United States Oil Tokenized Fund (Ondo)

USOON is a tokenized fund token on Ethereum. It represents an interest in a fund focused on United States oil. The token is issued under the Ondo label, though specific fund mechanics are not detailed here. It provides a blockchain-based representation of oil fund exposure.

USOON operates as an ERC-20 token on the Ethereum blockchain. This allows the fund's shares to be transferred and tracked on-chain. The token's value is intended to reflect the performance of the underlying US oil fund. Ethereum's infrastructure provides transparency and programmability for the tokenized fund.

The USOON token represents ownership or entitlement to the assets of the United States Oil Tokenized Fund. Holders use it to gain exposure to the fund's oil-related portfolio without directly trading physical oil. The token can be held, transferred, or potentially redeemed according to the fund's rules, though specifics are not provided.

Unlike buying physical oil or oil futures, USOON is a tokenized fund share on Ethereum. This means the investment is represented digitally and can be traded or transferred using blockchain infrastructure. It offers a convenient way to access oil fund exposure through a cryptocurrency wallet, while the underlying fund manages the actual oil assets.

United States Oil Tokenized Fund (Ondo) (USOon) is a cryptocurrency and operates on the Ethereum platform. United States Oil Tokenized Fund (Ondo) has a current supply of 22,585. 9606433.

United States Oil Tokenized Fund (Ondo) is currently priced at $127.89, up 2.13% in the last 24 hours. It is ranked #1446 by market capitalization. Over the past 7 days, USOON is down 5.49%.

United States Oil Tokenized Fund (Ondo) has a market capitalization of $2.89M. The 24-hour trading volume is $690,214.62, reflecting the total value of USOON traded across all exchanges in the last day.