Bank of America Tokenized Stock (Ondo) PriceBACON

What is Bank of America Tokenized Stock (Ondo) (BACON)?

This product is not issued, sponsored, endorsed, or affiliated with Bank of America; the company name and trademarks are used solely to identify the underlying reference asset. Bank of America Tokenized Stock (Ondo) (BACON) is a tokenized real-world asset that provides tokenholders with economic exposure similar to holding Bank of America Corporation (BAC) stock while reinvesting any dividends. Issued by Ondo Global Markets under the Ondo Finance platform, BACON belongs to the tokenized equity asset class and is designed specifically for non-U.S. retail and institutional investors. The token allows 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. BACON is freely transferable and usable in DeFi applications, bridging traditional public securities with blockchain technology. The product's inception date is July 31, 2025, and it was listed on CoinMarketCap on January 8, 2026. It operates across multiple blockchain networks including Ethereum, BNB Chain, and Solana. BACON represents an early-stage tokenized stock product in the rapidly expanding real-world asset sector.

Key Specifications & Tokenomics

• Name: Bank of America Tokenized Stock (Ondo)
• Ticker / Symbol: BACon (also referenced as BACON)
• Underlying Security: Bank of America Corporation (BAC)
• Asset Class: Tokenized equity / tokenized real-world asset
• Issuer / Platform: Ondo Global Markets / Ondo Finance
• Tokenization Type: Distributed Tokenization Sponsorship Third-Party
• Blockchains / Networks: Ethereum (Native, ERC-20), BNB Chain (Native, ERC-20), Solana (Native, token-2022)
• Contract Address (BNB Chain / BEP-20): 0xd615468088b19fb9d4f03cb3ce9e33876ff3db99
• Contract Address (Ethereum / ERC-20): 0x576e9ca70e3a040c00d8139b0665a2b7b7b64844
• Contract Address (Solana / token-2022): Wk8gC6iTNp8dqd4ghkJ3h1giiUnyhykwHh7tYWjondo
• Inception Date: 07/31/2025
• Domicile: British Virgin Islands
• Regulatory Framework: U.S. Securities Act Reg. S Exemption; SEC
• Circulating Supply: 506 BACon (per CoinMarketCap registry data)
• Maximum Supply: Unlimited
• Management Fees: 0%
• Performance Fees: 0%
• Subscription Fees: 0%
• Redemption Fees: 0%
• Subscription Time: Instant
• Redemption Time: Instant
• Eligible Investors: Non-U.S. Investor
• Base Asset for Subscription: USDC
• Crypto Custodian: BitGo
• Fund Administrator: Ondo Stocks
• Traditional Broker / Transfer Agent: Alpaca Securities
• Auditor: BPM UK Audit Ltd

Who created Bank of America Tokenized Stock (Ondo)?

Bank of America Tokenized Stock (Ondo) is issued by Ondo Global Markets, the tokenization arm of Ondo Finance. Ondo Finance is the platform behind the product, responsible for the overall infrastructure and management of the tokenized stock offering. The legal identifier for the custodian is Alpaca Securities LLC (Legal Identifier 0001702580), which serves as the traditional broker and transfer agent. The crypto custodian for the token is BitGo, while BPM UK Audit Ltd acts as the auditor. Ondo Stocks functions as the fund administrator. The issuer is domiciled in the British Virgin Islands and operates under the U.S. Securities Act Regulation S exemption, making the product available exclusively to non-U.S. investors. According to Ondo Finance, Ondo Global Markets is the largest tokenized real-world asset platform, with over $7B in cumulative volume and over $500 million in total value locked.

How does Bank of America Tokenized Stock (Ondo) work?

BACON operates as a tokenized representation of Bank of America Corporation stock, giving tokenholders economic exposure similar to holding BAC shares and reinvesting dividends. The tokenization model follows a Distributed Tokenization Sponsorship Third-Party structure, where underlying securities are custodied by third-party depositary institutions under a custody agreement. Users can instantly subscribe to BACON using USDC as the base asset, and redemption is also processed instantly. The tokens are freely transferable and usable within DeFi ecosystems. BACON is available on three blockchain networks: Ethereum as an ERC-20 token, BNB Chain as an ERC-20 token, and Solana as a token-2022 asset. Ondo's tokenized assets use integrated Chainlink data oracles to provide real-time market information for price tracking. Buying and selling is available 24/5, from 8:05 pm ET Sunday through 7:59 pm ET Friday; peer-to-peer transfers of BACon are available 24/7, including weekends and holidays. The platform emphasizes that the product is not available in the United States. As of October 9, 2026, token supply was distributed across Ethereum (228.87), BNB Chain (138.68), and Solana (82.37), per RWA.xyz.

What makes Bank of America Tokenized Stock (Ondo) unique and valuable?

BACON distinguishes itself through several key features that address common barriers in traditional finance. First, it enables non-U.S. investors to gain exposure to one of America's largest financial institutions without needing direct access to U.S. brokerage accounts or traditional stock exchanges. Second, the token offers instant minting and redemption with zero management, performance, subscription, or redemption fees, making it a cost-efficient vehicle for gaining tokenized equity exposure. Third, buying and selling is available 24/5, and peer-to-peer transfers are available 24/7, providing flexibility that conventional stock markets cannot match. Fourth, BACON is freely transferable and composable within DeFi, allowing tokenholders to use their holdings in various on-chain applications. The token is backed 1:1 with the underlying BAC shares it represents, per Ondo Finance. BACon is an early-stage product; on-chain activity and holder numbers are tracked by RWA.xyz and change frequently.

What is Bank of America Tokenized Stock (Ondo) used for?

BACON serves multiple purposes within the cryptocurrency and traditional finance intersection. Its primary use case is providing economic exposure to Bank of America Corporation stock for non-U.S. investors who may face regulatory or logistical barriers to accessing U.S. equities directly. Tokenholders can mint and redeem the token instantly using USDC, making it a convenient tool for portfolio diversification. The token's transferability and DeFi compatibility allow it to be used as collateral, in liquidity pools, or in other on-chain financial applications. BACon trades primarily against USDT, for example on the BACon/USDT pair. The token also serves as a dividend-reinvestment vehicle, as holding BACON provides exposure similar to holding BAC and reinvesting dividends. Additionally, BACON functions as a bridge between traditional securities markets and blockchain ecosystems, enabling users to move between the two worlds efficiently.

How Is the Bank of America Tokenized Stock (Ondo) ecosystem developing?

The BACON ecosystem is in its early growth phase, with an inception date of July 31, 2025, and a CoinMarketCap listing on January 8, 2026. BACon is listed on platforms including Binance Web3 Wallet, BitMart, WEEX, MetaMask, and Ondo Finance. The holder base and on-chain transfer activity have been growing since launch, per RWA.xyz. The token supply is distributed across Ethereum, BNB Chain, and Solana, demonstrating multi-chain expansion. Ondo's tokenized stock lineup also includes Tesla (Ondo Tokenized), Alphabet Class A (Ondo Tokenized), and Invesco QQQ (Ondo Tokenized). Ondo Global Markets is described as the largest tokenized real-world asset platform, with over $7B in cumulative volume and over $500 million in total value locked.

How to mine Bank of America Tokenized Stock (Ondo)?

BACON cannot be mined in the traditional sense because it is a tokenized real-world asset rather than a proof-of-work or proof-of-stake cryptocurrency. Instead of mining, users acquire BACON through instant subscription using USDC as the base asset. The subscription process is instantaneous, and redemption is equally immediate. There are no management fees, performance fees, subscription fees, or redemption fees associated with acquiring or redeeming the token. Tokenholders do not participate in staking or consensus mechanisms, as BACON derives its value from the underlying Bank of America Corporation stock rather than from network validation activities. The token is backed by real securities held by third-party custodians, and its supply is determined by user subscription and redemption activity rather than mining rewards or staking incentives. This model reflects the tokenized equity nature of the asset.

How to keep your Bank of America Tokenized Stock (Ondo) safe?

Securing BACON requires attention to both blockchain security and the unique characteristics of tokenized equities. Since BACON exists on Ethereum, BNB Chain, and Solana, users should use compatible wallets that support the respective token standards, including ERC-20 and token-2022. Hardware wallets provide an additional layer of security for storing private keys offline. Users should verify contract addresses carefully before interacting with any token, using the officially documented addresses for Ethereum, BNB Chain, and Solana. Because BACON is a tokenized stock product, holders should understand that owning the token does not constitute ownership of the underlying Bank of America Corporation stock and does not convey shareholder rights. The product is available only to non-U.S. investors, and users should ensure compliance with their local regulations. Custody of the underlying securities is handled by third-party depositary institutions, while BitGo serves as the crypto custodian. Regular review of platform announcements and security best practices is recommended to protect holdings.

Risks and considerations

BACON carries risks that investors should weigh carefully. The token's price tracks the underlying BAC share value and fluctuates with the market, so holders can lose value. Regulatory treatment of tokenized equities may change, and access rules for non-U.S. investors could tighten. Technical risks include smart contract vulnerabilities, oracle failures, and blockchain network disruptions. NAV tracks the underlying BAC share value and fluctuates with the market.