U.S. Dollar Tokenized Currency (Ondo)

USDon is a stablecoin backed 1:1 by a US dollar in one of Global Markets’ brokerage accounts. USDon is the stablecoin used to instantly buy or redeem Ondo tokenized stocks. When you purchase Ondo tokenized stocks with other stablecoins such as USDC, our platform atomically swaps that stablecoin for USDon and then uses USDon to buy the tokenized stock. Similarly, when you sell your tokenized stock for USDC, our platform first redeems for USDon and the swaps that for USDC, all in one atomic transaction.