@Ondo has added STRCon to its growing roster of tokenized assets with round-the-clock minting and redemption, giving eligible investors continuous on-chain access to @Strategy's variable-rate
@Ondo has added STRCon to its growing roster of tokenized assets with round-the-clock minting and redemption, giving eligible investors continuous on-chain access to @Strategy's variable-rate Stretch preferred stock, $STRC.
STRCon is Ondo's tokenized version of Strategy's variable-rate Series A Perpetual Stretch Preferred Stock, giving token holders economic exposure similar to holding $STRC and reinvesting any dividends.STRC currently carries a 12% variable annualized dividend rate and a $100 stated amount.The tokens are backed 1:1 by STRC shares held in custody, giving the product a direct link to the traditional market security rather than creating synthetic exposure without reserves.
Strategy Inc. is the largest publicly traded Bitcoin holder, and STRC is its variable-rate perpetual preferred stock.Unlike a corporate bond with a maturity date, STRC has no fixed redemption date, and Strategy is under no legal obligation to ever return principal.
Ondo's 24/7 instant minting and redemption expands access beyond its previous 24/5 window, enabling eligible users to mint and redeem tokenized stocks and ETFs at any time, including weekends and U.S. public holidays.While rivals have claimed 24/7 trading, that access has historically only applied to CEX or DEX transfers, with actual minting and redemption limited to traditional market hours.
Ondo Stocks lists over 430 tokenized stocks and ETFs across Solana, Ethereum, and BNB Chain and became the first platform to surpass $1 billion in total value locked, more than all other tokenized stock platforms combined.In late July, Ondo secured FINRA approval connected to its U.S. tokenized-equity business, and at the time the company said its tokenized products had passed $2.5 billion in total value locked, while Ondo Stocks had generated more than $7 billion in cumulative trading volume. Most of the platform's catalog, however, remains on weekday-only minting hours, with the always-on set covering a select group of assets.
STRCon is designed to be usable within decentralized finance protocols, though how users choose to integrate it will depend on their own strategies and applicable regulations.Ondo Stocks products remain unavailable to most investors in the United States.
Sources:Ondo Finance: Real 24/7 Trading for Tokenized Stocks (Official Blog)Crypto.news: Saturn Adds Ondo Tokenized Stocks to STRC ProductsThe Defiant: Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs
