Deere Tokenized Stock (Ondo) PriceDEON

What is Deere Tokenized Stock (Ondo) (DEON)?

Deere Tokenized Stock (Ondo) (DEON) is a tokenized equity product issued by Ondo Global Markets (BVI) Limited, a subsidiary of the Ondo Finance platform. It provides onchain economic exposure to Deere & Company, a U.S.-listed instrument, allowing tokenholders to gain exposure similar to holding the underlying equity and reinvesting any dividends. DEON is part of Ondo Stocks (formerly Ondo Global Markets), a tokenization initiative that brings traditional financial instruments onto public blockchain networks.

The token is designed for non-US retail and institutional users who want instant minting and redemption of tokenized U.S. stocks and ETFs, 24 hours a day, five days a week, with full access to traditional exchange liquidity. Ondo's tokenized equities leverage Chainlink price feeds, enabling assets to be used as collateral in DeFi lending. The total supply of DEON is approximately 18.24 tokens, with a circulating supply reported in the same range across multiple data sources. The product represents an early-stage, low-supply tokenized asset within the rapidly growing tokenized equities sector.

Key Specifications & Tokenomics

• Name: Deere Tokenized Stock (Ondo)
• Ticker / Symbol: DEON (also rendered as DEon)
• Issuer: Ondo Global Markets (BVI) Limited
• Asset Type: Tokenized stock (tokenized equity)
• Underlying Asset: Deere & Company, a U.S.-listed instrument
• Category: Tokenized Assets, Tokenized Stock
• Total Supply: 18.24463564
• Circulating Supply: 18.24463564
• Max Supply: Unlimited
• Blockchains: Ethereum, BNB Chain, Solana
• Price Feeds: Chainlink
• Official Product Page: https://app.ondo.finance/assets/DEon
• CMC ID: 39302

Who created Deere Tokenized Stock (Ondo)?

DEON is issued by Ondo Global Markets (BVI) Limited, part of Ondo Finance. Ondo Finance is a tokenization platform founded in 2021 by Nathan Allman, who had previously worked on Goldman Sachs' digital assets team. The company launched its first tokenized treasury products on Ethereum in January 2023 and became publicly known for its ONDO governance token in January 2024. The company is now led by CEO Ian De Bode, who stepped into the role from his previous position as Ondo's president. Nathan Allman served as Founder & CEO of Ondo Finance.

Following the death of founder Nathan Allman in May 2026, a corporate control dispute emerged. His estate, represented by mother Kathleen Allman, filed suit in Delaware courts alleging that current CEO Ian De Bode improperly assumed control and made unilateral corporate decisions during a probate period. The company board states it remains committed to operations and has stressed operational continuity. Detailed public information about the specific team directly responsible for the DEON product is currently limited.

How does Deere Tokenized Stock (Ondo) work?

DEON operates as a tokenized representation of Deere & Company equity on public blockchains. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week, with full access to traditional exchange liquidity. Additional restrictions apply. The token can be traded peer to peer 24/7 without a brokerage account.

Ondo's tokenized stocks and ETFs are backed by corresponding securities and cash in transit, with underlying holdings kept at US-registered broker-dealers or US-chartered national trust companies. An independent verification agent reviews the backing each business day. Ondo's tokenized equities leverage Chainlink price feeds, allowing assets to be used as collateral in DeFi lending. Ondo launched the first tokenized stock representations based on DTC tokenized entitlements to DTC-held assets. The platform offers more than 440 tokenized stocks and ETFs across Ethereum, BNB Chain and Solana.

What makes Deere Tokenized Stock (Ondo) unique and valuable?

DEON provides a bridge between traditional equity markets and decentralized finance. Its key differentiator is the combination of 24/5 minting and redemption with full access to traditional exchange liquidity, alongside 24/7 peer-to-peer trading. This structure allows non-US users to gain economic exposure to Deere & Company without opening a traditional brokerage account.

The token's integration with Chainlink price feeds and its eligibility as collateral in DeFi lending protocols adds utility beyond simple exposure. Ondo Perps has added tokenized stocks as eligible collateral, allowing traders to retain exposure to those assets while using them to support perpetual futures trades. This creates a second use case for tokenized equities, enabling hedging and basis strategies. The backing structure, with holdings at US-registered broker-dealers or US-chartered national trust companies and daily independent verification, provides a layer of transparency and trust that distinguishes Ondo's tokenized products from less structured alternatives.

What is Deere Tokenized Stock (Ondo) used for?

DEON is primarily used to gain onchain economic exposure to Deere & Company, a U.S.-listed instrument, and to reinvest any dividends. It allows non-US retail and institutional users to access tokenized U.S. equities without a brokerage account. The token can be traded peer to peer 24/7 and used as collateral in DeFi lending markets.

Ondo lets traders use tokenized stocks as collateral for leveraged trades without selling their equity exposure first. A tokenized stock can remain part of a trader's market exposure while funding a leveraged position. Ondo Perps enables traders to use tokenized securities alongside stablecoins as multi-asset collateral, including an equity token linked to one company to support a perpetual contract linked to another. Immediate use cases include hedging, where a trader holding a tokenized equity can open an offsetting perpetual trade on the same venue, and basis strategies, where investors can hold the spot token, short its perpetual future and collect funding when rates are positive.

How Is the Deere Tokenized Stock (Ondo) ecosystem developing?

The tokenized equities sector has seen significant growth. Tokenized stocks reached roughly $1.8 billion in market capitalization in August 2026 and accounted for about 15% of the tracked real-world asset market, three times their share at the start of 2026. Ondo held the largest slice at roughly $957 million on Aug. 17, 2026. Ondo Stocks now offers more than 440 tokenized stocks and ETFs across Ethereum, BNB Chain and Solana. The platform has also passed $1 billion in TVL.

The tokenized real-world asset sector reached approximately $38 billion in total distributed value as of Aug. 10, 2026. Ondo Finance holds roughly $3.43 billion in AUM representing an 8 percent share, driven primarily by its USDY product exceeding $2.1 billion. The company also commands 58 to 70 percent of the tokenized equities segment. As of July 2026, Ondo supports over 470 tokenized assets, all of which are available to trade on MetaMask. KuCoin announced support for Ondo Finance tokenized securities on its Alpha platform, enabling trading of over 40 tokenized stocks and 8 ETFs. Ondo launched 24/7 minting and redemption for tokenized U.S. stocks and ETFs across Ethereum, BNB Chain and Solana, as well as DTCC-related integrations for onchain entitlements.

How to mine Deere Tokenized Stock (Ondo)?

DEON is not a mineable cryptocurrency. It is a tokenized equity product issued by Ondo Global Markets (BVI) Limited. There is no mining mechanism, proof-of-work consensus, or staking reward associated with this token. Instead, DEON is minted and redeemed through the Ondo platform by eligible non-US retail and institutional users. The token is backed by corresponding securities and cash in transit held at US-registered broker-dealers or US-chartered national trust companies.

Users who wish to obtain DEON can do so through supported trading venues or by minting directly via the Ondo platform, subject to applicable restrictions. The token can be traded peer to peer 24/7. There is no staking mechanism that generates yield from the token itself, though its use as collateral in DeFi lending and perpetual futures platforms provides utility beyond simple holding.

How to keep your Deere Tokenized Stock (Ondo) safe?

DEON is a blockchain-based token that exists on Ethereum, BNB Chain and Solana. To keep it safe, use a reputable self-custody wallet that supports the relevant blockchain networks. Store your private keys or seed phrases offline in a secure location, and never share them with anyone. Consider using hardware wallets for larger holdings. Verify all contract addresses and official URLs before interacting with any platform.

Because DEON is a tokenized equity product, it carries additional considerations beyond typical cryptocurrency risks. Collateral quality is important for DeFi use cases, and perpetual markets depend on reliable pricing and enough liquidity to manage liquidations during volatile periods. Equities also bring dividends, stock splits and other corporate actions into the risk model. Additional restrictions apply to Ondo tokenized stocks, and non-US retail and institutional users are the target market. The corporate control dispute at Ondo Finance has added uncertainty even as the platform maintains strong real-world asset activity. Always conduct independent research and consult official Ondo Finance resources for the most current information.