Pfizer Tokenized Stock (Ondo)

It is a tokenized representation of Pfizer stock on the Ethereum blockchain, issued under the Ondo brand. The token aims to bring traditional equity onto a blockchain network, allowing holders to gain exposure to Pfizer shares in a digital form.

PFEON runs on Ethereum, meaning it is an ERC-20 token that represents a claim on underlying Pfizer shares. The tokenization process typically involves a custodian holding the actual shares and issuing tokens on a 1:1 basis, though specific mechanics are not detailed here.

The token is used to represent ownership of Pfizer stock in a blockchain-based format. It can be traded on platforms that support Ethereum-based tokens, providing a way to transact in a tokenized equity without traditional brokerage infrastructure.

Traditional Pfizer stock is held through brokers and exchanges, while PFEON is a digital token on Ethereum. This allows for peer-to-peer transfers and integration with decentralized applications, but it also introduces blockchain-specific considerations like smart contract risk.

Pfizer Tokenized Stock (Ondo) is currently priced at $28.51, up 0.01% in the last 24 hours. It is ranked #1385 by market capitalization. Over the past 7 days, PFEON is down 3.56%.

Pfizer Tokenized Stock (Ondo) has a market capitalization of $3.42M. The 24-hour trading volume is $68.71, reflecting the total value of PFEON traded across all exchanges in the last day.

There are currently 119,814.95 PFEON in circulation. The total supply is 119,814.95 PFEON.