Strategy Stretch Preferred Tokenized Stock (Ondo) PriceSTRCON

What is Strategy Stretch Preferred Tokenized Stock (Ondo) (STRCON)?

Strategy Stretch Preferred Tokenized Stock (Ondo) (STRCON) is a tokenized real-world asset that provides on-chain economic exposure to Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC). Issued through Ondo Global Markets, the token is designed for non-U.S. retail and institutional users who want access to a U.S. listed preferred stock without opening a traditional brokerage account. Each token is backed 1:1 with the underlying asset and tracks its price through smart contracts supported by integrated Chainlink data oracles. The product launched on July 31, 2025, and is available natively on Ethereum, BNB Chain, and Solana. Total supply is approximately 143.37K STRCON, with a reported fully diluted valuation near $14.8 million and a live price around $103.22. The project represents an active, expanding tokenized asset within Ondo's broader RWA platform, which lists over 430 tokenized assets.

Key Specifications & Tokenomics

• Name: Strategy Stretch Preferred Tokenized Stock (Ondo)
• Ticker / Symbol: STRCon (also written STRCON)
• Token Type: Tokenized real-world asset (RWA) / tokenized stock
• Underlying Asset: Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ: STRC)
• Issuer / Platform: Ondo (Ondo Global Markets)
• Blockchain / Networks: Ethereum (native), BNB Chain (native), Solana (native)
• Token Standards: ERC-20 (Ethereum and BNB Chain), token-2022 (Solana)
• Contract Address (Ethereum): 0xecabe1ff8a9e1dc55899cf58dac8497ece5ae84c
• Inception Date: July 31, 2025
• Total Supply: 143.37K STRCON
• Circulating Supply: 143.37K STRCON
• Max Supply: Not available
• FDV: $14.8 million
• Holders: 360
• Management Fees: 0%
• Performance Fees: 0%
• Subscription Fees: 0%
• Redemption Fees: 0%
• Base Asset: USDC
• Regulatory Framework: U.S. Securities Act Reg. S Exemption
• Eligible Investors: Non-U.S. Investor
• CertiK Rating: 3.2

Who created Strategy Stretch Preferred Tokenized Stock (Ondo)?

STRCON is issued by Ondo Global Markets, the tokenization arm of the Ondo platform and described as the world's largest tokenized real-world asset platform, with over $7 billion in cumulative volume and over $500 million in total value locked. Ondo Global Markets is domiciled in the British Virgin Islands and operates under a U.S. Securities Act Reg. S Exemption, regulated by the U.S. Securities and Exchange Commission (SEC), with dispute resolution in the British Virgin Islands. The tokenization structure is a distributed tokenization sponsorship third-party model. Service providers supporting the product include Alpaca Securities LLC as custodian and traditional broker, BitGo as crypto custodian, Ondo as fund administrator, BPM UK Audit Ltd as auditor, and Alpaca Securities as transfer agent. Detailed public information about individual founders or core team members behind this specific tokenized product is currently limited.

How does Strategy Stretch Preferred Tokenized Stock (Ondo) work?

STRCON functions as a tokenized wrapper around Strategy's Stretch perpetual preferred stock. Ondo Global Markets holds the underlying STRC shares and issues tokens backed 1:1 with the real-world asset. The token price tracks the underlying asset through smart contracts, and Ondo uses integrated Chainlink data oracles to provide real-time market information. Buying and selling is generally available 24 hours a day, five days a week, from Sunday evening through Friday evening ET, while peer-to-peer transfers work 24/7, including weekends and holidays. Minting and redemption are instant, with USDC as the base asset. Dividend mechanics are notable: Ondo Global Markets faces a 30% U.S. withholding tax on dividends from the U.S. company, and net dividends are automatically reinvested into more underlying STRC shares rather than paid out in cash. Holders therefore receive total return exposure through a gradual increase in shares per token. While the underlying STRC pays a variable monthly dividend currently yielding 11.5% annualized, Ondo's platform displays an underlying asset dividend yield of 8.03% due to withholding tax rules.

What makes Strategy Stretch Preferred Tokenized Stock (Ondo) unique and valuable?

STRCON offers several features that distinguish it from traditional access to preferred stock. It allows non-U.S. investors to gain exposure to a Nasdaq-listed preferred stock without extra signups or a traditional brokerage account. The token provides 24/5 buying and selling with full access to traditional exchange liquidity, plus 24/7 peer-to-peer transferring globally. It is MetaMask native, meaning tokenized real-world assets can be traded directly on MetaMask Mobile via Swaps. Unlike the traditional real-world assets it represents, which are historically illiquid, STRCon is DeFi composable and can be used across DeFi to lend, collateralize, and yield farm. The zero management, performance, subscription, and redemption fees add to its appeal. The underlying STRC itself is backed by Strategy's Bitcoin treasury strategy and pays a variable monthly dividend currently yielding 11.5% annualized, giving tokenholders exposure to a yield-bearing instrument tied to a major corporate Bitcoin holder.

What is Strategy Stretch Preferred Tokenized Stock (Ondo) used for?

STRCON is primarily used to gain economic exposure to Strategy Stretch Preferred stock for non-U.S. investors. Holders can buy, sell, and swap the token, and use it across DeFi protocols to lend, collateralize, and yield farm. The token can be sent peer-to-peer globally at any time, making it useful for transfers outside traditional market hours. On MetaMask, users can buy, sell, swap, predict, use perps with up to 50x leverage, and stake. Trading pairs include STRCon/USD and conversions such as STRCON to USD and STRCON to ETH. Because dividends are reinvested into more underlying STRC shares, the token also serves as a total-return instrument rather than a cash-income vehicle. Its instant minting and redemption with USDC make it a flexible tool for on-chain portfolio management and RWA diversification.

How Is the Strategy Stretch Preferred Tokenized Stock (Ondo) ecosystem developing?

The ecosystem around STRCON is developing within Ondo's rapidly expanding tokenized asset platform. Ondo lists over 430 tokenized assets, and it recently opened 24/7 minting and redemption for its tokenized assets, leaving most other assets to weekday hours. The token launched on July 31, 2025, and on May 5, 2026, Ondo Finance launched tokenized STRC stock on Ethereum, BNB Chain, and Solana, giving non-U.S. investors on-chain access to the Nasdaq-listed STRC stock. Supply is distributed across Ethereum (130,335.05), BNB Chain (2,908.03), and Solana (16.95). Holders stand at 360, with 202 active addresses in the trailing 30 days and 1,039 monthly transfers. Monthly transfer volume was $1,134,704. The platform also lists popular RWAs alongside STRCon, including Alphabet Class A, Ondo U.S. Dollar Token, iShares Silver Trust, SPDR S&P 500 ETF, Circle Internet Group, and Invesco QQ. Related tokenized products include Strategy Stretch Preferred (Dinari Tokenized Stock) and iShares Core US Aggregate Bond Tokenized ETF.

How to mine Strategy Stretch Preferred Tokenized Stock (Ondo)?

STRCON is not mined. It is a tokenized real-world asset issued by Ondo Global Markets, backed 1:1 with the underlying Strategy Stretch Preferred stock. There is no proof-of-work mining or traditional staking issuance mechanism for this token. Instead, tokens are minted and redeemed instantly using USDC as the base asset, with zero subscription and redemption fees. Holders gain exposure through price tracking and through the automatic reinvestment of net dividends into additional underlying STRC shares, which gradually increases the shares per token. For users seeking yield, the token can be used in DeFi composability scenarios such as lending, collateralizing, and yield farming, but these activities depend on third-party protocols rather than the token's own issuance model. Any staking or perps activity referenced on platforms like MetaMask is a separate product feature, not a native mining process.

How to keep your Strategy Stretch Preferred Tokenized Stock (Ondo) safe?

Keeping STRCON safe requires standard crypto security practices plus awareness of its specific risks. Store tokens in a reputable self-custody wallet such as MetaMask, which supports the token natively on Ethereum, BNB Chain, and Solana. Always verify the official contract address 0xecabe1ff8a9e1dc55899cf58dac8497ece5ae84c before interacting with the token, and be cautious of fake tokens or phishing links. Because the product involves smart contracts and tokenized RWA infrastructure, smart contract risk is a consideration, and experts have noted that tokenization adds smart contract and AI-related risks. Liquidity risk is also relevant: STRC liquidity on NASDAQ is already thin, and tokenizing it may fragment the float further. The tokenized price could diverge from the STRC price over time. Additional risks include the dividend yield gap caused by the 30% U.S. withholding tax and regulatory restrictions limiting eligibility to non-U.S. investors. Always review Ondo's official documentation and disclaimers, and never share private keys or seed phrases.