Price change (24h):
2.61%
High (24h):
$27.87
Low (24h):
$27.08
Volume (24h):
$23.47
Market Cap:
$4.82K
All Time High:
12.08% $31.69
May 18, 2026
All Time Low:
20% $23.13
Jan 15, 2026
0.00 %(1Y)
$27.86
Price change (24h):
2.61%
High (24h):
$27.87
Low (24h):
$27.08
Volume (24h):
$23.47
Market Cap:
$4.82K
All Time High:
12.08% $31.69
May 18, 2026
All Time Low:
20% $23.13
Jan 15, 2026
Invesco DB Commodity Index Tokenized Fund (Ondo) (DBCon) is a cryptocurrency that operates as a tokenized real-world asset. Issued by Ondo Finance, the token represents an ownership claim on shares of the Invesco DB Commodity Index Tracking Fund.
The instrument delivers a rules-based commodity futures index on-chain, merging passive commodities allocation with the liquidity and composability of decentralized markets. Allocators who previously needed brokerage accounts and endured T+2 settlement can now act on commodity exposures directly from non-custodial wallets. It dismantles the clock-bound nature of traditional ETF trading.
DBCon operates on the Ethereum network, with parallel token contracts deployed on Solana and the BNB Smart Chain. This multi-chain footprint channels the fund’s net asset value across disparate exchange venues and money markets without fragmenting liquidity. Each chain-specific implementation respects its host network’s native execution model.
The Ethereum deployment hooks into smart contract infrastructure that allows instant collateralization in lending protocols like Aave or Compound. On Solana, the token capitalizes on sub-second finality and negligible fees for high-frequency trading strategies. BNB Smart Chain’s version opens doors to yield farming vaults within the PancakeSwap ecosystem.
Ondo Finance engineered the structure, anchoring the token to shares held in a regulated custody arrangement. The product surfaced as real-world asset tokenization gained traction, seeking to blur the line between ETF transparency and on-chain settlement. Ondo manages the minting and redemption flow, ensuring each DBCon token stays fully collateralized by the actual fund shares.
The core ambition is to fold a commodity index strategy into the modular architecture of DeFi, where it can serve as a diversified collateral type or treasury reserve asset. It aims to eliminate the administrative burden that historically isolated institutional-grade commodity exposure from agile, self-sovereign portfolios. This approach reframes a legacy financial product as an open, programmable primitive.
DBCon tokens function as direct receipts, granting the holder proportional economic interest in the Invesco DB Commodity Index Tracking Fund. Minting requires passing Ondo’s compliance checks, after which the token travels freely across whitelisted DeFi protocols. Redemption reverses the path, burning the token in exchange for the underlying fund shares settled off-chain.
Validators in proof-of-stake networks can diversify treasury holdings by swapping governance tokens for DBCon to hedge inflation risk. Algorithmic vaults auto-rebalance between stablecoins and DBCon, capturing alpha from commodity price swings while staying fully autonomous. Arbitrageurs police the token’s discount or premium relative to net asset value by minting or redeeming across the three chains.
Invesco DB Commodity Index Tokenized Fund (Ondo) has a total supply of 215.79 tokens. Currently, 215.79 are in circulation. Trading volume over the preceding 24 hours registered at $194.14 across a single market pair. With a market capitalization of $6,429.59, Invesco DB Commodity Index Tokenized Fund (Ondo) ranks #10,694 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 08/07/2026 | $27.32 | $27.32 | $27.33 | $27.32 |
| 07/07/2026 | $26.99 | $27.32 | $27.35 | $26.99 |
| 06/07/2026 | $26.81 | $26.99 | $26.99 | $26.81 |
| 04/07/2026 | $26.53 | $26.53 | $26.53 | $26.53 |
| 03/07/2026 | $26.53 | $26.53 | $26.54 | $26.53 |
| 02/07/2026 | $26.44 | $26.53 | $26.55 | $26.40 |
| 01/07/2026 | $26.55 | $26.43 | $26.66 | $26.43 |
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