RTX (Ondo Tokenized)Price

(RTXON)

RTXon is a digital token designed to mirror the price performance and economic value of RTX Corporation stock. It is part of the Ondo Global Markets initiative, which focuses on bringing publicly traded U.S. equities onto the blockchain. By tokenizing these real-world assets (RWAs), the project enables blockchain-based exposure to traditional securities, allowing for more efficient cross-border transfers and integration within the digital asset ecosystem.

No, you do not directly own shares or have voting rights in RTX Corporation. Instead, you hold a digital token that is backed 1:1 by the underlying stock, which is held in regulated U.S. custody. The token is designed to provide the economic benefits of the stock price movement without the requirements of traditional brokerage ownership.

RTXon is a total-return token. Unlike traditional stocks that pay cash dividends into a brokerage account, any dividends paid by RTX Corporation (minus a 30% U.S. withholding tax) are automatically reinvested to purchase more shares of the underlying stock. This process increases the value of the token relative to the base stock price, allowing holders to benefit from dividends through the token's value appreciation.

Yes and no. You can transfer or trade the token peer-to-peer on supported blockchains like Ethereum and Solana at any time. However, the official minting of new tokens and the redemption of tokens for cash or stablecoins can only occur during U.S. market hours. This is because the underlying stock must be bought or sold in traditional markets to facilitate these processes.

Due to U.S. securities laws, RTXon is strictly unavailable to U.S. persons and is intended for non-U.S. retail and institutional investors. To mint or redeem tokens directly through the platform, users must pass a Know Your Customer (KYC) check. While the token can be held in compatible digital wallets, the primary utility and compliance features are tied to the verified ecosystem.

Each RTXon token is backed 1:1 by underlying stock held at licensed U.S. custodial broker-dealers and is verified by third-party auditors. The project uses a bankruptcy-remote legal structure, meaning the assets are held in a separate entity from the main operations to protect holders. Additionally, an independent security agent, Ankura Trust, holds a first-priority interest in the underlying stocks for the legal benefit of token holders.