iShares MSCI Chile Tokenized ETF (Ondo) PriceECHON

What is iShares MSCI Chile Tokenized ETF (Ondo) (ECHON)?

iShares MSCI Chile Tokenized ETF (Ondo) (ECHON) is a tokenised representation of the iShares MSCI Chile ETF, issued through Ondo Finance's tokenised asset platform. The token gives holders economic exposure similar to holding the underlying ECH fund, including reinvested dividends, while operating on public blockchain networks. ECHON is deployed across multiple chains, including Solana, Ethereum as an ERC-20 token, and BNB Smart Chain as a BEP-20 token. The Ethereum deployment uses a BeaconProxy upgradeable contract pattern compiled with Solidity v0.8.16. ECHON has a total and circulating supply of approximately 26.47 tokens, with a market cap and fully diluted valuation of about $995 as of a 23 October 2026 snapshot. The project is part of Ondo Global Markets, an initiative that enables non-US users to mint and redeem tokenised US stocks and ETFs 24 hours a day, five days a week.

Key Specifications & Tokenomics

• Name: iShares MSCI Chile Tokenized ETF (Ondo)
• Ticker / Symbol: ECHON
• Issuer / Platform: Ondo Finance (Ondo Global Markets)
• Blockchain / Platform: Solana (primary platform per CoinMarketCap), Ethereum (ERC-20), BNB Smart Chain (BEP-20)
• Token Standard: ERC-20 on Ethereum, BEP-20 on BNB Smart Chain
• Solana Contract Address: BmXVAFyfpW7VuVYeWDtbFtLx7sek2mZt3BEsGgAondo
• Ethereum Contract Address: 0x74C8f41f57948Bfd8aa0D48C882d69d12d1Cc579
• BNB Smart Chain Contract Address: 0x551f8db0da800c910e12cf991eac306714481685
• Category: Tokenized Assets, Tokenized ETFs, Solana Ecosystem
• Listing Date: 24 March 2026 (per CoinMarketCap).
• Total Supply: 26.47 ECHON
• Circulating Supply: 26.47 ECHON
• Max Supply: Not capped in the CoinMarketCap registry; supply expands or contracts with minting and redemption demand through Ondo Global Markets.
• Market Cap: $995 (snapshot as of 23 October 2026)
• Underlying Asset: iShares MSCI Chile ETF (ECH)
• Underlying Inception Date: 2007-11-12
• Underlying Fund Category: Focused Region
• Underlying Expense Ratio: 0.59% (net, per Yahoo Finance)
• Underlying NAV: 38.92

Who created iShares MSCI Chile Tokenized ETF (Ondo)?

ECHON is issued by Ondo Finance through its Ondo Global Markets platform. Ondo Finance is the entity behind the tokenisation infrastructure, providing the app and smart contract framework that allows tokenised US stocks and ETFs to be minted and redeemed. The underlying fund, the iShares MSCI Chile ETF, is managed by iShares, a fund family operated by BlackRock. Ondo Finance maintains an official X account (twitter.com/ondofinance) and a product page at app.ondo.finance/assets/echon.

How does iShares MSCI Chile Tokenized ETF (Ondo) work?

ECHON functions as a blockchain-based token that mirrors the economic performance of the iShares MSCI Chile ETF. The underlying ECH fund seeks to track a free float-adjusted market capitalisation-weighted index composed of Chilean equities across large-, mid-, and small-cap segments. The fund invests at least 80% of its assets in component securities of the underlying index. Ondo's tokenisation mechanism allows non-US retail and institutional users to instantly mint and redeem tokenised versions of US stocks and ETFs, 24 hours a day, five days a week, with access to traditional exchange liquidity. On Ethereum, the contract employs a UI Multiplier mechanism, where displayed token amounts are scaled by an active multiplier based on the UIMultiplierUpdated event. This allows the token to reflect dividend reinvestment and other economic adjustments without changing the underlying token balance for each holder.

What makes iShares MSCI Chile Tokenized ETF (Ondo) unique and valuable?

ECHON combines traditional ETF exposure with blockchain-native accessibility. It offers targeted, single-country exposure to Chilean equities, a market segment that is otherwise difficult to access for many international investors. The tokenised format enables 24/5 minting and redemption, fractional ownership, and compatibility with decentralised finance infrastructure across Solana, Ethereum, and BNB Smart Chain. Sector exposure includes financial services at 24.70% and basic materials, per the underlying fund's published data. For investors seeking emerging market exposure through blockchain rails, ECHON represents a bridge between traditional Chilean equity markets and digital asset ecosystems.

What is iShares MSCI Chile Tokenized ETF (Ondo) used for?

ECHON is primarily used to gain tokenised exposure to the iShares MSCI Chile ETF without requiring direct access to traditional US brokerage accounts or exchanges. Holders can mint and redeem the token through the Ondo app, trade it on supported venues, and use it within compatible DeFi applications on Solana, Ethereum, and BNB Smart Chain. ECHON sits within Ondo Global Markets, which also issues tokenised versions of other US stocks and ETFs. This makes ECHON a building block for portfolio diversification and cross-asset strategies within the Ondo tokenised asset ecosystem. It is designed for non-US retail and institutional users seeking efficient, blockchain-based access to Chilean equity markets.

How Is the iShares MSCI Chile Tokenized ETF (Ondo) ecosystem developing?

The ECHON ecosystem is part of Ondo Finance's broader tokenised asset platform, which includes a range of tokenised ETFs and equities such as the VanEck Oil Services ETF, iShares Large Cap Core Active ETF, SPDR Bloomberg 1-3 Month T-Bill ETF, and Global X Blockchain ETF, among others. ECHON is tracked on CoinMarketCap and CoinGecko, with contract data on Etherscan, BscScan and Solscan; trading activity is currently very limited. The Ondo app provides live price charts and 24/5 minting and redemption of tokenised equities. Holder counts are small and change frequently; check the live explorer pages for current figures. Market capitalisation and holder counts change continuously and are displayed on the live data pages.

How to mine iShares MSCI Chile Tokenized ETF (Ondo)?

ECHON is not mined through proof-of-work or traditional mining mechanisms. It is a tokenised asset issued and redeemed through Ondo Finance's platform. Tokens are minted when users deposit or otherwise acquire the tokenised representation through the Ondo app, and redeemed through the same system. The minting and redemption process operates 24 hours a day, five days a week, providing access to traditional exchange liquidity. There is no staking or mining mechanism native to ECHON itself. Users who wish to acquire ECHON can do so through supported platforms that list the token or by using the Ondo app directly. Holding ECHON does not generate staking rewards; instead, the token's value reflects the performance of the underlying iShares MSCI Chile ETF, including reinvested dividends.

How to keep your iShares MSCI Chile Tokenized ETF (Ondo) Coin safe?

Securing ECHON requires standard blockchain security practices. Since the token exists on Solana, Ethereum, and BNB Smart Chain, users should store it in wallets compatible with the respective network, such as MetaMask for Ethereum and BNB Smart Chain. Always verify the correct contract address before interacting with any token: the Ethereum contract is 0x74C8f41f57948Bfd8aa0D48C882d69d12d1Cc579 and the BNB Smart Chain contract is 0x551f8db0da800c910e12cf991eac306714481685. Never share private keys or seed phrases. Users should verify the contract address on Etherscan before interacting and review Ondo's published restriction notes. As with all crypto assets, ECHON carries significant market risk, including extreme volatility and potential loss of capital. Consult professional advisors before investing.