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 tokenized 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 across Ethereum (ERC-20), BNB Chain and Solana; CoinMarketCap registry data lists Solana as the primary chain. Its underlying fund invests in companies positioned to benefit from the increased adoption of defense 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
• Compiler Version: v0.8.16+commit.07a7930e
• Optimization: Enabled with 200 runs
• EVM Version: london
• Decimals: 18
• Category: Tokenized Assets, Solana Ecosystem, Ondo Stocks Ecosystem
• CoinMarketCap ID (UCID): 40439
• CoinMarketCap Ranking: #3864
• CoinGecko Ranking: #7565

The underlying Global X Defense Tech ETF (SHLD) launched on September 11, 2023, trades on NYSE Arca, carries a total expense ratio of 0.50% and holds 50 securities.

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

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. Ondo Global Markets specializes in bringing tokenized U.S. stocks and ETFs onchain. On June 18, 2026, Ondo Finance and Mirae Asset Global Investments signed a memorandum of understanding to tokenize Mirae Asset's Global X ETF lineup through Ondo Global Markets; the SHLDon token was listed on CoinMarketCap on June 23, 2026.

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 tokenized U.S. stocks and ETFs 24 hours a day, five days a week, with access to traditional exchange liquidity, subject to additional restrictions. 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. 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.

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

SHLDON combines exposure to a specialized defense 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. The underlying fund targets pure-play defense technology companies that derive 50% or more of their revenues from relevant sub-categories, and invests at least 80% of net assets in the Global X Defense Tech Index. According to a Global X ETFs forecast drawing on Stockholm International Peace Research Institute (SIPRI) data, global defence spending could rise another 6% year-over-year to over $3 trillion in 2026 and reach $4.4 trillion by 2030. As of October 9, 2026, the fund's top holdings were Palantir Technologies (13.24%), RTX Corporation (9.11%), General Dynamics (8.37%), Lockheed Martin (8.28%) and Northrop Grumman (7.51%). As of October 9, 2026, the fund's sector allocation was approximately 84% industrials and 16% technology. 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.

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 tokenized 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 tokenized assets. Because it is a tokenized 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 tokenized asset lineup. Ondo Finance's MoU with Mirae Asset Global Investments to tokenize the Global X ETF lineup signals an expansion path for tokenized ETF products. SHLDon is tracked on major data platforms such as CoinMarketCap and CoinGecko, indicating early but growing distribution. Holder counts remain small, consistent with an early-stage tokenized asset.

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

SHLDON cannot be mined. It is a tokenized 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 tokenized 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.