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View ChartOpendoor Technologies Tokenized Stock (Ondo) (OPENON) is a tokenized real-world asset issued by Ondo Global Markets that provides on-chain economic exposure to shares of Opendoor Technologies Inc, a US residential real estate platform headquartered in San Francisco. Each OPENON token represents one fully backed share of the underlying stock, allowing non-US retail and institutional users to mint and redeem tokenized US equities and ETFs around the clock, five days a week, with access to traditional exchange liquidity. The token is an ERC-20 asset on Ethereum and BNB Chain, and also exists as a token-2022 asset on Solana. Total supply is 4,532 OPENon per CoinMarketCap registry data. NAV tracks the underlying share price and changes with the market. Inception date is 07/31/2025 per RWA.xyz, while CoinDesk lists a launch date of 2025-12-10. The token is offered under the U.S. Securities Act Reg. S exemption, which restricts eligibility to non-U.S. investors.
OPENON is issued by Ondo Global Markets (BVI) Limited, the tokenization arm of Ondo Finance. Ondo Global Markets describes itself as the largest tokenized real-world asset platform, citing over $7B in cumulative volume and over $500M in total value locked. The underlying stock is Opendoor Technologies Inc, a US company headquartered in San Francisco that facilitates residential real estate transactions through a digital platform. Opendoor Technologies was founded in March 2014 by Keith Rabois and Eric Wu. In September 2025, Kaz Nejatian, former COO of Shopify, became CEO, with co-founders Rabois and Wu returning to the board. The tokenization infrastructure relies on a set of service providers including Alpaca Securities as traditional broker, transfer agent, and custodian; BitGo as crypto custodian; Ondo Stocks as fund administrator; and BPM UK Audit Ltd as auditor.
OPENON functions as a fully backed tokenized representation of one share of Opendoor Technologies Inc. Each token tracks the price of the underlying stock directly through smart contracts, and Ondo tokens are backed 1:1 with the underlying asset. The token uses integrated Chainlink data oracles to provide real-time market information. Eligible non-US investors can mint OPENON instantly using USDC as the base asset and redeem it instantly, both at zero fees. The token is deployed across three networks: Ethereum, BNB Chain, and Solana. Supply distribution across networks (as of 10/10/2026): Ethereum 2,981.58; BNB Chain 333.30; Solana 7.61. Buying and selling is available 24 hours a day from Sunday evening through Friday evening ET, while peer-to-peer transfers are available 24/7, including weekends and holidays.
OPENON bridges traditional equity markets and decentralized finance by giving non-US users exposure to a US-listed stock without requiring direct access to US brokerage infrastructure. Many traditional real-world assets are relatively illiquid, whereas tokenized versions can be used across DeFi to lend, collateralize, and yield farm. The token offers 24/5 buying and selling with full access to traditional exchange liquidity, 24/7 peer-to-peer transfers globally, and zero management, performance, subscription, and redemption fees. Ondo has also expanded the utility of tokenized stocks by allowing traders to use them as collateral for leveraged trades without selling their equity exposure first. The product carries a clear disclaimer that it is not issued, sponsored, endorsed, or affiliated with Opendoor Technologies, and the company name and trademarks are used solely to identify the underlying reference asset.
OPENON is primarily used to gain on-chain economic exposure to Opendoor Technologies shares, similar to holding OPEN and reinvesting any dividends. It enables non-US retail and institutional users to instantly mint and redeem tokenized US stocks and ETFs. The token can be bought, sold, swapped, managed, and traded on supported platforms, and it supports DeFi composability for lending, collateralization, and yield farming. On MetaMask, OPENon can be used in prediction markets and in perpetual futures with up to 50x leverage. Available via Binance Web3 Wallet, MetaMask, the Ondo app, and Phemex. The token is referenced across multiple data and trading platforms, though it is not tradable on major exchanges.
The OPENON ecosystem is part of Ondo Global Markets, which describes itself as the largest tokenized real-world asset platform. Ondo has been expanding the utility of tokenized stocks. On September 21, 2026, Ondo Finance launched in-kind conversion, letting institutions convert underlying shares directly into tokenized stocks. The token was listed on CoinMarketCap on January 8, 2026. Related Ondo tokenized stocks in the ecosystem include Alphabet Class A, Tesla, AMD, Circle Internet Group, Li Auto Tokenized Stock, and various ETFs such as SPDR S&P 500 ETF, Invesco QQQ, and iShares Silver Trust. The token is tagged under Tokenized Assets, Solana Ecosystem, and Ondo Stocks Ecosystem. On-chain activity is limited: as of 10/10/2026, RWA.xyz reported 56 holders, 27 trailing 30-day active addresses, 40 monthly transfers, and about $1,982 in monthly transfer volume.
OPENON cannot be mined because it is not a proof-of-work cryptocurrency. Instead, it is minted and redeemed through Ondo's primary market. Eligible non-US investors can subscribe to OPENON instantly using USDC as the base asset, with zero subscription fees, and redeem instantly at zero redemption fees. The token is backed 1:1 by the underlying Opendoor Technologies share held through regulated custodians. There is no staking or mining mechanism native to the token itself, though holding OPENON may provide economic exposure similar to holding the underlying stock and reinvesting any dividends. Users seeking yield can explore DeFi composability options such as lending or collateralization on supported platforms.
Because OPENON is an ERC-20 and token-2022 asset, standard self-custody security practices apply. Store tokens in a reputable self-custody wallet that supports Ethereum, BNB Chain, or Solana, and always verify contract addresses before interacting. Keep private keys and seed phrases offline and never share them. Be aware that OPENON is restricted to non-US investors under the Reg. S exemption, and that the product is not issued, sponsored, endorsed, or affiliated with Opendoor Technologies. Trading hours for buying and selling follow a 24/5 schedule, while peer-to-peer transfers are available 24/7. For long-term holdings, consider hardware wallets and avoid interacting with unverified smart contracts or unknown DeFi protocols. Always confirm the official Ondo platform and analytics pages before minting or redeeming.
OPENON carries market risk: its value tracks the underlying Opendoor Technologies share price and can fluctuate significantly. Regulatory risk applies as well, since the token is offered under the Reg. S exemption and eligibility rules, as well as the treatment of tokenized securities, may change across jurisdictions. Technical risks include smart contract vulnerabilities, oracle or data feed failures, and the operational risks of cross-chain deployment on Ethereum, BNB Chain, and Solana. These points are presented for information only and should not be read as predictions or guarantees.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for OPENON are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Opendoor Technologies Tokenized Stock (Ondo) (OPENON) is $1.893857. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated OPENON to USD rate at the top of BTCC’s price page. In terms of market scope, Opendoor Technologies Tokenized Stock (Ondo) records a 24h trading volume of $10.164729 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $8.629728K. Its current circulating supply stands at 4.54K out of a maximum supply cap of ∞.
The price volatility of Opendoor Technologies Tokenized Stock (Ondo) (OPENON) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (4.54K) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Opendoor Technologies Tokenized Stock (Ondo) (OPENON) hit an all-time high (ATH) of $7.853432 on 2026-01-09 17:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $1.853353 on 2026-10-28 19:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading OPENON futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($10.164729), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s OPENONUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Opendoor Technologies Tokenized Stock (Ondo), simply log into your BTCC account with USDT margin available, navigate to the OPENONUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for OPENONUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1.893857), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for OPENONUSDT with zero financial risk.
Trading Opendoor Technologies Tokenized Stock (Ondo) (OPENON) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for OPENONUSDT, and review its live price ($1.893857) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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