Price change (24h):
0.82%
High (24h):
$280.76
Low (24h):
$277.62
Volume (24h):
$73K
Market Cap:
$2.04M
All Time High:
15.30% $330.06
Jun 2, 2026
All Time Low:
100% $139.94
Feb 24, 2026
0.00 %(1Y)
$277.98
Price change (24h):
0.82%
High (24h):
$280.76
Low (24h):
$277.62
Volume (24h):
$73K
Market Cap:
$2.04M
All Time High:
15.30% $330.06
Jun 2, 2026
All Time Low:
100% $139.94
Feb 24, 2026
Palo Alto Networks Tokenized Stock (Ondo), trading under the symbol PANWon, is a cryptocurrency that parcels out exposure to the equity of a major cybersecurity firm, complete with dividend accruals. The asset belongs to the emerging class of on-chain real-world assets.
The token operates within Ondo Finance’s global markets framework, which dismantles the barriers that prevent non-U.S. retail and institutional investors from accessing American stocks. Instead of relying on international brokerage accounts subject to restrictive hours, holders acquire a digital wrapper that mirrors the stock’s price action and corporate distributions. This mechanism fuses the liquidity of traditional exchanges with the always-on settlement of blockchain infrastructure.
PANWon operates on the Ethereum network. Its contract address originates on Ethereum as an ERC-20 asset, yet additional deployments extend its reach to Solana and BNB Smart Chain. Multi-chain availability ensures that the token can move across ecosystems without sacrificing the core utility of its reference asset.
On Ethereum, the token adheres to the ERC-20 standard; on BNB Smart Chain it follows BEP-20, while the Solana instance conforms to the SPL specification. This cross-standard design allows the same economic exposure to sit natively inside the liquidity pools, lending protocols, and wallets native to each chain. No bridge-wrapping trickery—the issuer simply maintains canonical mints on each network.
Ondo Finance, the issuer behind the asset, engineered PANWon as part of a broader push to bring conventional securities on-chain. The protocol’s design sidesteps the complexities of depositary receipts by relying on a licensed structure that permits authorized participants to mint tokens against a basket of the underlying stock held in custody. Nothing is known about specific founders in public documentation, but the operation aligns with Ondo’s institutional focus.
The deeper mission targets a reconstruction of market access. Global investors often face fragmented regulatory walls that segregate them from U.S. equity markets; tokenized stocks dissolve those walls by substituting a cryptographic bearer asset for a brokerage entry. The aim isn’t merely convenience—it’s a re-platforming of equity ownership onto neutral, programmable rails that ignore geopolitical boundaries.
Mechanically, PANWon acts as a claim-check. Minting requires delivery of the underlying Palo Alto Networks shares to a custodian, which triggers the issuance of tokens on-chain; redeeming burns the token and releases the shares back to the holder. The token itself accrues dividend equivalents programmatically, so a holder’s balance reflects not just share price appreciation but also periodic corporate payouts. This peg enforcement model runs continuously during traditional market hours plus the extended windows of DeFi.
An investor sitting in São Paulo or Singapore can acquire PANWon via a decentralized exchange at 2 a.m. local time, without opening a U.S. brokerage account. A market maker, meanwhile, can deposit the token into a liquidity pool on Uniswap or Raydium, earning swap fees while maintaining a tight spread to the reference asset. Protocol treasuries and DAOs also use such instruments to hold diversified equity exposure directly in their on-chain portfolios without off-ramping to fiat.
PANWon has a total supply of 7,130.16 tokens. Currently, 7,130.16 are in circulation. The entire supply is circulating, leaving no locked or unvested allocations. With a market capitalization of $1,270,673, Palo Alto Networks Tokenized Stock (Ondo) ranks #2,737 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 13/06/2026 | $279.10 | $277.96 | $279.75 | $277.62 |
| 12/06/2026 | $278.45 | $279.46 | $280.76 | $273.02 |
| 11/06/2026 | $262.11 | $278.36 | $278.36 | $256.87 |
| 10/06/2026 | $259.30 | $263.05 | $265.58 | $252.63 |
| 09/06/2026 | $266.46 | $257.99 | $266.79 | $251.52 |
| 08/06/2026 | $270.64 | $266.76 | $273.91 | $265.05 |
| 07/06/2026 | $270.68 | $270.42 | $271.96 | $270.03 |
| 06/06/2026 | $271.33 | $270.68 | $271.84 | $270.10 |
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