United States Oil Tokenized Fund (Ondo) PriceUSOON

What is United States Oil Tokenized Fund (Ondo) (USOON)?

United States Oil Tokenized Fund (Ondo) (USOON) is a blockchain-based tokenized asset issued by Ondo Global Markets, a division of Ondo Finance. It provides tokenholders with economic exposure to the United States Oil Fund, LP (NYSE Arca: USO), a traditional exchange-traded fund that tracks oil-linked value. USOON falls under the real-world asset (RWA) tokenization category, specifically classified as a Commodities asset for non-U.S. investors. The token was launched on July 31, 2025, and is domiciled in the British Virgin Islands. It enables eligible non-U.S. retail and institutional users to mint and redeem tokenized exposure to U.S. oil markets 24 hours a day, five days a week, with access to traditional exchange liquidity. USOON is deployed across multiple blockchain networks, including Ethereum (ERC-20), BNB Chain (ERC-20), Solana (token-2022), and HyperEVM (ERC-20). The token supply stands at approximately 18,722.51, with circulating supply equal to 100% of the total. USOON represents a hybrid asset that bridges traditional commodity markets and decentralized finance infrastructure.

Key Specifications & Tokenomics

• Name: United States Oil Tokenized Fund (Ondo)
• Ticker / Symbol: USOON; also written as USOon
• Alternative ticker on MEXC: OIL (USOON)
• CMC ID: 39250
• Issuer / Platform: Ondo (Ondo Finance); issued by Ondo Global Markets
• Asset Class: Commodities (RWA — real-world asset tokenization)
• Underlying Reference Asset: United States Oil Fund, LP (NYSE Arca: USO)
• Inception Date: 07/31/2025
• Domicile: British Virgin Islands
• Blockchains / Networks: Ethereum (Native, Distributed, ERC-20), BNB Chain (Native, Distributed, ERC-20), Solana (Native, Distributed, token-2022), HyperEVM (Native, Distributed, ERC-20)
• Token Supply: 18,722.51
• Circulating Supply: 18,722.51
• Total Supply: 18,371 USOon per Crypto.com; 18.36k per Yahoo Finance; 18,422.63958539 per Yahoo Finance overview
• Supply by Network: Ethereum 16,265.70; BNB Chain 2,017.44; Solana 439.37; HyperEVM 0.00
• Management Fees: 0%
• Performance Fees: 0%
• Subscription Fees: 0%
• Redemption Fees: 0%
• Eligible Investors: Non-U.S. Investor
• Base Assets: USDC
• Subscription Time: Instant
• Redemption Time: Instant
• Regulatory Framework: U.S. Securities Act Reg. S Exemption; SEC - U.S. Securities and Exchange Commission
• Custodian Legal Identifier: Alpaca Securities LLC, 0001702580
• Crypto Custodian: BitGo
• Fund Administrator: Ondo Stocks
• Traditional Broker: Alpaca Securities
• Auditor: BPM UK Audit Ltd
• Transfer Agent: Alpaca Securities
• Dispute Resolution Country: British Virgin Islands

Who created United States Oil Tokenized Fund (Ondo)?

USOON is issued by Ondo Global Markets, the tokenization arm of Ondo Finance. Ondo Finance operates as the platform behind the tokenized asset, with Ondo Stocks serving as the fund administrator. The tokenization structure involves several service providers: Alpaca Securities LLC acts as the traditional broker, transfer agent, and holds the custodian legal identifier 0001702580; BitGo serves as the crypto custodian; and BPM UK Audit Ltd functions as the auditor. The issuer operates under a U.S. Securities Act Regulation S exemption, with the British Virgin Islands designated as the domicile and dispute resolution country. Detailed public information about specific founders or individual team members behind Ondo Finance is currently limited in the available references. The token is not issued, sponsored, endorsed, or affiliated with United States Oil Fund; the company name and any other trademarks are used solely to identify the underlying reference asset.

How does United States Oil Tokenized Fund (Ondo) work?

USOON operates as a distributed tokenization sponsorship third-party structure. The token provides economic exposure to the United States Oil Fund, LP (NYSE Arca: USO), meaning its value is designed to track the performance of oil-linked assets. Eligible non-U.S. investors can mint USOON by depositing USDC as the base asset, with subscription processed instantly and at a 0% fee. Redemption is also instant and free of charge, allowing tokenholders to convert USOON back to USDC. The token is deployed across four blockchain networks: Ethereum, BNB Chain, Solana, and HyperEVM, with the majority of supply on Ethereum (16,265.70 tokens), followed by BNB Chain (2,017.44), Solana (439.37), and HyperEVM (0.00). Ondo tokenized stocks enable users around the world 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 underlying fund's value is driven by West Texas Intermediate (WTI) crude oil prices, which respond to geopolitical events, OPEC+ production decisions, and global economic demand forecasts.

What makes United States Oil Tokenized Fund (Ondo) unique and valuable?

USOON combines traditional commodity market exposure with blockchain-based accessibility, creating a hybrid asset that is unique in several respects. First, it provides oil-linked economic exposure to non-U.S. investors who may otherwise face barriers accessing U.S. commodity markets. Second, the token operates with zero management, performance, subscription, and redemption fees, reducing cost friction for holders. Third, USOON is natively multi-chain, deployed on Ethereum, BNB Chain, Solana, and HyperEVM, offering flexibility in custody and transfer. Fourth, the token benefits from Ondo's claimed 60% market share in tokenized stocks, positioning it within a leading RWA tokenization ecosystem. Fifth, the SEC's approval of Nasdaq's rule change for trading tokenized securities in March 2026 paves the way for regulated institutional participation, potentially increasing demand for tokenized vehicles like USOON. The token's value proposition rests on a dual bet: short-term exposure to oil price movements and long-term participation in the structural shift toward tokenized real-world assets.

What is United States Oil Tokenized Fund (Ondo) used for?

USOON serves primarily as a vehicle for gaining economic exposure to oil-linked value through blockchain networks. Tokenholders can use USOON to track the performance of the United States Oil Fund without directly holding the traditional ETF. The token enables instant minting and redemption using USDC, making it suitable for investors seeking liquidity and accessibility. USOON can be bought, sold, and swapped on various platforms, including MetaMask, where users can also use it for prediction markets, perpetual futures with up to 50x leverage, and staking. The token is available for trading in multiple currency pairs, including USOon/USD, USOON-USD, and USOONUSD, as well as conversions to AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. USOON may also be available for swapping via onchain decentralized products. Its primary use case is providing non-U.S. investors with a tokenized, blockchain-native method to participate in oil market movements while maintaining the ability to redeem for stablecoins.

How Is the United States Oil Tokenized Fund (Ondo) ecosystem developing?

The USOON ecosystem is developing within the broader Ondo Finance platform, which has pursued partnerships to expand its tokenized asset offerings. Ondo Finance announced a partnership with global asset manager Franklin Templeton to tokenize five of its ETFs, expanding utility and demand for Ondo's tokenized assets. The SEC's approval of Nasdaq's rule change for trading tokenized securities in March 2026 represents a significant regulatory catalyst, paving the way for regulated institutional participation. Ondo holds a claimed 60% market share in tokenized stocks, positioning it as a leading platform in the RWA tokenization sector. However, the sector is becoming increasingly competitive, with major asset managers like BlackRock exploring the space. USOON's ecosystem includes related Ondo tokenized assets such as JPMon, CSCOon, PANWon, CVXon, IJHon, PGon, IRENon, BABAon, ASMLon, IBMon, PLTRon, and PBRon, as well as other tokenized assets like SLVON-USD, GSON-USD, IVVON-USD, AAPLON-USD, and SNDKON-USD. The token has 1,739 holders, with 650 active addresses and 13,648 transfers representing $9,812,493 in transfer volume on a monthly basis.

How to mine United States Oil Tokenized Fund (Ondo)?

USOON is not a mineable cryptocurrency. It is a tokenized asset issued by Ondo Global Markets that provides economic exposure to the United States Oil Fund. There is no mining mechanism, proof-of-work consensus, or staking reward program associated with USOON. Instead of mining, eligible non-U.S. investors can acquire USOON through the primary market by minting tokens using USDC as the base asset, with instant subscription and 0% subscription fees. Redemption is also instant and free, allowing tokenholders to convert back to USDC. The token can also be bought, sold, and swapped on secondary markets, including platforms like MetaMask, where staking functionality is listed among available features. However, the references do not specify staking rewards, annual percentage yields, or validator mechanisms for USOON. The token's supply is fixed at approximately 18,722.51, with circulating supply equal to 100% of the total, and no max supply is shown on Yahoo Finance.

How to keep your United States Oil Tokenized Fund (Ondo) Coin safe?

Keeping USOON safe requires attention to both blockchain security and platform-specific risks. Since USOON is deployed on Ethereum, BNB Chain, Solana, and HyperEVM, holders should use compatible wallets that support the respective token standards, including ERC-20 and token-2022. For long-term storage, hardware wallets are generally recommended to reduce exposure to online threats. Because USOON involves a tokenization structure with service providers including BitGo as crypto custodian and Alpaca Securities as traditional broker and transfer agent, holders should understand the custodial arrangements and counterparty risks involved. Platform-specific risks, such as smart contract vulnerabilities, remain a bearish threat. The RWA tokenization sector is becoming competitive, and increased competition could pressure Ondo's market share. Regulatory considerations also apply: USOON is offered only to non-U.S. investors under a U.S. Securities Act Regulation S exemption, with the British Virgin Islands as the domicile and dispute resolution country. Holders should stay informed about the SEC's evolving stance on tokenized securities and any changes to Ondo's platform policies. As with any commodity-linked asset, USOON imports the high volatility of oil markets, so appropriate risk management is essential.