Assets · Structured note · issued by Ondo Finance

MicroStrategy (Ondo Tokenized) (MSTRon)Updated 21 Oct 2026

Ondo Global Markets token tracking Strategy Inc. - Class A (underlying ISIN US5949724083). RWA.xyz showed about $30.1m outstanding on 2026-10-12, which puts it among the group's largest tokens.

Asset sources[1][2][3][4]

~$926.9mSupply, 11 Oct 2026
4Networks
0Also used by

Issued through Ondo Global Markets tokenised stocks and ETFs Live (scaled)

Classification · high confidence

Legal form
Structured note from issuance terms
Underlying
Listed equities
Value behaviour
Market price · no income
Ledger role
Native
Legal labels
blockchain-based tracker certificates (tokenized debt instruments) under an FMA-approved base prospectus, passported in the EEA (Liechtenstein)[1]; tokenized debt instruments under British Virgin Islands law (British Virgin Islands)[1]

Total return tracker: attributable income net of withholding is reinvested (final terms form); the underlying pays no dividend, so yieldBearing false. Ledger native: holders become Purchasers on recordation via the blockchain. No ISIN recorded for the token.

Sourced[1]. How assets are classified: methodology.

Contracts

No contract addresses recorded yet.

Sources

  1. [1]Base Prospectus: Program for the issuance of tokenized Securities — Ondo Global Markets (BVI) Limited (base prospectus, copy notified to the MFSA), 11 Nov 2025. Accessed 21 Oct 2026. Approved by the Liechtenstein FMA on 11 Nov 2025. Tokens are blockchain-based Tracker Certificates (tokenized debt instruments under BVI law), collateralised through a security agent; no claim on or rights in the underlying, no voting; final terms form makes them total return trackers with attributable income (net of withholding) reinvested; a person becomes a Purchaser on recordation via the blockchain..A
  2. [2]Strategy (MSTR) stock overview — Stock Analysis. Accessed 21 Oct 2026. Dividend field read 2026-10-21: n/a. No dividend paid..C
  3. [3]MSTRon asset dashboard — RWA.xyz. Accessed 13 Oct 2026. On-chain supply and value; issuer, ISIN and custody fields are RWA.xyz metadata..A
  4. [4]Ondo Stocks | Ondo Finance — Ondo Finance. Accessed 13 Oct 2026. Issuer's product list (450 tokens), read from the page data; no contract addresses or ISINs on the page..B

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