Netflix (Ondo Tokenized Stock)Price

(NFLXON)

NFLXON is a tokenized version of Netflix stock created through Ondo Finance's Global Markets initiative. It acts as a digital representation of Netflix (NFLX) shares on the blockchain, providing holders with economic exposure to the stock's price movements and dividends. It is distinct from the ONDO token, which serves as the governance token for the Ondo Finance DAO, whereas NFLXON is a specific financial product tracking the value of a traditional equity.

Each NFLXON token is backed 1:1 by actual shares of Netflix stock held in custody by U.S.-registered broker-dealers. To ensure the token accurately tracks the market price of Netflix, the system uses APIs and real-time data synchronization. Transparency is maintained through daily verification of reserves and regular smart contract audits to ensure the security and integrity of the tokenized assets.

NFLXON is available to non-U.S. retail and institutional investors. Due to regulatory restrictions, users in the United States, the United Kingdom, and several other regions are currently prohibited from accessing the product. Because NFLXON represents a regulated security, all users must successfully complete Know Your Customer (KYC) and Anti-Money Laundering (AML) screenings before they are permitted to mint or redeem tokens.

Holders of NFLXON are entitled to the economic benefits of dividends, but these are not distributed as direct cash payments. Instead, dividends are typically automatically reinvested into the underlying Netflix shares. This follows a "total return" model, where the value of the dividends is reflected in the token's net asset value, allowing the digital asset to mirror the total performance of the underlying stock.

While the blockchain allows for peer-to-peer transfers of NFLXON 24/7, the minting and redemption processes—converting between stablecoins and the tokenized stock—generally follow the standard operational hours of traditional U.S. equity markets. Regarding costs, there are typically no fees charged by the issuer for minting or redeeming, though users must cover the standard network gas fees associated with blockchain transactions.

The structure of NFLXON is designed to be "bankruptcy-remote." This means the underlying Netflix shares are held by a separate legal entity and custodian, legally isolated from the issuer's corporate balance sheet. This framework is intended to protect token holders by ensuring that the backing assets remain secure and accessible even if the parent company encounters financial difficulties.