Snowflake Tokenized Stock (Ondo)
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SNOWon to USD converterSNOWon
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Website
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DeFi
Ethereum Ecosystem
About Snowflake Tokenized Stock (Ondo)Snowflake Tokenized Stock (Ondo) (SNOWon) is a tokenized equity product issued by Ondo Finance representing shares of Snowflake Inc., enabling institutional and retail investors to access Snowflake stock exposure directly on-chain with regulatory compliance and custody arrangements. Built on Ethereum and integrated with Ondo's real-world asset infrastructure, SNOWon maintains price synchronization with traditional Snowflake stock through rebalancing mechanisms and redemption options while providing 24/7 trading and fractional ownership benefits unavailable in traditional equity markets. The tokenized stock accrues dividend payments automatically through Ondo's infrastructure, enabling yield-generating equity exposure directly in self-custodied wallets or DeFi protocols while maintaining full regulatory compliance through Ondo Finance's institutional partnerships and custody arrangements. Launched as part of Ondo's expansion into cloud data platform equity tokenization, SNOWon attracts institutional asset managers and DAOs seeking compliant exposure to Snowflake's cloud data warehousing and analytics leadership without traditional brokerage intermediaries. Trading with growing institutional adoption, SNOWon positions itself as a bridge product enabling institutions to access blockchain infrastructure while maintaining equity ownership in a leading cloud data company though broader institutional adoption depends on regulatory clarity around tokenized securities and integration into major institutional custody and trading infrastructure.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
YesCEX Listed
NoKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes