iShares MSCI Chile Tokenized ETF (Ondo) PriceECHON

What is iShares MSCI Chile Tokenized ETF (Ondo) (ECHON)?

iShares MSCI Chile Tokenized ETF (Ondo) (ECHON) is a tokenized representation of the iShares MSCI Chile ETF, issued through Ondo Finance's tokenized asset platform. The token gives holders economic exposure similar to holding the underlying ECH fund, including reinvested dividends, while operating on public blockchain networks. ECHON is deployed across multiple chains, including Solana, Ethereum as an ERC-20 token, and BNB Smart Chain as a BEP-20 token. The Ethereum deployment uses a BeaconProxy upgradeable contract pattern compiled with Solidity v0.8.16. According to CoinMarketCap data, ECHON has a total and circulating supply of approximately 32.6 tokens, with a fully diluted valuation near $1.29K. The project is part of Ondo Global Markets, an initiative that enables non-US users to mint and redeem tokenized US stocks and ETFs 24 hours a day, five days a week.

Key Specifications & Tokenomics

• Name: iShares MSCI Chile Tokenized ETF (Ondo)
• Ticker / Symbol: ECHON
• Issuer / Platform: Ondo Finance (Ondo Global Markets)
• Blockchain / Platform: Solana, Ethereum (ERC-20), BNB Smart Chain (BEP-20)
• Token Standard: ERC-20 on Ethereum, BEP-20 on BNB Smart Chain
• Ethereum Contract Address: 0x74C8f41f57948Bfd8aa0D48C882d69d12d1Cc579
• BNB Smart Chain Contract Address: 0x551f8db0da800c910e12cf991eac306714481685
• Category: Tokenized Assets, Tokenized ETFs, Solana Ecosystem
• Total Supply: 32.6 ECHON
• Circulating Supply: 32.6 ECHON
• Market Cap: $1.29K
• Underlying Asset: iShares MSCI Chile ETF (ECH)
• Underlying Inception Date: 2007-11-12
• Underlying Fund Category: Focused Region
• Underlying Expense Ratio: 0.59% (net, per Yahoo Finance)
• Underlying NAV: 38.92

Who created iShares MSCI Chile Tokenized ETF (Ondo)?

ECHON is issued by Ondo Finance through its Ondo Global Markets platform. Ondo Finance is the entity behind the tokenization infrastructure, providing the app and smart contract framework that allows tokenized US stocks and ETFs to be minted and redeemed. The underlying fund, the iShares MSCI Chile ETF, is managed by iShares, a fund family operated by BlackRock. Detailed public information about the specific development team or individual founders behind the ECHON token itself is currently limited. The Ondo Finance project maintains public social channels including X, GitHub, Telegram, and a documentation site, as listed on Etherscan.

How does iShares MSCI Chile Tokenized ETF (Ondo) work?

ECHON functions as a blockchain-based token that mirrors the economic performance of the iShares MSCI Chile ETF. The underlying ECH fund seeks to track a free float-adjusted market capitalization-weighted index composed of Chilean equities across large-, mid-, and small-cap segments. The fund invests at least 80% of its assets in component securities of the underlying index. Ondo's tokenization mechanism allows non-US retail and institutional users to instantly mint and redeem tokenized versions of US stocks and ETFs, 24 hours a day, five days a week, with access to traditional exchange liquidity. On Ethereum, the contract employs a UI Multiplier mechanism, where displayed token amounts are scaled by an active multiplier based on the UIMultiplierUpdated event. This allows the token to reflect dividend reinvestment and other economic adjustments without changing the underlying token balance for each holder.

What makes iShares MSCI Chile Tokenized ETF (Ondo) unique and valuable?

ECHON combines traditional ETF exposure with blockchain-native accessibility. It offers targeted, single-country exposure to Chilean equities, a market segment that is otherwise difficult to access for many international investors. The tokenized format enables 24/5 minting and redemption, fractional ownership, and compatibility with decentralized finance infrastructure across Solana, Ethereum, and BNB Smart Chain. The underlying fund provides diversified exposure to Chilean sectors including financial services at 24.70%, basic materials at 18.51%, industrials at 15.52%, and utilities at 12.63%. The fund is non-diversified and has a 5-year beta of 0.99, indicating moderate sensitivity relative to broader markets. For investors seeking emerging market exposure through blockchain rails, ECHON represents a bridge between traditional Chilean equity markets and digital asset ecosystems.

What is iShares MSCI Chile Tokenized ETF (Ondo) used for?

ECHON is primarily used to gain tokenized exposure to the iShares MSCI Chile ETF without requiring direct access to traditional US brokerage accounts or exchanges. Holders can mint and redeem the token through the Ondo app, trade it on supported venues, and use it within compatible DeFi applications on Solana, Ethereum, and BNB Smart Chain. The token also facilitates conversions between other Ondo tokenized assets, such as BKCHon, OIHon, KOPNon, BLCRon, BINCon, BILon, FCELon, ORBXon, IGEBon, MTZon, DGXXon, and INROon. This makes ECHON a building block for portfolio diversification and cross-asset strategies within the Ondo tokenized asset ecosystem. It is designed for non-US retail and institutional users seeking efficient, blockchain-based access to Chilean equity markets.

How Is the iShares MSCI Chile Tokenized ETF (Ondo) ecosystem developing?

The ECHON ecosystem is part of Ondo Finance's broader tokenized asset platform, which includes a range of tokenized ETFs and equities such as the VanEck Oil Services ETF, iShares Large Cap Core Active ETF, SPDR Bloomberg 1-3 Month T-Bill ETF, and Global X Blockchain ETF, among others. The token is tracked on major data platforms including CoinMarketCap, CoinGecko, Etherscan, BscScan, and Arkham. It is also listed on price pages across multiple trading venues and wallets, including Bybit, Coinbase, Crypto.com, and MetaMask. The Ondo app provides live price charts and 24/7 access to tokenized equities. As of September 2026, Etherscan data shows 6 holders on Ethereum, while BscScan recorded 17 holders on BNB Smart Chain and CoinMarketCap reported 27 holders, indicating a small but multi-chain holder base.

How to mine iShares MSCI Chile Tokenized ETF (Ondo)?

ECHON is not mined through proof-of-work or traditional mining mechanisms. It is a tokenized asset issued and redeemed through Ondo Finance's platform. Tokens are minted when users deposit or otherwise acquire the tokenized representation through the Ondo app, and redeemed through the same system. The minting and redemption process operates 24 hours a day, five days a week, providing access to traditional exchange liquidity. There is no staking or mining mechanism native to ECHON itself. Users who wish to acquire ECHON can do so through supported platforms that list the token or by using the Ondo app directly. Holding ECHON does not generate staking rewards; instead, the token's value reflects the performance of the underlying iShares MSCI Chile ETF, including reinvested dividends.

How to keep your iShares MSCI Chile Tokenized ETF (Ondo) Coin safe?

Securing ECHON requires standard blockchain security practices. Since the token exists on Solana, Ethereum, and BNB Smart Chain, users should store it in wallets compatible with the respective network, such as MetaMask for Ethereum and BNB Smart Chain. Always verify the correct contract address before interacting with any token: the Ethereum contract is 0x74C8f41f57948Bfd8aa0D48C882d69d12d1Cc579 and the BNB Smart Chain contract is 0x551f8db0da800c910e12cf991eac306714481685. Never share private keys or seed phrases. Be aware that the Ethereum contract has no contract security audit submitted, per Etherscan, and the token reputation is marked as Neutral. Users should also review Ondo's restriction notes, as additional restrictions apply to the platform. As with all crypto assets, ECHON carries significant market risk, including extreme volatility and potential loss of capital. Consult professional advisors before investing.