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View ChartInvesco DB Commodity Index Tokenized Fund (Ondo) (DBCON) is a tokenized commodities product issued by Ondo Global Markets (BVI) Limited. It represents the Ondo Tokenized version of the Invesco DB Commodity Index Tracking Fund, providing tokenholders with onchain economic exposure similar to holding the underlying fund and reinvesting any dividends. Each DBCON token tracks the economic value of the Invesco DB Commodity Index Tracking Fund and is redeemable for cash or stablecoins at the then-current value of the underlying asset. Additional restrictions apply to this product.
The token is deployed on the Ethereum Mainnet as an ERC-20 asset using a BeaconProxy upgradeable contract pattern. The contract was compiled with Solidity v0.8.16, with optimization enabled at 200 runs and EvmVersion set to london. The onchain max total supply stands at approximately 6,359.45 DBCON according to Etherscan data, while supply figures reported across other data sources vary considerably, ranging from a few hundred to nearly 7,000 tokens depending on the reporting date and methodology.
Supply and market capitalization figures differ across data aggregators. Yahoo Finance reports a current supply of 6,984.10255971 with a market cap of approximately $234,369, while CoinGecko shows a circulating supply of 690 DBCON and a market cap of $20,149.47. Bitget reports a circulating supply of 622.55 DBCON with a market cap of $19,102.92. These discrepancies reflect differing snapshot dates and supply calculation methodologies rather than a single authoritative figure.
The tokenized product is issued by Ondo Global Markets (BVI) Limited, the entity behind Ondo Finance's tokenized asset offerings. Ondo Finance maintains an official website at ondo.finance and provides a dedicated Global Markets information page. The underlying fund is the Invesco DB Commodity Index Tracking Fund, managed by Invesco and listed on NYSE Arca under the ticker DBC. Detailed public information about the specific individuals or development team responsible for the tokenization smart contract is currently limited.
DBCON operates as a tokenized representation of the Invesco DB Commodity Index Tracking Fund on the Ethereum blockchain. The underlying fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. That index is a rules-based benchmark composed of futures contracts on the most heavily traded and important physical commodities in the world. The fund is designed for investors seeking a cost-effective and convenient way to gain exposure to commodity futures.
Onchain, DBCON uses a BeaconProxy upgradeable contract architecture, meaning the token logic can be upgraded through a proxy implementation while preserving the token contract address. The token employs a UI Multiplier mechanism that adjusts based on the UIMultiplierUpdated event, scaling displayed token amounts by the active multiplier. Tokenholders gain economic exposure to the underlying fund's value, and the token is redeemable for cash or stablecoins at the then-value of the underlying asset, subject to additional restrictions.
DBCON combines traditional commodity futures exposure with blockchain-based accessibility. By tokenizing the Invesco DB Commodity Index Tracking Fund, the product allows eligible users to gain onchain economic exposure to a diversified commodity index without directly holding commodity futures. The token provides 24/7 access to tokenized equities and commodities through the Ondo platform, with live pricing and charts available.
The underlying fund itself offers exposure to a rules-based index of futures contracts spanning the most heavily traded physical commodities globally. For investors seeking commodity exposure within a blockchain-native format, DBCON represents a bridge between traditional commodity ETF structures and decentralized finance infrastructure. The product is issued by Ondo Global Markets, connecting it to Ondo Finance's broader ecosystem of tokenized real-world assets.
DBCON is used to obtain onchain economic exposure to the Invesco DB Commodity Index Tracking Fund. Tokenholders can gain exposure similar to holding the underlying fund and reinvesting dividends, though additional restrictions apply. The token is redeemable for cash or stablecoins at the then-value of the underlying asset, providing a mechanism for value realization. It is tradable on the Ondo platform with live price data and charting, and it is tracked on external data platforms under the DBCON-USD trading pair. The token also serves as a component within Ondo Finance's tokenized asset ecosystem, which includes related products such as the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (Ondo Tokenized), ticker PDBCon.
The DBCON ecosystem is in an early stage. According to Etherscan data, the token had 18 holders and a total 24-hour transfer count of zero at the time of the referenced snapshot. Trading activity is limited, with the token trading on 2 active markets as reported by Yahoo Finance and CoinTracker. Market performance data shows a 52-week range of 23.13 to 33.77, with a year-to-date return of 44.44% per Yahoo Finance price history ranges.
Bitget commentary notes that the market value of DBCON is not widely recognized and that the token may have growth potential in a bull market. The token is part of Ondo Finance's broader tokenized asset initiative, which includes multiple tokenized ETF products. Related tokens such as PDBCon indicate an expanding family of tokenized commodity products within the Ondo ecosystem. The product's development is tied to Ondo Global Markets' continued expansion of its tokenized asset offerings and the underlying Invesco fund's performance.
DBCON is not a mineable cryptocurrency. It is a tokenized asset issued on the Ethereum blockchain as an ERC-20 token representing economic exposure to the Invesco DB Commodity Index Tracking Fund. There is no mining mechanism, proof-of-work consensus, or staking protocol associated with DBCON. Token acquisition occurs through the Ondo platform or secondary markets where the token is traded. The token's value derives from the underlying fund's net asset value rather than from block rewards or mining incentives.
DBCON is an ERC-20 token on Ethereum Mainnet, so standard Ethereum security practices apply. Store tokens in a reputable self-custody wallet that supports ERC-20 assets, and safeguard private keys or seed phrases offline. Because DBCON uses an upgradeable BeaconProxy contract, tokenholders should be aware that contract logic can be modified through the proxy implementation. Etherscan indicates that no contract security audit has been submitted for this token, which is a consideration for risk assessment.
Additional restrictions apply to DBCON, and eligibility requirements may limit who can hold or transfer the token. Before acquiring or holding DBCON, review the official Ondo Finance documentation and the token's Etherscan page for the latest contract details and any updates. Avoid sharing private keys, verify contract addresses before interacting with any token, and be cautious of phishing attempts that mimic legitimate token platforms. As with all cryptocurrency investments, market volatility and smart contract risk should be carefully considered.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for DBCON 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 Invesco DB Commodity Index Tokenized Fund (Ondo) (DBCON) is C$47.6. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated DBCON to USD rate at the top of BTCC’s price page. In terms of market scope, Invesco DB Commodity Index Tokenized Fund (Ondo) records a 24h trading volume of C$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$337.47K. Its current circulating supply stands at 7.09K out of a maximum supply cap of ∞.
The price volatility of Invesco DB Commodity Index Tokenized Fund (Ondo) (DBCON) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (7.09K) 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, Invesco DB Commodity Index Tokenized Fund (Ondo) (DBCON) hit an all-time high (ATH) of C$47.6 on 2026-10-23 14:15, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$32.43 on 2026-01-15 14:45. 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 DBCON 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 (C$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s DBCONUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Invesco DB Commodity Index Tokenized Fund (Ondo), simply log into your BTCC account with USDT margin available, navigate to the DBCONUSDT 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 DBCONUSDT 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: C$47.6), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for DBCONUSDT with zero financial risk.
Trading Invesco DB Commodity Index Tokenized Fund (Ondo) (DBCON) 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 DBCONUSDT, and review its live price (C$47.6) 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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