Price change (24h):
0.13%
High (24h):
$198.06
Low (24h):
$196.51
Volume (24h):
$101.13K
Market Cap:
$1.20M
All Time High:
8.90% $217.33
Jun 1, 2026
All Time Low:
75% $113.15
Mar 31, 2026
0.00 %(1Y)
$197.5
Price change (24h):
0.13%
High (24h):
$198.06
Low (24h):
$196.51
Volume (24h):
$101.13K
Market Cap:
$1.20M
All Time High:
8.90% $217.33
Jun 1, 2026
All Time Low:
75% $113.15
Mar 31, 2026
iShares MSCI South Korea Tokenized ETF (Ondo), denoted by the ticker EWYon, is a cryptocurrency that tokenizes the iShares MSCI South Korea ETF. The token offers economic exposure identical to holding the underlying fund, with automatic dividend reinvestment, to holders outside the United States.
It exists as a curated component of the Ondo Global Markets ecosystem, converting a traditional South Korean equity ETF into a blockchain-native instrument. The design targets the friction non-U.S. retail and institutional investors face when barred from accessing U.S.-listed securities directly. Through on-chain minting and redemption, EWYon provides continuous tradability during standard market hours, bypassing the jurisdictional silos of conventional brokerage accounts.
iShares MSCI South Korea Tokenized ETF (Ondo) operates on the Solana network, with its smart contracts also deployed on Ethereum and BNB Chain. This architecture spreads access across independent validator sets and developer communities.
On Solana, the token conforms to the SPL standard; on Ethereum, it is an ERC-20 token; on BNB Smart Chain, it implements BEP-20. All three contracts reference the same underlying custodial shares, ensuring fungibility across blockchains. The absence of a native blockchain and reliance on existing Layer-1 networks eliminates the overhead of consensus maintenance while preserving compatibility with the respective ecosystems’ decentralized exchanges and wallets.
Ondo Finance built the EWYon product as a pillar of its tokenized securities horizontal. No single founding figure is publicly tied to the asset’s launch, though the entity’s wider real-world asset infrastructure began attracting liquidity after the protocol’s early vault deployments. The tokenized ETF suite, of which EWYon is a part, marks a deliberate expansion from fixed-income tokenization into equities, leveraging the same compliance and custody architecture.
The instrument embodies a mission to fracture geographic restrictions in modern portfolio allocation. By wrapping a U.S.-domiciled Korea-focused fund into a permissionless token, it enables any non-U.S. investor to gain passive exposure to the Seoul stock market without interacting with a domestic broker. That proposition realigns capital flows with investor intent rather than regulatory topography.
Each EWYon token functions as a bearer instrument representing a proportional interest in iShares MSCI South Korea ETF shares held in Ondo’s custody. The supply expands only when an authorized participant deposits the actual ETF shares on the platform; burning tokens triggers the return of underlying securities. No staking, voting, or fee-burning mechanisms operate on the token itself—it strictly mirrors the net asset value of the ETF, after expenses and dividend adjustments.
An investor residing in a jurisdiction with restricted ETF access can purchase EWYon through a supporting decentralized exchange and hold it as a synthetic alternative. Traders exploit the token’s 24-hour, five-day-a-week availability to execute strategies during Asian market hours when U.S. exchanges are closed. A DeFi lending protocol might accept EWYon as collateral, though such integrations remain subject to platform risk assessments and regulatory compatibility.
iShares MSCI South Korea Tokenized ETF (Ondo) has a total supply of 7,778.71 tokens. Currently, 7,778.71 are in circulation. Because the total and circulating figures are identical, the entire supply is liquid with no locked or unissued reserves. With a market capitalization of $1,196,117.00, iShares MSCI South Korea Tokenized ETF (Ondo) ranks #2,806 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 14/06/2026 | $197.55 | $197.35 | $198.06 | $196.54 |
| 13/06/2026 | $198.08 | $197.35 | $199.35 | $196.51 |
| 12/06/2026 | $198.24 | $198.66 | $201.64 | $191.68 |
| 11/06/2026 | $179.68 | $197.92 | $198.13 | $175.07 |
| 10/06/2026 | $183.83 | $180.41 | $188.89 | $178.80 |
| 09/06/2026 | $185.72 | $183.10 | $195.33 | $175.93 |
| 08/06/2026 | $179.74 | $185.86 | $187.95 | $177.52 |
| 07/06/2026 | $175.80 | $179.81 | $183.03 | $175.60 |
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