Price change (24h):
0.00%
High (24h):
$
Low (24h):
$
Volume (24h):
$96.73
Market Cap:
$472.94K
All Time High:
5.66% $63.00
May 9, 2026
All Time Low:
1% $59.05
Jun 4, 2026
0.00 %(1Y)
$59.43
Price change (24h):
0.00%
High (24h):
$
Low (24h):
$
Volume (24h):
$96.73
Market Cap:
$472.94K
All Time High:
5.66% $63.00
May 9, 2026
All Time Low:
1% $59.05
Jun 4, 2026
Franklin Responsibly Sourced Gold Tokenized ETF (Ondo), trading under the ticker FGDLon, is a cryptocurrency that tokenizes the Franklin Responsibly Sourced Gold ETF. It functions as a digital wrapper, conferring economic exposure equivalent to holding the underlying exchange-traded fund along with reinvested dividends.
FGDLon sits at the intersection of commodity investing and decentralized finance, solving the friction of cross-border access to U.S.-listed securities. Through Ondo Finance’s global markets infrastructure, non-U.S. retail and institutional participants can mint and redeem tokenized representations of the gold ETF on a 24/5 basis, capturing traditional exchange liquidity without geographic gatekeeping.
The token operates on the Solana network. Settlement relies on Solana’s high-throughput ledger, delivering sub-second finality and negligible fees for mint-redeem cycles.
Beyond Solana, FGDLon is deployed as an ERC-20 contract on Ethereum and a BEP-20 contract on BNB Smart Chain, granting cross-chain portability. These implementations allow holders to interact with decentralized exchanges, lending protocols, and yield strategies across three major ecosystems while the underlying asset remains backed off-chain.
The instrument originates from Ondo Finance, a firm specializing in tokenized securities bridging traditional finance to on-chain rails. No single founding figure is individually associated with the FGDLon token; rather, it is a product of Ondo’s collaborative push into real-world asset tokenization following its expansion of global markets. The tokenized ETF structure reflects the growing demand for composable gold exposure without the custody hurdles of physical bullion.
The broader ambition is to disintermediate legacy brokerage silos, letting capital flow freely into gold-linked vehicles irrespective of an investor’s jurisdiction. By natively encoding ETF shares on programmable ledgers, FGDLon aims to fuse the stability of responsibly sourced gold with the efficiency of DeFi money markets.
Mechanically, each FGDLon token represents a proportional interest in the Franklin Responsibly Sourced Gold ETF portfolio held by a regulated custodian. Ondo’s smart contract framework automates dividend reinvestment, constantly aligning the token’s value with the net asset value of the underlying fund. Minting requires delivery of the off-chain ETF shares or a fiat-equivalent, while redemption reverses the process, preserving a tight arbitrage loop.
A European retail trader circumventing local broker restrictions can mint FGDLon via Ondo’s dApp, gaining real-time gold price exposure without a U.S. brokerage account. An institutional market maker simultaneously manages inventory across Solana and Ethereum, using the token as collateral in lending pools or as a component in automated rebalancing vaults. Validators do not interact with FGDLon directly; its utility is purely as a transferable receipt for gold ETF value.
The token has a total supply of 1.94 tokens. Currently, 1.94 tokens are in circulation. With a market capitalization of $0, Franklin Responsibly Sourced Gold Tokenized ETF (Ondo) ranks #3,698 among all cryptocurrencies.
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