Roundhill Memory ETF Tokenized ETF (Ondo) PriceDRAMON

What is Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON)?

Roundhill Memory ETF Tokenized ETF (Ondo), trading under the ticker DRAMON, is a tokenized representation of the Roundhill Memory ETF (DRAM), issued through Ondo Global Markets on the Ondo Finance platform. The token provides non-U.S. investors with economic exposure similar to holding shares of the underlying ETF, including the reinvestment of any dividends. The underlying Roundhill Memory ETF is the first-ever memory stock ETF, actively managed and listed on Cboe BZX with an expense ratio of 0.65%. It seeks to offer exposure to a targeted basket of global memory chip companies positioned at the center of AI-driven demand for faster, more efficient data processing and storage. DRAMON was launched in June 2026, with an inception date of June 17, 2026, and is domiciled in the British Virgin Islands under a U.S. Securities Act Reg. S exemption. The token is issued as a distributed tokenization product, with the underlying asset classified as stocks. Token supply data varies across tracking platforms, with RWA.xyz reporting a circulating supply of 24,900.78 as of September 18, 2026, while other sources report figures ranging from approximately 29,678 to 227,049.42. The token is deployed across multiple networks, including BNB Chain, Ethereum, and Solana, using ERC-20 and token-2022 standards.

Key Specifications & Tokenomics

• Name: Roundhill Memory ETF Tokenized ETF (Ondo)
• Ticker: DRAMON
• Platform / Issuer: Ondo (Ondo Finance) / Ondo Global Markets
• Tokenization Type: Distributed Tokenization
• Asset Class: Stocks
• Underlying Security: Roundhill Memory ETF (DRAM)
• Inception Date: 06/17/2026
• Launch Date: June 2026
• Domicile: British Virgin Islands
• Regulatory Framework: U.S. Securities Act Reg. S Exemption
• Regulator Reference: SEC - U.S. Securities and Exchange Commission
• Dispute Resolution Country: British Virgin Islands
• Official Website: app.ondo.finance
• Asset Page: https://app.ondo.finance/assets/dramon
• Contract Address (Ethereum): 0xdb5a8f5b4c17f2ee2e7192a150687e48eb3c415d
• Explorer: etherscan.io
• Categories: Solana Ecosystem
• Base Assets: USDC
• Subscription / Redemption Fees: 0%
• Management / Performance Fees: 0%
• Eligible Investors: Non-U.S. Investor

Who created Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON)?

DRAMON is issued by Ondo Global Markets, the tokenization arm of Ondo Finance, which serves as the platform and issuer. The underlying Roundhill Memory ETF is managed by Roundhill Investments, a firm known for its thematic ETF lineup that includes products such as BETZ, MAGS, and METV. The tokenization infrastructure involves several service providers: BitGo acts as the crypto custodian, Alpaca Securities serves as the traditional broker and transfer agent, Ondo Stocks functions as the fund administrator, and BPM UK Audit Ltd is the auditor. The legal identifier for Alpaca Securities LLC is 0001702580. Detailed public information about individual founders or team members behind the tokenized product is currently limited. The Roundhill Memory ETF itself maintains contact channels including a phone number at 646.661.5441 and an email at [email protected] for fund-related inquiries.

How does Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON) work?

DRAMON operates as a tokenized wrapper around the Roundhill Memory ETF, designed to mirror the economic performance of the underlying fund, including dividend reinvestment. Ondo tokenized stocks enable non-U.S. retail and institutional users 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. The primary market mechanics allow eligible non-U.S. investors to subscribe using USDC with instant settlement and zero subscription fees, and to redeem instantly with zero redemption fees. Management and performance fees are also zero. The token is deployed across multiple blockchain networks. On BNB Chain, it uses the ERC-20 token standard with a supply of 15,140.56 as of September 18, 2026. On Ethereum, it also uses ERC-20 with a supply of 9,760.22. On Solana, it uses the token-2022 standard. The underlying ETF holds a basket of global memory chip companies, with named constituents including Samsung, SK Hynix, Micron, Kioxia, and SanDisk. The ETF focuses on semiconductor companies producing and supplying HBM, NAND, and DRAM, which are described as the bottleneck of the AI revolution.

What makes Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON) unique and valuable?

DRAMON offers several distinctive features. First, it provides pure-play exposure to the memory chip sector, unlike broader semiconductor funds, through a tokenized format accessible to non-U.S. investors. The underlying Roundhill Memory ETF is the first-ever memory stock ETF, with an investment thesis centered on computer memory and storage as a secular growth story tied to the multi-decade buildout of AI infrastructure. The fund's positioning emphasizes memory as a critical bottleneck of the AI revolution, supported by a secular shift toward data-intensive applications and sustained demand growth. Second, the tokenization structure enables 24/5 instant minting and redemption with zero fees, providing flexibility not available in traditional ETF trading. Third, the token offers global memory exposure to a targeted basket of leading memory producers. The token is also integrated into the Solana Ecosystem, with the DRAM ETF having been tokenized on Solana via Backpack Securities and SunriseDeFi in June 2026. The combination of traditional ETF economics with blockchain-based accessibility and the thematic focus on AI-driven memory demand creates a unique investment profile for eligible non-U.S. investors.

What is Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON) used for?

DRAMON is primarily used to gain economic exposure to the Roundhill Memory ETF without directly holding the traditional ETF shares. Tokenholders receive exposure similar to holding DRAM and reinvesting any dividends, making it a tool for investors seeking returns tied to the memory semiconductor sector. The token enables non-U.S. retail and institutional users to access tokenized U.S. stocks and ETFs with full access to traditional exchange liquidity. It can be minted and redeemed instantly using USDC, and it is tradable on centralized crypto exchanges. The token also serves as a portfolio diversification instrument for those looking to add AI-infrastructure-related exposure through blockchain-based assets. Additionally, DRAMON can be used within decentralized finance ecosystems and wallet applications, with listings on platforms including MetaMask, Phantom, and Metaplex. The token functions as a bridge between traditional equity markets and crypto-native infrastructure, allowing eligible investors to hold memory chip exposure in a self-custodied or platform-custodied digital format.

How Is the Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON) ecosystem developing?

The DRAMON ecosystem is developing through integrations with multiple service providers and platforms. Ondo Finance serves as the tokenization platform and issuer through Ondo Global Markets. Alpaca Securities provides traditional brokerage, transfer agent, and legal identifier services. BitGo functions as the crypto custodian, while BPM UK Audit Ltd handles auditing. The token is categorized under the Solana Ecosystem and has been tokenized on Solana via Backpack Securities and SunriseDeFi as of June 26, 2026. It is listed across various tracking and analytics platforms including CoinGecko, CoinStats, RWA.xyz, investing.com, revenuebot.io, MetaMask, Phantom, Metaplex, and Kryll X-Ray. Trading venues include centralized crypto exchanges such as Bybit, Phemex, MEXC Global, and OneBullEx. The underlying Roundhill Memory ETF maintains a broader ecosystem of thematic ETFs, weekly pay ETFs, leveraged ETFs, income ETFs, and tax-efficient core ETFs. RWA metrics as of September 18, 2026 show 572 holders, a monthly transfer volume of $5.71 million, 257 trailing 30-day active addresses, and 1,280 monthly transfers, indicating an active though evolving tokenized asset ecosystem.

How to mine Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON)?

DRAMON is not mined through proof-of-work or similar consensus mechanisms. Instead, it is issued and redeemed through Ondo Global Markets' tokenization infrastructure. Eligible non-U.S. investors can acquire DRAMON by subscribing with USDC, with instant subscription times and zero subscription fees. Redemption is also instant and free of charge. There is no management fee or performance fee associated with the token. The token is backed by the underlying Roundhill Memory ETF, which is actively managed and holds a basket of global memory chip companies. The creation and redemption process is facilitated by Alpaca Securities as the traditional broker and transfer agent, with BitGo providing custody services. This structure allows for arbitrage mechanisms that help keep the token price aligned with the net asset value of the underlying ETF. Tokenholders do not participate in mining or staking rewards; instead, their economic return is tied to the performance of the underlying memory chip equity basket, including dividend reinvestment.

How to keep your Roundhill Memory ETF Tokenized ETF (Ondo) (DRAMON) Coin safe?

Keeping DRAMON safe requires attention to both blockchain security and platform-level considerations. The token is deployed on BNB Chain, Ethereum, and Solana, with the Ethereum contract address at 0xdb5a8f5b4c17f2ee2e7192a150687e48eb3c415d. Investors should verify contract addresses carefully before interacting with the token to avoid phishing or counterfeit assets. Using reputable self-custody wallets such as MetaMask or Phantom, which list the token, can provide greater control over private keys. Hardware wallets are recommended for long-term storage of significant holdings. Because DRAMON is issued under a Reg. S exemption and is available only to non-U.S. investors, users should ensure they meet eligibility requirements and understand the regulatory framework, which includes dispute resolution in the British Virgin Islands. The crypto custodian for the platform is BitGo, and the auditor is BPM UK Audit Ltd. Investors should also be aware of market risks including extreme volatility and potential loss of capital, and should independently assess their financial capacity before investing. Consulting professional advisors is encouraged, and no content should be considered financial advice.