Cryptopedia - Exxon Mobil Tokenized Stock (Ondo)
XOMon represents the Ondo-issued tokenized form of Exxon Mobil, providing holders with economic benefits comparable to owning XOM shares while automatically reinvesting dividends. Through Ondo’s tokenized stock platform, institutional and retail participants outside the US can mint and redeem tokens representing U.S. stocks and ETFs instantly. This service operates 24 hours a day, five days a week, offering complete access to traditional exchange liquidity, though further restrictions are in place.
