Price change (24h):
0.58%
High (24h):
$103.35
Low (24h):
$101.97
Volume (24h):
$1.10K
Market Cap:
$4.22K
All Time High:
4.05% $107.27
Feb 10, 2026
All Time Low:
22% $84.28
May 28, 2026
0.00 %(1Y)
$102.92
Price change (24h):
0.58%
High (24h):
$103.35
Low (24h):
$101.97
Volume (24h):
$1.10K
Market Cap:
$4.22K
All Time High:
4.05% $107.27
Feb 10, 2026
All Time Low:
22% $84.28
May 28, 2026
Charles Schwab Tokenized Stock (Ondo) (SCHWon) is a cryptocurrency. A financial instrument minted on Ethereum, Solana, and BNB Chain, it mirrors the price of its Nasdaq-listed counterpart without requiring a traditional brokerage account.
The token functions as a direct, on-chain proxy for Schwab common stock. Traditional equity markets impose settlement delays, limited operating hours, and jurisdictional barriers; this tokenized asset replaces those frictions with near-instant settlement and borderless transferability. Each token is backed one-to-one by shares held with a qualified custodian, ensuring that on-chain holdings reflect a verifiable off-chain asset.
The asset operates on the Ethereum, Solana, and BNB Chain networks. This multi-chain footprint means the same equity exposure is natively available as an ERC-20 token, an SPL token, and a BEP-20 token without wrapping or bridging.
Contract addresses across the three chains coordinate through Ondo’s mint-and-burn mechanism. When a user purchases the tokenized stock, the protocol instructs a custodian to lock the equivalent equity and issues new tokens; upon redemption, the tokens are destroyed and the shares released. On Ethereum, the asset adheres to the ERC-20 standard, while Solana deployments use the SPL framework, and BNB Chain instances follow BEP-20. Such architecture enables deep integration with DeFi protocols in all three ecosystems.
Ondo Finance designed the product as an extension of its Ondo Global Markets ecosystem, which tokenizes traditional securities. The issuance lacked a single publicized founder but emerged from Ondo’s institutional-grade infrastructure built to serve both retail and professional capital. Early traction came from users seeking around-the-clock access to U.S. equities without maintaining brokerage accounts subject to foreign ownership restrictions.
The underlying ambition is to collapse the distance between conventional equity markets and blockchain-based finance. By representing a Schwab share as a permissionless token, the project targets an audience that values self-custody, censorship resistance, and the ability to compose equity exposure into automated yield strategies. It re-frames a heavily intermediated asset class for a decentralized, always-on market structure.
Mechanically, the token serves as a cryptographically secure record of beneficial ownership in a specific Schwab share. Minting requires a fiat on-ramp or stablecoin payment through Ondo’s interface, after which the token can move freely to any non-custodial wallet. In lending markets, it can act as collateral for stablecoin loans, while decentralized exchanges offer liquidity pools pairing it with USDC or other assets. Burning the token triggers the release of the underlying stock back to the holder’s traditional brokerage account via Ondo’s integration.
Validators do not stake SCHWon, as it resides on host networks, but DeFi participants can supply the token into AMM pools to earn trading fees. Arbitrageurs exploit mispricings between the token’s on-chain price and the off-chain Schwab price, keeping the two tightly aligned. Portfolio managers utilize the token to gain synthetic long equity exposure inside smart contract-based strategies without intermediary clearance.
Charles Schwab Tokenized Stock (Ondo) has a total supply of 101.64 tokens. Currently, 101.64 are in circulation. With a market capitalization of $9,102.62, Charles Schwab Tokenized Stock (Ondo) ranks #10,035 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 08/07/2026 | $102.35 | $102.92 | $103.35 | $101.97 |
| 07/07/2026 | $101.03 | $102.35 | $102.83 | $100.72 |
| 06/07/2026 | $99.59 | $100.98 | $101.53 | $99.59 |
| 03/07/2026 | $97.22 | $97.22 | $97.22 | $97.22 |
| 02/07/2026 | $96.15 | $97.22 | $97.22 | $93.55 |
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