iShares MSCI Brazil Tokenized ETF (Ondo) PriceEWZON

What is iShares MSCI Brazil Tokenized ETF (Ondo) (EWZON)?

iShares MSCI Brazil Tokenized ETF (Ondo) (EWZON) is a tokenized real-world asset (RWA) that brings exposure to Brazilian equities onto the blockchain. Issued through Ondo Global Markets, EWZON represents the Ondo Tokenized version of the iShares MSCI Brazil ETF (ticker EWZ), giving tokenholders economic exposure similar to holding EWZ and reinvesting any dividends. The underlying iShares MSCI Brazil ETF seeks to track an index composed of Brazilian equities, offering a way to express a single-country view and gain targeted exposure to large and mid-sized companies in Brazil.

EWZON is built on the Solana network and is categorized under Tokenized Assets, Solana Ecosystem, Tokenized ETFs, and Real World Assets (RWA). The token enables non-US retail and institutional 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. With a total supply of approximately 1.76K EWZon and a circulating supply of roughly 1,724 EWZON coins, the asset remains in an early stage of distribution, with a market capitalization of about $67.04K and 79 holders recorded on CoinMarketCap.

Key Specifications & Tokenomics

• Name: iShares MSCI Brazil Tokenized ETF (Ondo)
• Ticker / Symbol: EWZON (also styled "EWZon")
• CoinMarketCap ID (UCID): 39782
• Category / Tags: Tokenized Assets; Solana Ecosystem; Tokenized ETFs; Real World Assets (RWA)
• Issuer / Platform: Ondo (Ondo Global Markets)
• Underlying Security: iShares MSCI Brazil ETF (ticker EWZ)
• Blockchain / Network: Solana
• Total Supply: 1.76K EWZon
• Circulating Supply: 1.76K EWZon
• Max Supply: Not available
• FDV: $67.04K
• Market Cap: $67.04K
• Holders: 79
• Official Website: https://app.ondo.finance/assets/ewzon

Who created iShares MSCI Brazil Tokenized ETF (Ondo)?

EWZON is issued by Ondo Global Markets, the platform behind Ondo Finance's tokenized asset offerings. The service providers supporting the tokenized structure include Alpaca Securities LLC as custodian and traditional broker, BitGo as crypto custodian, Ondo Stocks as fund administrator, BPM UK Audit Ltd as auditor, and Alpaca Securities as transfer agent. The issuer is domiciled in the British Virgin Islands and operates under a U.S. Securities Act Reg. S Exemption, with oversight referencing the U.S. Securities and Exchange Commission. The underlying fund, the iShares MSCI Brazil ETF, is managed by iShares, a brand of BlackRock. Detailed public information about the specific founding team behind the tokenization initiative is currently limited.

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

EWZON functions as a tokenized representation of the iShares MSCI Brazil ETF, providing tokenholders with economic exposure similar to holding EWZ and reinvesting any dividends. The tokenization model follows a Distributed Tokenization Sponsorship Third-Party structure. Users can instantly mint and redeem tokenized U.S. stocks and ETFs using USDC as the base asset for subscription, with both subscription and redemption processed instantly. The service operates 24 hours a day, five days a week, with full access to traditional exchange liquidity. The underlying iShares MSCI Brazil ETF seeks to track an index composed of Brazilian equities, with the MSCI Brazil index tracking the largest and most liquid Brazilian stocks. Additional restrictions apply to the tokenized offering, and eligible investors are classified as non-U.S. investors.

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

EWZON combines the accessibility of blockchain-based tokens with exposure to a traditional single-country equity fund. Its key differentiators include instant minting and redemption, 24/5 availability, and full access to traditional exchange liquidity, which together lower the barriers for non-US investors seeking Brazilian equity exposure. The underlying iShares MSCI Brazil ETF offers targeted access to large and mid-sized Brazilian companies, with the top 10 holdings representing 60.36% of the portfolio out of 47 holdings. Major holdings include Vale SA, Nu Holdings, Itaú Unibanco Holding SA, and Petróleo Brasileiro SA. The fund's country breakdown is 97.70% Brazil, with sector exposure led by Finance at 39.54%, Energy at 16.43%, and Non-Energy Materials at 13.85%. With zero management, performance, subscription, and redemption fees, the tokenized structure offers a cost-efficient route to Brazilian equities on-chain.

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

EWZON is primarily used to gain targeted exposure to the Brazilian stock market through a tokenized instrument. Per iShares, the underlying ETF serves three key purposes: exposure to large and mid-sized companies in Brazil, targeted access to the Brazilian stock market, and use to express a single-country view. Tokenholders can use EWZON to express a directional view on Brazilian equities, diversify a portfolio with Brazilian exposure, or gain access to a traditional ETF through blockchain rails. The token supports instant mint and redeem functionality, making it suitable for investors who require rapid entry and exit with access to traditional exchange liquidity. The underlying iShares MSCI Brazil UCITS ETF (Dist) tracks the MSCI Brazil index, which follows the largest and most liquid Brazilian stocks.

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

The EWZON ecosystem is part of Ondo's broader tokenized asset platform, which also includes related products such as EEMon, the iShares MSCI Emerging Markets ETF (Ondo Tokenized). EEMon, with an inception date of 07/31/2025, has a total asset value of $7.50M, a net asset value of $67.15, 268 holders, and a token supply of 111,715.17, with network distribution across Ethereum, Solana, and BNB Chain. This indicates an expanding multi-chain tokenized ETF infrastructure. EWZON currently trades on two active markets and is listed across multiple data platforms. The related iShares ETF family includes products such as the iShares MSCI Brazil Small-Cap ETF (EWZS), iShares MSCI Emerging Markets ETF (EEM), and iShares MSCI South Korea ETF (EWY), suggesting a growing ecosystem of tokenized country and regional equity exposures.

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

EWZON cannot be mined through traditional proof-of-work or proof-of-stake mechanisms. Instead, tokens are minted and redeemed through the Ondo platform using USDC as the base asset for subscription. Minting and redemption are processed instantly, with the service available 24 hours a day, five days a week. There are no management fees, performance fees, subscription fees, or redemption fees associated with the tokenized structure. Eligible participants are non-U.S. investors, and additional restrictions apply. The tokenization model is described as Distributed Tokenization Sponsorship Third-Party, with token standards referencing ERC-20 on Ethereum and BNB Chain, and token-2022 on Solana for related Ondo tokenized ETFs.

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

To keep EWZON tokens safe, investors should use reputable self-custody wallets that support Solana-based assets and follow standard security practices such as safeguarding private keys, enabling two-factor authentication where available, and verifying contract addresses before interacting. Because EWZON is a tokenized real-world asset issued under a U.S. Securities Act Reg. S Exemption with a domicile and dispute resolution country in the British Virgin Islands, investors should also review the regulatory and eligibility requirements, as the product is intended for non-U.S. investors and additional restrictions apply. As with all crypto-assets, investing carries significant market risk, including extreme volatility and the potential loss of entire capital, and nothing provided constitutes financial advice. Investors should independently assess their financial capacity and consult professional advisors where appropriate.