Global X Defense Tech Tokenized ETF (Ondo) PriceSHLDON

What is Global X Defense Tech Tokenized ETF (Ondo) (SHLDON)?

Global X Defense Tech Tokenized ETF (Ondo) (SHLDON) is a tokenised representation of the Global X Defense Tech ETF (SHLD), issued through Ondo Finance's Ondo Global Markets platform. It gives tokenholders economic exposure similar to holding SHLD, including reinvested dividends, while settling onchain. SHLDon is issued on Solana, with additional deployments on Ethereum (ERC-20) and BNB Chain. Its underlying fund invests in companies positioned to benefit from the increased adoption of defence technology, spanning cybersecurity, artificial intelligence, big data, and advanced military systems such as robotics, fuel systems, and aircraft. Circulating supply and total supply are both 60 SHLDon, according to CoinMarketCap registry data.

Key Specifications & Tokenomics

• Name: Global X Defense Tech Tokenized ETF (Ondo)
• Ticker / Symbol: SHLDON (also written as SHLDon)
• Token Type: ERC-20, with presence on multiple networks
• Underlying Asset: Global X Defense Tech ETF (SHLD)
• Issuer / Platform: Ondo Finance (Ondo Global Markets)
• Ethereum Contract Address: 0xFb4Aa24c9c4E65f82d57d268dA8a65a0dE0DC43B
• Solana Token Address: siVse6kjZb9ihaXHaqoG3mhHyTPEnNCkvSDTheoondo
• BNB Chain Contract Address: 0xe5ca1585c6053EE891027fD0A2548cB3B27D7f01
• Contract Type: BeaconProxy
• Decimals: 18
• Category: Tokenized Assets, Solana Ecosystem, Ondo Stocks Ecosystem
• CoinMarketCap ID (UCID): 40439
• CoinMarketCap Ranking: #3864
• CoinGecko Ranking: #7565
• CoinMarketCap listing date: 23 June 2026

Who created Global X Defense Tech Tokenized ETF (Ondo)?

SHLDON is issued by Ondo Finance through its Ondo Global Markets platform, which specialises in bringing tokenised U.S. stocks and ETFs onchain. The underlying fund, the Global X Defense Tech ETF, is managed by Global X ETFs, with Mirae Asset Global Investments identified as the parent group behind the Global X lineup. On June 18, 2026, Ondo Finance and Mirae Asset Global Investments signed a memorandum of understanding to tokenise Mirae Asset's Global X ETF lineup through Ondo Global Markets. SHLDon is issued by Ondo Finance through Ondo Global Markets; the underlying fund is managed by Global X ETFs, part of Mirae Asset Global Investments.

How does Global X Defense Tech Tokenized ETF (Ondo) work?

SHLDON tracks the economic performance of the Global X Defense Tech ETF. Ondo tokenized stocks allow non-US retail and institutional users around the world to mint and redeem tokenised U.S. stocks and ETFs 24 hours a day, five days a week, with access to traditional exchange liquidity, subject to additional restrictions. Onchain, SHLDON is implemented as a BeaconProxy contract on Ethereum, meaning the token logic can be upgraded through a proxy implementation while preserving the token address. The contract includes a UI Multiplier mechanism based on the UIMultiplierUpdated event, so displayed token amounts are scaled by the active multiplier. The token also exists on BNB Chain and Solana. The token is designed to be fully backed by the underlying publicly traded asset, together with cash in transit, held with regulated custodial broker-dealers.

What makes Global X Defense Tech Tokenized ETF (Ondo) unique and valuable?

SHLDON combines exposure to a specialised defence technology theme with the flexibility of onchain settlement. The underlying fund targets a sector where revenues are driven by strategic military priorities rather than economic cycles, differentiating it from civilian-market ETFs. According to a Global X ETFs forecast (drawing on SIPRI data), global defence spending is expected to keep growing through the end of the decade. The fund invests in pure-play defence technology companies that derive 50% or more of their revenues from relevant sub-categories, and holds at least 80% of net assets in securities of the Global X Defense Tech Index. Sector weightings are concentrated in industrials (about 84%) and technology (about 16%). The fund's top holdings include Palantir Technologies, RTX Corporation, General Dynamics, Lockheed Martin, and Northrop Grumman. For tokenholders, the value proposition lies in 24/5 minting and redemption, multi-chain availability, and access to a traditional ETF's economics through a crypto-native wrapper. As with any tokenised asset, the value of SHLDon tracks the underlying ETF and can fall; eligibility restrictions, custody arrangements and regulatory treatment may also affect access and redemption.

What is Global X Defense Tech Tokenized ETF (Ondo) used for?

SHLDON is used to gain onchain economic exposure to the Global X Defense Tech ETF without holding the ETF directly. It allows eligible non-US users to mint and redeem tokenised exposure around the clock on business days and to hold or transfer that exposure across supported networks including Ethereum, BNB Chain, and Solana. It can be swapped or traded on platforms that list it, used within wallet interfaces such as MetaMask and Solflare, and converted against other Ondo tokenised assets. Because it is a tokenised fund representation, it is not a mining token and does not offer staking rewards; its purpose is investment exposure rather than network security or governance.

How Is the Global X Defense Tech Tokenized ETF (Ondo) ecosystem developing?

The ecosystem around SHLDON is tied to Ondo Global Markets and the broader Ondo tokenised asset lineup. Ondo Finance's MoU with Mirae Asset Global Investments to tokenise the Global X ETF lineup signals an expansion path for tokenised ETF products. SHLDon is listed on Ondo Global Markets and tracked by major data platforms such as CoinMarketCap and CoinGecko, indicating early but broadening distribution. Holder numbers and transfer activity remain limited, reflecting an early-stage tokenised asset.

How to mine Global X Defense Tech Tokenized ETF (Ondo)?

SHLDON cannot be mined. It is a tokenised fund representation issued through Ondo Global Markets, not a proof-of-work or proof-of-stake network asset. There is no mining hardware, block reward, or staking mechanism associated with the token. Exposure is obtained by minting or redeeming through the Ondo platform, subject to eligibility restrictions, or by acquiring the token on venues where it is listed. Because the token reflects an ETF's economics rather than securing a blockchain, participants should not expect staking yield or validator rewards from holding it.

How to keep your Global X Defense Tech Tokenized ETF (Ondo) safe?

Because SHLDON is an ERC-20 token on Ethereum with additional presence on BNB Chain and Solana, standard self-custody practices apply. Use a reputable wallet that supports the relevant network, verify the token contract address before interacting with it, and be aware that SHLDON is implemented as a BeaconProxy with an upgradeable implementation and a UI Multiplier, so token balances shown may be scaled. Store seed phrases offline, avoid sharing private keys, and double-check addresses when minting, redeeming, or transferring. Since tokenised assets may carry eligibility restrictions and platform-specific terms, review the issuer's documentation before use. Cold storage is appropriate for long-term holdings, and splitting assets across wallets can reduce single-point risk.