Taiwan Semiconductor Manufacturing Tokenized Stock (Ondo)

TSMON is a tokenized stock product representing shares of Taiwan Semiconductor Manufacturing Company, issued on the Ethereum blockchain through Ondo Finance. It aims to bring traditional equity exposure into a blockchain-based format, allowing holders to track the performance of the underlying company's stock in a tokenized form. The token is identified by the ticker TSMON.

TSMON operates as an ERC-20 token on the Ethereum network, meaning it is issued and transferred using Ethereum's smart contract infrastructure. Each token is designed to mirror the value of a fractional or whole share of Taiwan Semiconductor Manufacturing's stock, with the tokenization process managed by Ondo Finance. Transactions are recorded on Ethereum's public ledger, providing transparency and programmability.

TSMON serves as a digital representation of Taiwan Semiconductor Manufacturing's stock, enabling holders to gain exposure to the company's equity performance within a blockchain ecosystem. It can be held, transferred, or potentially used in decentralized finance applications that accept tokenized securities. The token's utility is tied to its role as a bridge between traditional stock markets and on-chain finance.

Unlike directly holding TSM shares through a brokerage, TSMON exists as a token on Ethereum, offering 24/7 transferability and composability with other blockchain protocols. Direct stock ownership typically involves traditional custody, trading hours, and settlement processes. TSMON's value is intended to track TSM's price, but it carries blockchain-specific risks such as smart contract vulnerabilities and regulatory uncertainty.

Taiwan Semiconductor Manufacturing Tokenized Stock (Ondo) is currently priced at $426.58, up 0.89% in the last 24 hours. It is ranked #1123 by market capitalization. Over the past 7 days, TSMON is up 2.89%.

Taiwan Semiconductor Manufacturing Tokenized Stock (Ondo) has a market capitalization of $6.36M. The 24-hour trading volume is $3.09M, reflecting the total value of TSMON traded across all exchanges in the last day.

There are currently 14,910.05 TSMON in circulation. The total supply is 14,910.05 TSMON.