Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingOndo adds STRCon to its growing tokenized asset portfolio
Ondo further expands its tokenized asset portfolio with the addition of STRCon. The product supports 24/7 casting and redemption, providing eligible investors with on-going chain access to Strategy's variable rate Stretch preferred stock ($STRC).
STRCon's core strength
STRCon is a tokenized version of Ondo's offering, corresponding to Strategy's floating rate Series A perpetual Stretch preferred stock. The token enables the holder to gain economic exposure similar to holding $STRC and reinvesting the dividends received.
Currently, the STRC has an annualized floating dividend yield of 12%, with a face value of US$100. These tokens are fully backed by STRC shares held in custody on a 1:1 ratio, allowing the product to establish a direct link with traditional market securities rather than creating a non-reserved synthetic exposure.
Strategy Inc. It is the largest company with publicly traded Bitcoin holdings, and STRC is the floating rate perpetual preferred stock it issues. Unlike corporate bonds, STRC does not have a fixed maturity date, and Strategy is not legally obligated to repay principal.
24/7 infrastructure continues to expand
Ondo's 24/7 instant casting and redemption service, extending its service coverage from the previous 5 days a week to 24/7 coverage. This allows eligible users to mint and redeem tokenized stocks and ETFs at any time, including weekends and U.S. public holidays.
Although competitors claim to provide 24/7 trading services, historically this access has only been available for transfers between centralized exchanges (CEX) or decentralized exchanges (DEX), and actual minting and redemption remains limited to traditional market trading hours.
The Ondo Stocks platform lists more than 430 tokenized stocks and ETFs on Solana, Ethereum and BNB Chain, becoming the first platform to have a total locked value (TVL) exceeding US$1 billion, and its scale exceeds the total of all other tokenized stock platforms combined.
At the end of July last year, Ondo received approval from the U.S. Financial Industry Regulatory Agency (FINRA) related to its U.S. tokenized equity business. At the time, the company said that the total locked value of its tokenized products had exceeded $2.5 billion, while Ondo Stocks had generated cumulative transaction volume of more than $7 billion.
However, most products in the platform catalog are still open for casting only on trading days, and 24/7 availability is limited to selected assets.
Compliance and application scenarios
STRCon is designed to be used in the decentralized finance (DeFi) protocol, but how users integrate it depends on their own policies and relevant regulations. It should be noted that Ondo Stocks products are still not available to most investors in the United States.
