Citigroup Tokenized Stock (Ondo) PriceCON

What is Citigroup Tokenized Stock (Ondo) (CON)?

Citigroup Tokenized Stock (Ondo) (CON) is a tokenised real-world asset issued through Ondo Global Markets that provides tokenholders with economic exposure similar to holding Citigroup (C) stock while reinvesting any dividends. The token is available on Ethereum, BNB Chain, and Solana, using ERC-20 standards on Ethereum and BNB Chain and token-2022 on Solana. It is classified as a distributed tokenisation sponsorship third-party product, with an inception date of July 31, 2025, and a domicile in the British Virgin Islands under the U.S. Securities Act Reg. S Exemption.

The conversion ratio is set at 1 CON = 1.0105 C as listed on the Ondo asset page. Circulating supply was approximately 15.08 tokens as of 10 October 2026, according to RWA.xyz. As of 10 October 2026, RWA.xyz recorded 74 holders and a monthly transfer volume of about $6,930, indicating a small but active holder base.

Key Specifications & Tokenomics

• Name: Citigroup Tokenized Stock (Ondo)
• Ticker / Symbol: CON
• Issuer / Offered by: Ondo (Ondo Global Markets)
• Platform: Ondo
• Blockchain Networks: Ethereum (native), BNB Chain (native), Solana (native)
• Token Standards: ERC-20 (Ethereum and BNB Chain), token-2022 (Solana)
• Underlying Security: Citigroup (C)
• Asset Class: Stocks
• Tokenization Type: Distributed Tokenization Sponsorship Third-Party
• Inception Date: 31/07/2025
• ISIN: XFC000392708
• Domicile: British Virgin Islands
• Regulatory Framework: U.S. Securities Act Reg. S Exemption
• Regulator Referenced: SEC – U.S. Securities and Exchange Commission
• Dispute Resolution Country: British Virgin Islands
• Conversion Ratio: 1 CON = 1.0105 C
• Dividend Treatment: Economic exposure similar to holding C and reinvesting any dividends
• Contract Address (Ethereum): 0xc46e7ef70d7cf8c17863a6b0b9be2af6a4c41abe
• Contract Address (BNB Chain): 0x8ddb97556f6ae98b4d408c56b167139fe1cbe3e8
• Contract Address (Solana): PjtfUiw6Hwd8PZ94EcUw8mBSYxp7SjjzSLeNTDKondo
• Circulating Supply: Approximately 15.08 (RWA.xyz, as of 10/10/2026)
• Network-Level Supply: Ethereum 9.75, BNB Chain 4.78, Solana 0.55 (RWA.xyz, as of 10/10/2026)
• Management Fees: 0%
• Subscription Fees: 0%
• Redemption Fees: 0%
• Eligible Investors: Non-U.S. Investor
• Base Assets: USDC
• Subscription Time: Instant
• Redemption Time: Instant

Who created Citigroup Tokenized Stock (Ondo)?

Citigroup Tokenized Stock (Ondo) is issued by Ondo Global Markets, the tokenisation arm of Ondo Finance. Ondo Finance is described as the largest tokenised stock issuer, which held the largest slice of the tokenised stock market at roughly $955 million, according to Token Terminal as of 16 July 2026. The platform offers more than 440 tokenised stocks and ETFs across Ethereum, BNB Chain, and Solana. Ondo states that the platform has passed $1 billion in total value locked, a figure also referenced in comments from managing director John Hoffman.

The service provider stack includes Alpaca Securities LLC as custodian and traditional broker, BitGo as crypto custodian, Ondo Stocks as fund administrator, BPM UK Audit Ltd as auditor, and Alpaca Securities as transfer agent. The issuer is Ondo Global Markets, domiciled in the British Virgin Islands. Ondo Finance's public leadership references include managing director John Hoffman.

How does Citigroup Tokenized Stock (Ondo) work?

Ondo tokenised stocks enable non-U.S. retail and institutional users around the world to instantly mint and redeem tokens providing price exposure to U.S. stocks and ETFs, 24 hours a day, five days a week, subject to certain exceptions impacting availability. According to the RWA.xyz asset page, these tokens provide full access to traditional exchange liquidity, with additional restrictions applying.

Each CON token corresponds to a defined claim on Citigroup stock at a conversion ratio of 1 CON = 1.0105 C. The token gives holders economic exposure similar to holding C and reinvesting any dividends. Ondo states that its tokenised stocks and ETFs are backed by corresponding securities and cash in transit, with underlying holdings kept at U.S.-registered broker-dealers or U.S.-chartered national trust companies. An independent verification agent reviews the backing each business day. The token is native on Ethereum, BNB Chain, and Solana, allowing holders to move exposure across supported networks.

What makes Citigroup Tokenized Stock (Ondo) unique and valuable?

CON provides a blockchain-native route to Citigroup stock exposure for non-U.S. investors, combining instant minting and redemption with 24/5 availability. Management, subscription and redemption fees are listed at 0%, according to the Ondo asset page. The multi-chain deployment across Ethereum, BNB Chain, and Solana gives holders flexibility in where they custody and transfer the token.

The product sits within the broader Ondo tokenised stock ecosystem, which held the largest slice of the tokenised stock market at roughly $955 million, according to Token Terminal as of 16 July 2026. Tokenised stocks have grown into a sizeable segment of the tracked real-world asset market, and Ondo positions itself as a leading issuer within it. This growing market context supports the relevance of CON as part of a larger trend toward onchain equity access.

What is Citigroup Tokenized Stock (Ondo) used for?

CON is primarily used to gain economic exposure to Citigroup stock without holding the traditional security directly. Non-U.S. investors can mint and redeem the token instantly using USDC, providing a capital-efficient way to access U.S. equity exposure around the clock on weekdays. The token can be traded on centralised crypto exchanges and supported venues, and it can be transferred across Ethereum, BNB Chain, and Solana.

Beyond spot exposure, the broader Ondo ecosystem has been expanding the utility of tokenised stocks as collateral. Ondo Perps has added tokenised equities as eligible collateral, allowing traders to retain exposure to those assets while supporting perpetual futures trades. Ondo has brought tokenised ETF products into Morpho lending markets. Chainlink data feeds for Ondo assets support collateral valuation across DeFi applications. These developments point to potential future use cases for CON in lending, collateral, and structured onchain strategies.

How Is the Citigroup Tokenized Stock (Ondo) ecosystem developing?

The Ondo ecosystem has expanded significantly through 2026. Ondo Finance is described as the largest tokenised stock issuer, which held the largest slice of the tokenised stock market at roughly $955 million, according to Token Terminal as of 16 July 2026. Ondo states that the platform has passed $1 billion in total value locked. Ondo Stocks now offers more than 440 tokenised stocks and ETFs across Ethereum, BNB Chain, and Solana.

Ondo Perps has added tokenised equities as eligible collateral, allowing traders to retain exposure to those assets while supporting perpetual futures trades. Ondo has brought tokenised ETF products into Morpho lending markets. Chainlink data feeds for Ondo assets support collateral valuation across DeFi applications. Ondo has highlighted that institutional adoption of onchain settlement, payments and investment access is expanding. Citigroup itself has been active in tokenisation: Citi launched its Digital Depositary Receipts on private shares on 11 June 2026, describing them as a market-first offering, which adds broader institutional momentum to the sector.

How to mine Citigroup Tokenized Stock (Ondo)?

CON is not a mined cryptocurrency. It is a tokenised real-world asset issued by Ondo Global Markets, so there is no proof-of-work mining or proof-of-stake validation mechanism associated with the token itself. Instead, tokens are minted and redeemed through the Ondo platform by eligible non-U.S. investors using USDC as the base asset, with instant subscription and redemption and zero fees.

Holders do not stake CON to secure a network or earn block rewards. Economic exposure comes from the underlying Citigroup stock price and the reinvestment of any dividends, as reflected in the conversion ratio. Any yield or return associated with the token derives from the performance of the underlying equity exposure rather than from mining or staking rewards.

How to keep your Citigroup Tokenized Stock (Ondo) Coin safe?

Because CON exists on Ethereum, BNB Chain, and Solana, holders should use wallets that support the relevant token standards, including ERC-20 and token-2022. Hardware wallets provide strong protection for private keys, while reputable software wallets can be used for smaller balances and active trading. Always verify the official Ondo product page and the correct token contract before interacting with any token claiming to be CON.

Additional safety practices include keeping seed phrases offline and never sharing them, using separate wallets for trading and long-term holding, and reviewing approvals granted to decentralised applications. Since Ondo states that underlying holdings are kept at U.S.-registered broker-dealers or U.S.-chartered national trust companies with daily independent verification, the primary security risks for holders are operational and self-custody related rather than protocol-level mining risks. Non-U.S. investor eligibility requirements should also be confirmed before minting or redeeming.