iShares Flexible Income Tokenized ETF (Ondo) PriceBINCON

What is iShares Flexible Income Tokenized ETF (Ondo) (BINCON)?

iShares Flexible Income Tokenized ETF (Ondo) (BINCON) is a tokenized version of the iShares Flexible Income Active ETF (BINC), issued through the Ondo Finance platform. It gives tokenholders economic exposure similar to holding BINC and reinvesting distributions. The underlying fund, managed by iShares (BlackRock), seeks to maximize long-term income by primarily investing in debt and income-producing securities, including a broad range of global fixed income sectors such as high yield and emerging markets. BINCON operates on the Ethereum blockchain as a tokenized ETF or tokenized equity, and is tradable 24 hours a day, five days a week on the Ondo Finance platform. Circulating and total supply are 11,887 BINCon, per CoinMarketCap. As a tokenized ETF, the token supply expands or contracts with minting and redemption demand through Ondo Global Markets. The token represents an early-stage tokenized real-world asset product within the Ondo Finance ecosystem.

Key Specifications & Tokenomics

• Name: iShares Flexible Income Tokenized ETF (Ondo)
• Ticker / Symbol: BINCON
• Blockchain / Platform: Ethereum (native), BNB Chain (native), Solana (native); token standards ERC-20 on Ethereum and BNB Chain, token-2022 on Solana
• Token Contract Address (Ethereum): 0x88703c1e71f44a2d329c99e8e112f7a4e7dd6312
• Category: Tokenized ETF / Tokenized Equity
• Official Website: https://app.ondo.finance/assets/BINCon
• CMC ID: 39269
• Circulating Supply: 11,887 BINCon (per CoinMarketCap)
• Total Supply: 11,887 BINCon (per CoinMarketCap)
• Maximum Supply: No fixed cap. As a tokenized ETF, the token supply expands or contracts dynamically based on real-time minting and redemption demand via Ondo Global Markets.
• Total Asset Value: $291.60K (per RWA.xyz, as of 2026-10-23)

Who created iShares Flexible Income Tokenized ETF (Ondo)?

BINCON is issued through Ondo Finance, the platform responsible for tokenizing the underlying iShares Flexible Income Active ETF. The underlying fund is managed by iShares, a brand of BlackRock, one of the world's largest asset managers. The underlying fund, the iShares Flexible Income Active ETF (BINC), is listed under the ticker BINC, per the iShares product page. The Ondo Finance team is responsible for the tokenization infrastructure and the onchain issuance of BINCON. BINCon is issued by Ondo Global Markets, domiciled in the British Virgin Islands under a U.S. Securities Act Reg. S exemption. BitGo acts as crypto custodian, Alpaca Securities as traditional broker and transfer agent, and BPM UK Audit Ltd as auditor, per RWA.xyz.

How does iShares Flexible Income Tokenized ETF (Ondo) work?

BINCON functions as a tokenized representation of the iShares Flexible Income Active ETF on the Ethereum blockchain. The token provides holders with economic exposure similar to holding BINC and reinvesting its distributions. The underlying fund seeks to maximize long-term income by investing primarily in debt and income-producing securities across global fixed income sectors, including high yield and emerging markets. BINCON is tradable 24 hours a day, five days a week on the Ondo Finance platform, and can be swapped through MetaMask's converter, per MetaMask. The token operates on Ethereum, BNB Chain and Solana. Market value fluctuates with the underlying fund's net asset value and with minting and redemption activity. Eligible non-U.S. investors can mint and redeem BINCon instantly against USDC, with 0% subscription and redemption fees and 0% management and performance fees, per RWA.xyz.

What makes iShares Flexible Income Tokenized ETF (Ondo) unique and valuable?

BINCON combines the income-focused strategy of an established fixed income ETF with the accessibility and composability of blockchain-based tokens. By tokenizing the iShares Flexible Income Active ETF, BINCON allows investors to gain exposure to a diversified portfolio of global fixed income securities, including high yield and emerging market debt, without the traditional constraints of conventional ETF trading hours. The token's tradability 24 hours a day, five days a week on Ondo and availability through decentralized swap products add a layer of flexibility not available with the underlying ETF. Additionally, BINCON is part of the broader Ondo Finance tokenized asset ecosystem, which includes other tokenized ETFs and equities. BINCon can be converted against other Ondo tokenized assets such as FCELon and IEFon, per MetaMask's converter. Note that access is limited to non-U.S. investors under a Reg. S exemption, and token value tracks the underlying fund's net asset value, which can fall.

What is iShares Flexible Income Tokenized ETF (Ondo) used for?

BINCON is primarily used to gain tokenized exposure to the iShares Flexible Income Active ETF, which focuses on maximizing long-term income through investments in debt and income-producing securities. Tokenholders can use BINCON to diversify their portfolios into global fixed income sectors, including high yield and emerging markets, within a blockchain-native format. The token can be traded 24 hours a day, five days a week on Ondo and may be swapped on decentralized platforms. It also serves as a conversion pair within the Ondo tokenized asset ecosystem, allowing users to move between BINCON and other Ondo tokenized assets such as FCELon, OIHon, and FNon. BINCon is tracked on price and swap platforms including Ondo Finance, CoinMarketCap, MetaMask and Coinbase.

How Is the iShares Flexible Income Tokenized ETF (Ondo) ecosystem developing?

BINCON is part of the Ondo Finance tokenized asset ecosystem, which includes a range of other tokenized ETFs and equities such as XYLDon, IEFon, MTSIon, MRNAon, CRDOon, RGTIon, QYLDon, SILon, BRTRon, XOMon, AURon, and QLTAon. BINCon is tracked on several price and swap platforms, including Ondo Finance, CoinMarketCap and MetaMask. Conversion pairs are available for BINCON against multiple fiat currencies and other Ondo tokenized assets. The ecosystem continues to expand its tokenized asset offerings, with BINCON representing one of the income-focused fixed income products within the broader Ondo Finance platform. Market data and supply figures are updated across various tracking sources, reflecting ongoing development and adoption.

How to mine iShares Flexible Income Tokenized ETF (Ondo)?

BINCON is not a mined cryptocurrency. It is a tokenized asset issued on the Ethereum blockchain, representing economic exposure to the iShares Flexible Income Active ETF. There is no mining mechanism, proof-of-work consensus, or block reward associated with BINCON. Instead, the token is created through the tokenization process facilitated by Ondo Finance. Tokenholders gain exposure to the underlying fund's income-generating strategy, which primarily invests in debt and income-producing securities. The token operates on Ethereum and can be acquired through supported trading platforms. No staking or mining rewards are associated with holding BINCON.

How to keep your iShares Flexible Income Tokenized ETF (Ondo) Coin safe?

To keep your BINCON tokens safe, use a reputable self-custody wallet that supports Ethereum-based assets, such as MetaMask, which is listed as a compatible platform for buying, selling, swapping, and managing BINCON. Always verify the official token contract address (0x88703c1e71f44a2d329c99e8e112f7a4e7dd6312) before interacting with any token. Store your private keys and seed phrases securely offline, and never share them with anyone. Be cautious of phishing attempts and fake tokens that may use similar names or tickers. When trading on platforms such as Ondo Finance, Crypto.com, BitMart, or Phemex, ensure you are using official URLs. Consider using hardware wallets for large holdings and regularly review your security practices to protect your digital assets.

BINCON carries risks that investors should weigh. Its price can fluctuate with the underlying fund's net asset value and with market conditions, and the value of the token can fall. Regulatory treatment of tokenized securities may change, and access is limited to non-U.S. investors under a Reg. S exemption with additional restrictions. Technical risks include smart contract vulnerabilities and dependence on the issuing platform and its custodial arrangements. These points describe possible risks rather than predictions of outcomes.