the supply panel.

Where can traders buy the OIL(USOON) token?

Per DropsTab data, OIL(USOON) trades on a centralized spot market on MEXC (OIL(USOON)/USDT) and a decentralized Uniswap v3 pool (OIL(USOON)/USDC). DropsTab lists no derivative markets for the token. In Ondo's model, primary liquidity is created through minting and redemption at Ondo rather than through exchange order books. With only one centralized order book, depth is thin — slippage can be material relative to major listings.

Can anyone buy the OIL(USOON) tokenized stock?

No — Ondo restricts access to USOon and its other tokenized stocks to eligible non-U.S. users. The jurisdiction gate cuts the opposite way for the underlying fund: USCF's materials for the United States Oil Fund are intended for U.S. residents. Eligibility therefore determines both who can mint the token and who can redeem directly with Ondo.

Does OIL(USOON) pay dividends?

USOon pays no dividends in tokens or cash — any dividends generated by the underlying USO fund are reinvested rather than distributed to tokenholders, per Ondo's asset page. Reinvestment keeps the token's exposure on a total-return basis. The token discloses no staking or fee-accrual mechanism; the token's sole utility is economic exposure to the underlying fund.

How is USOon different from the USO ETF?

USO is a traditional ETF that trades on NYSE Arca during U.S. market hours through a brokerage account. USOon packages similar economic exposure into an on-chain token with 24/7 minting and redemption for eligible non-U.S. users. Holding USOon does not confer direct ownership of USO ETF shares — the wrapper transfers price exposure, not share ownership.

What are the main risks of United States Oil (OIL(USOON)) tokenized stock?

OIL(USOON) carries structure-specific risks rather than a simple crude-oil bet. The futures-based underlying fund can diverge from spot crude through contract rolls and contango, and USCF explicitly warns against treating USO as a direct investment in light sweet crude oil. On the token side, liquidity concentrates in a thin MEXC order book and a single Uniswap v3 pool, and access is limited to eligible non-U.S. users. Whether OIL(USOON) suits a portfolio depends on those constraints, not on oil's direction alone.