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View ChartPalo Alto Networks Tokenized Stock (Ondo) (PANWON) is a tokenised real-world asset that gives tokenholders economic exposure similar to holding Palo Alto Networks (PANW) stock, including the reinvestment of any dividends. Issued through Ondo Global Markets, the token is designed to give non-US retail and institutional users around the world the ability to instantly mint and redeem tokenised US stocks and ETFs, 24 hours a day, five days a week, with full access to traditional exchange liquidity. The underlying reference asset is Palo Alto Networks, a cybersecurity company. PANWON is built on Ethereum as an ERC-20 token with 18 decimal places, and it has also been deployed on BNB Chain as a BEP-20 token and on Solana as an SPL token. Its total supply is approximately 7.89K PANW.ON, with a fully diluted value of about $2.95M. The product launched in July 2025 and forms part of the broader Ondo tokenised equities ecosystem.
PANWON is issued through Ondo Global Markets, the platform responsible for bringing tokenised US stocks and ETFs on-chain. The product is not issued, sponsored, endorsed, or affiliated with Palo Alto Networks. The company name and any other trademarks are used solely to identify the underlying reference asset. The underlying company, Palo Alto Networks, is led by Chairman and CEO Nikesh Arora. Detailed public information about the specific individuals or team behind the Ondo tokenised stock product itself is currently limited.
PANWON functions as a tokenised representation of Palo Alto Networks stock. Through Ondo Global Markets, eligible non-US retail and institutional users can instantly mint and redeem tokenised US stocks and ETFs, 24 hours a day, five days a week, with full access to traditional exchange liquidity. The token tracks the price of the underlying PANW stock, and tokenholders receive economic exposure similar to holding PANW and reinvesting any dividends. The token is deployed across multiple blockchains: Ethereum as an ERC-20 token, BNB Chain as a BEP-20 token, and Solana as an SPL token. This multi-chain deployment allows holders to access the asset across different ecosystems. Additional restrictions apply to the minting and redemption process.
PANWON's primary value proposition lies in bridging traditional equity markets with blockchain technology. It enables non-US users to gain exposure to Palo Alto Networks, a major cybersecurity company, without directly accessing US brokerage accounts. The token offers 24/5 minting and redemption with full access to traditional exchange liquidity, providing flexibility beyond standard market hours. Its multi-chain deployment across Ethereum, BNB Chain, and Solana enhances accessibility and composability within decentralised finance ecosystems. As part of the Ondo tokenised equities ecosystem, PANWON sits alongside other tokenised assets such as IWMon, JPMon, PLTRon, and GLDon, creating a diversified suite of real-world asset tokens. The token also integrates with popular wallets and platforms including MetaMask, Trust Wallet, and Phantom, supporting use cases like swapping, staking, and prediction markets.
PANWON is used to gain tokenised economic exposure to Palo Alto Networks stock. Tokenholders can buy, sell, and swap PANWON across supported blockchains. On platforms like MetaMask, users can buy PANWON, sell it for cash, swap it across blockchains, trade prediction markets, use perpetual contracts with leverage, and stake it to earn passive income. Trust Wallet supports swapping PANWON among 32M+ assets across 110+ chains. The token can also be used in conversion pairs with other Ondo tokenised assets, such as exchanging PANWON for IWMon, JPMon, PLTRon, and others. Additionally, PANWON is traded on various platforms with the PANWONUSDT pair, providing liquidity for traders seeking exposure to the tokenised stock.
PANWON is part of the expanding Ondo tokenised equities ecosystem, which includes a range of tokenised stocks and ETFs such as iShares Russell 2000 ETF (IWMon), JPMorgan Chase (JPMon), Palantir Technologies (PLTRon), ASML Holding NV (ASMLon), SPDR Gold Shares (GLDon), and many others. The ecosystem also includes the Ondo native token (ONDO). The multi-chain deployment of PANWON across Ethereum, BNB Chain, and Solana reflects an ongoing effort to broaden accessibility. Various platforms provide price data, conversion tools, and market information for PANWON, including CoinDesk, CoinMarketCap, CoinGecko, Trust Wallet, MetaMask, Phantom, and RWA.io. Forecasts from platforms such as Bitget and Bybit project potential price levels for PANWON in future years, indicating ongoing market interest in the tokenised stock sector.
PANWON is not mined through proof-of-work or similar mining mechanisms. It is a tokenised asset issued through Ondo Global Markets, meaning tokens are minted and redeemed through the platform rather than generated through mining. There is no mining process associated with this token. Holders may participate in staking or other yield-generating activities on supported platforms such as MetaMask, where staking is available as a feature. The token's value is derived from the underlying Palo Alto Networks stock rather than from mining rewards or block subsidies.
To keep PANWON safe, use reputable self-custody wallets that support ERC-20, BEP-20, and SPL tokens, such as MetaMask, Trust Wallet, or Phantom. Always verify the correct smart contract address before interacting with the token, as multiple chains have different contract addresses. Store private keys and seed phrases securely offline, and never share them with anyone. Be cautious of phishing sites and fake tokens that mimic legitimate assets. When swapping or trading PANWON, use official platform links and verified sources. Consider using hardware wallets for additional security when holding significant amounts. Since the token exists on multiple blockchains, ensure you are interacting with the correct network and contract for your intended transaction.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PANWON are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Palo Alto Networks Tokenized Stock (Ondo) (PANWON) is A$580.12. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PANWON to USD rate at the top of BTCC’s price page. In terms of market scope, Palo Alto Networks Tokenized Stock (Ondo) records a 24h trading volume of A$705.77K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$4.61M. Its current circulating supply stands at 7.95K out of a maximum supply cap of ∞.
The price volatility of Palo Alto Networks Tokenized Stock (Ondo) (PANWON) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (7.95K) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Palo Alto Networks Tokenized Stock (Ondo) (PANWON) hit an all-time high (ATH) of A$586.45 on 2026-10-02 15:05, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$200.81 on 2026-02-24 18:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading PANWON futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$705.77K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PANWONUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Palo Alto Networks Tokenized Stock (Ondo), simply log into your BTCC account with USDT margin available, navigate to the PANWONUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for PANWONUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$580.12), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for PANWONUSDT with zero financial risk.
Trading Palo Alto Networks Tokenized Stock (Ondo) (PANWON) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for PANWONUSDT, and review its live price (A$580.12) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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