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About JD.com Tokenized Stock (Ondo)
What is JDON?
JD.com Tokenized Stock (Ondo)(JDON) is a blockchain-based token that tracks the economic exposure of JD.com stock rather than acting like a typical utility token. In simple terms, it aims to let eligible users access stock-linked price performance through a crypto asset format.The project information states that Ondo tokenized stocks allow non-US retail and institutional users to mint and redeem tokenized U.S. stocks and ETFs 24 hours a day, five days a week, subject to restrictions.
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RsJD.com Tokenized Stock (Ondo) news
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Morgan Stanley Bets on Tokenization and Begins Trading US Stocks and Treasury Bonds on Blockchain
The American bank has become one of the first financial entities to use the new DTCC infrastructure to digitize traditional assets. Additionally, it plans to incorporate trading of tokenized stocks into its platform during the first quarter of 2027.
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