Airbnb (Ondo Tokenized Stock)Price

(ABNBON)

ABNBON is a digital token created by Ondo Finance to provide on-chain exposure to Airbnb (ABNB) common stock. It is part of the Ondo Global Markets initiative. While it is not a traditional share and does not grant legal title to the stock, it functions as a tokenized derivative. This allows holders to receive the economic equivalent of the stock, meaning they benefit from price movements and dividends as if they held the underlying asset.

ABNBON utilizes a total return model for dividends. Instead of distributing cash payouts directly to a user's wallet, dividends are automatically reinvested into the underlying Airbnb stock. This reinvestment is typically reflected through the token's value or via the minting of additional fractional units. This process ensures that the token accurately tracks the total economic performance of the actual shares.

Access to ABNBON is restricted based on geography and regulatory compliance. Due to securities laws, it is not available to US persons. The product is intended for non-US retail and institutional investors in regions such as Asia-Pacific, Latin America, and parts of Europe. Additionally, users who wish to mint or redeem the token directly through the issuer must complete a Know Your Customer (KYC) verification process. Specific regional restrictions also apply on secondary markets.

ABNBON can be traded on global exchanges such as LBank and various decentralized platforms. Although the blockchain operates 24/7 for peer-to-peer transfers, the processes for minting new tokens or redeeming them for cash generally follow US market hours. To ensure deep liquidity, the project taps into traditional exchange environments, aiming to provide a trading depth comparable to the actual Nasdaq-listed stock for primary participants.

Every ABNBON token is backed 1:1 by shares of Airbnb stock held in custody by regulated broker-dealers. To protect token holders, Ondo Finance uses bankruptcy-remote vehicles, meaning the assets backing the tokens are legally separated from the company’s corporate balance sheet. Furthermore, the project's smart contracts have been audited by specialized security firms such as Zellic and PeckShield to ensure institutional-grade safety.

ABNBON was primarily launched on the Ethereum network as an ERC-20 token, but it is also available on other blockchains like BNB Chain and Solana through bridging or native issuance. One of the core objectives of the project is to integrate these tokenized assets into the decentralized finance ecosystem, enabling users to potentially use their tokens as collateral for lending and borrowing activities on compatible platforms.