DoorDash (Ondo Tokenized Stock)Price

(DASHON)

DASHON is a blockchain-based token representing a 1:1 economic interest in DoorDash (DASH) common stock. As a "total-return tracker," it mirrors the price movement of the underlying shares. Instead of paying out cash dividends, any dividends issued by DoorDash are automatically reinvested to increase the token's value. It functions as a bridge between traditional public equities and the blockchain, allowing users to hold exposure to traditional stocks in a digital asset format.

DASHON is issued by Ondo Global Markets, a subsidiary of Ondo Finance. The project is managed by a team of institutional veterans with prior leadership experience at prestigious firms such as Goldman Sachs, BlackRock, and McKinsey. This institutional-grade background ensures that the tokenization process adheres to professional standards for asset management and financial services.

Due to strict securities regulations, DASHON is exclusively available to non-U.S. retail and institutional investors. All participants must undergo a comprehensive Know Your Customer (KYC) verification process on the Ondo platform. This ensures that the minting, redemption, and trading of these tokenized securities remain compliant with international regulatory frameworks. U.S. citizens are currently prohibited from purchasing this asset.

Holders do not receive cash dividends directly in their digital wallets. Instead, DASHON operates as a total-return tracker where dividends are automatically used to purchase additional shares of the underlying DoorDash stock. This process increases the value of each DASHON token relative to the original share price. This automated reinvestment model simplifies the holding experience for long-term investors seeking compounded exposure to the asset.

DASHON is legally and technically backed 1:1 by real shares of DoorDash held in regulated U.S. brokerage accounts. To protect investors, Ondo utilizes a "bankruptcy-remote" legal structure. This means that the underlying shares are held by a third-party custodian and remain legally protected for token holders even if the parent company faces insolvency. Furthermore, the project's smart contracts undergo rigorous audits by top-tier security firms like Spearbit and Cyfrin.

The primary version of DASHON is issued on the Ethereum blockchain as an ERC-20 token, with recent expansions to other networks like Solana and Aptos. While primary acquisition occurs through Ondo Global Markets, the token can also be accessed on secondary platforms and reputable exchanges like LBank for KYC-verified users. It is important to note that while the blockchain operates 24/7, the minting and redemption processes are typically synchronized with the operating hours of traditional U.S. stock exchanges.