FormFactor Tokenized Stock (Ondo) PriceFORMON

What is FormFactor Tokenized Stock (Ondo) (FORMON)?

FormFactor Tokenized Stock (Ondo) (FORMON) is a tokenized equity product issued by Ondo Finance that provides tokenholders with economic exposure similar to holding FormFactor Inc. common stock (ticker: FORM) while reinvesting any dividends. Built on Ethereum as an ERC-20 token, FORMON is also available on Solana and BNB Chain through Ondo Finance. The token is designed for non-U.S. retail and institutional users who want instant minting and redemption of tokens providing price exposure to U.S. stocks and ETFs, 24 hours a day, five days a week. The underlying reference asset is FormFactor Inc. common stock, and the product is part of Ondo Stocks, a platform bringing traditional public securities onchain with tokens that are freely transferable and usable in DeFi.

Supply figures vary across sources and reporting dates. CoinMarketCap lists a total supply of 6.84 FORMon and a circulating supply of 6.84004687 FORMON. LiquidityFinder reports a current supply of 6.95800084, while RevenueBot cites a circulating and total supply of 6.96 FORMON. Symlix lists a total supply of 7 FORMon, and Etherscan shows a max total supply of 0.349456310807593056 FORMon on the Ethereum contract with a circulating supply of 7.00 FORMon. The token is in an active phase of distribution and trading across multiple venues, with market cap figures reported in the range of approximately $700 to $820 across sources.

Key Specifications & Tokenomics

• Name: FormFactor Tokenized Stock (Ondo)
• Ticker / Symbol: FORMON
• Token Standard: ERC-20 (Ethereum)
• Blockchain(s): Ethereum, Solana, BNB Chain
• Underlying Reference Asset: FormFactor Inc. common stock (ticker: FORM)
• Issuer: Ondo Finance
• Ethereum Token Contract: 0x6401365aA495ca96Bcfcf9c6c47Bd4a590336b00
• BNB Chain Token Contract: 0xD678F3F86436Ee298d28A3C414c367aDFeD65337
• Solana Token Account: ZDnkXeN5awDioQjP691XFLdgZwDAv19g3fCr9KWondo
• Decimals: 18
• Contract Name: BeaconProxy
• Compiler Version: v0.8.16+commit.07a7930e
• Optimization: Enabled, Yes with 200 runs
• Category: Tokenized Stock / Real World Asset (RWA)
• CoinMarketCap ID: 40243
• CMC Ranking: #3925
• Official Product Homepage: https://app.ondo.finance/
• Issuer Homepage: https://ondo.finance/
• Twitter / X (issuer): https://twitter.com/ondofinance/

Who created FormFactor Tokenized Stock (Ondo)?

FormFactor Tokenized Stock (Ondo) is issued by Ondo Finance, described as the only issuer of tokenized FormFactor on CoinGecko. Ondo Finance is led by Founder and CEO Nathan Allman, who has spoken at industry events such as Chainlink SmartCon to discuss Ondo's tokenization solutions. At the parent-issuer level, Ondo describes its mission as designing institutional-grade platforms, assets, and infrastructure to bring financial markets onchain, framing this as building the foundation for the future of finance and the Open Economy, bridging traditional finance (TradFi) and DeFi. The company operates an asset management arm that creates and manages tokenized financial products, as well as a technology arm that develops infrastructure. Detailed public information about the specific team members behind the FORMON token itself is currently limited.

How does FormFactor Tokenized Stock (Ondo) work?

FORMON is built directly on Ethereum, described as the most battle-tested smart-contract platform with unparalleled developer tooling and liquidity. The Ethereum token contract is a BeaconProxy using a proxy pattern, with source code verified on Etherscan. The contract uses a UI Multiplier mechanism based on the UIMultiplierUpdated event, meaning displayed token amounts are scaled by the active multiplier. Ondo tokenized stocks enable non-U.S. retail and institutional users around the world to instantly mint and redeem tokens providing price exposure to U.S. stocks and ETFs, 24 hours a day, five days a week, subject to certain exceptions impacting availability. Additional restrictions apply. Ondo's broader technology stack includes Nexus, which enables issuers of tokenized US Treasuries and stablecoins to offer instant minting and redemption to their clients. Ondo's tokenized equities leverage Chainlink price feeds, allowing assets like SPYon, QQQon, and TSLAon to be used as collateral in DeFi lending. Ondo is also developing Ondo Chain, described by a partner as an innovation that has the potential to help move institutions and capital markets onchain.

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

FORMON offers several distinctive features. It provides tokenholders with economic exposure similar to holding FORM and reinvesting any dividends, without requiring direct ownership of the underlying U.S. equity. The token is freely transferable and usable in DeFi, allowing holders to swap, stake, use as collateral, and potentially trade prediction markets or perpetuals. Ondo Finance is the largest tokenized stock issuer with $955 million U.S. of onchain equities, according to Token Terminal as of Jul 16, 2026. The parent ecosystem includes Ondo Stocks, which has a current TVL of $1.08B, over 450 assets, and approximately 221,300 unique holders. Ondo's partnerships with major institutions, including Clearstream, 360X, Kinexys by J.P. Morgan, Mastercard, Ripple, and Broadridge, demonstrate growing institutional adoption of its tokenization model. The product is not available in the US, and a disclaimer notes that it is not issued, sponsored, endorsed, or affiliated with FormFactor Inc., with the company name and trademarks used solely to identify the underlying reference asset.

What is FormFactor Tokenized Stock (Ondo) used for?

FORMON can be used in several ways according to MetaMask. Holders can buy FORMon, sell FORMon by exchanging it for cash, swap FORMon by trading it on and across blockchains, use it in prediction markets, trade perpetuals with up to 50x leverage to long or short tokens, and stake it to earn passive income. The token provides price exposure to FormFactor Inc. common stock, allowing non-U.S. users to gain exposure to U.S. equities without directly accessing U.S. markets. FORMON also functions within the broader Ondo ecosystem, where tokenized equities can be used as collateral in DeFi lending through Chainlink price feeds. Conversion pairs exist between FORMON and other Ondo tokenized assets, such as 1 FORMon = 1.1729 ATKRon, 1 TASKon = 0.073450 FORMon, and 1 JBLon = 2.8502 FORMon, among others. Fiat conversion rates are also available for FORMon against multiple global currencies.

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

The Ondo ecosystem is actively expanding. Ondo Stocks, the platform hosting FORMON, currently has a TVL of $1.08B with over 450 assets and approximately 221,300 unique holders. Other Ondo products include USDY, described as the world's leading permissionless yieldcoin with a TVL of $2.24B and an APY of 3.60%, and OUSG, built for institutional investors with exposure to short-term US Treasuries, a TVL of $326.34M, and an APY of 3.44%. Ondo has formed significant partnerships, including with Clearstream and 360X in April 2026 to bring tokenized securities into regulated market infrastructure, with Kinexys by J.P. Morgan, Mastercard, and Ripple in May 2026 to complete the first cross-border, cross-bank redemption of tokenized U.S. Treasuries, and with Broadridge in April 2026 to bring voting capabilities to tokenized stocks. In June 2026, Ondo launched first 24/7 minting and redemption for tokenized stocks. In July 2026, Ondo debuted SEC-aligned tokenized stock models and DTC-backed tokenized stock representations. In August 2026, Ondo expanded perps collateral, letting traders use tokenized stocks as collateral for leveraged trades. Ondo's token jumped after the SEC introduced a new framework for regulated venues to facilitate trading of tokenized U.S. stocks.

How to mine FormFactor Tokenized Stock (Ondo)?

FORMON is not a mined cryptocurrency. It is a tokenized stock issued by Ondo Finance on Ethereum, Solana, and BNB Chain, and it cannot be obtained through traditional mining processes such as proof-of-work or proof-of-stake validation. Instead, FORMON is minted and redeemed through Ondo Finance's platform, subject to availability and restrictions. Holders can stake FORMon to earn passive income according to MetaMask, which represents the primary yield-generating mechanism associated with the token. The token can also be acquired through supported trading venues and swapped across blockchains. There is no mining algorithm, no node operation, and no block reward associated with FORMON. The token's value is derived from the underlying FormFactor Inc. common stock, and its supply is managed by the issuer rather than through decentralized mining emissions.

How to keep your FormFactor Tokenized Stock (Ondo) Coin safe?

Keeping FORMON safe requires attention to both general cryptocurrency security practices and the specific characteristics of tokenized stocks. Since FORMON is an ERC-20 token on Ethereum and also exists on Solana and BNB Chain, users should use compatible wallets that support these networks and verify contract addresses before interacting with any token. The Ethereum contract address is 0x6401365aA495ca96Bcfcf9c6c47Bd4a590336b00, the BNB Chain contract address is 0xD678F3F86436Ee298d28A3C414c367aDFeD65337, and the Solana token account is ZDnkXeN5awDioQjP691XFLdgZwDAv19g3fCr9KWondo. Etherscan notes that no contract security audit has been submitted, and the token reputation is listed as neutral, so users should exercise appropriate caution. Additional risks include the fact that Ondo Stocks is not available in the US, additional restrictions apply, and cryptocurrency prices are highly susceptible to market risk and volatility. Users should only invest in products they are familiar with and fully understand, and should store private keys securely, avoid sharing seed phrases, and use hardware wallets where possible for long-term holdings.