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View ChartPalo Alto Networks Tokenized Stock (Ondo) (PANWON) is a tokenized real-world asset that provides tokenholders with economic exposure similar to holding Palo Alto Networks (PANW) stock, including the reinvestment of any dividends. Issued through Ondo Global Markets, the token is designed to give non-US retail and institutional users around the world the ability 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 reference asset is Palo Alto Networks, Inc., an American multinational cybersecurity company headquartered in Santa Clara, California, whose platform includes advanced firewalls and cloud-based security offerings. PANWON is built on Ethereum as an ERC-20 token with 18 decimal places, and it has also been deployed on BNB Chain as a BEP-20 token and on Solana as an SPL token. Its total supply is approximately 7.89K PANW.ON. Fully diluted value and the 24h volume/market-cap ratio are shown live on the price page and fluctuate with the market. According to the issuer's asset page, the product launched in July 2025; some data providers list a later start date of 2025-09-03. The product forms part of the broader Ondo tokenized equities ecosystem.
PANWON is issued through Ondo Global Markets, the platform responsible for bringing tokenized U.S. stocks and ETFs on-chain. The product is not issued, sponsored, endorsed, or affiliated with Palo Alto Networks. The company name and any other trademarks are used solely to identify the underlying reference asset. The underlying company, Palo Alto Networks, is led by Chairman and CEO Nikesh Arora. Official app: app.ondo.finance/assets/panwon; official X account: twitter.com/ondofinance.
PANWON functions as a tokenized representation of Palo Alto Networks stock. PANWON is backed 1:1 by the underlying PANW shares held in custody by regulated U.S. broker-dealers. Through Ondo Global Markets, eligible non-US retail and institutional users can 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 token tracks the price of the underlying PANW stock, and tokenholders receive economic exposure similar to holding PANW and reinvesting any dividends. The token is deployed across multiple blockchains: Ethereum as an ERC-20 token, BNB Chain as a BEP-20 token, and Solana as an SPL token. This multi-chain deployment allows holders to access the asset across different ecosystems. Minting and redemption are restricted to eligible non-US retail and institutional users; additional restrictions apply.
PANWON's primary value proposition lies in bridging traditional equity markets with blockchain technology. It enables non-US users to gain exposure to Palo Alto Networks, a major cybersecurity company, without directly accessing U.S. brokerage accounts. The token offers 24/5 minting and redemption with full access to traditional exchange liquidity, providing flexibility beyond standard market hours. Its multi-chain deployment across Ethereum, BNB Chain, and Solana enhances accessibility and composability within decentralized finance ecosystems. As part of the Ondo tokenized equities ecosystem, PANWON sits alongside other tokenized assets such as IWMon, JPMon, PLTRon, and GLDon, creating a diversified suite of real-world asset tokens. PANWON is supported by self-custody wallets such as MetaMask, Trust Wallet, and Phantom for holding and swapping; it does not itself offer staking or prediction-market functions.
PANWON is used to gain tokenized economic exposure to Palo Alto Networks stock. Tokenholders can buy, sell, and swap PANWON across supported blockchains. PANWON can be bought, sold, and swapped on supported wallets and venues; availability depends on the platform and jurisdiction. The token can also be used in conversion pairs with other Ondo tokenized assets. Conversion pairs are quoted against other Ondo tokenized assets, for example 1 PANWon equals 1.4336 IWMon, 1 PLTRon equals 0.490194 PANWon, and 1 GLDon equals 0.936872 PANWon. Additionally, PANWON is traded on various platforms with the PANWONUSDT pair, providing liquidity for traders seeking exposure to the tokenized stock.
PANWON is part of the expanding Ondo tokenized equities ecosystem, which includes a range of tokenized stocks and ETFs such as iShares Russell 2000 ETF (IWMon), JPMorgan Chase (JPMon), Palantir Technologies (PLTRon), ASML Holding NV (ASMLon), SPDR Gold Shares (GLDon), and many others. The ecosystem also includes the Ondo native token (ONDO). The multi-chain deployment of PANWON across Ethereum, BNB Chain, and Solana reflects an ongoing effort to broaden accessibility. PANWON is tracked by major market-data providers and supported by self-custody wallets, which makes it easy to verify its price and contract addresses. PANWON is covered by major market-data and wallet platforms, and its price is quoted in USD and other currencies.
PANWON is not mined through proof-of-work or similar mining mechanisms. It is a tokenized asset issued through Ondo Global Markets, meaning tokens are minted and redeemed through the platform rather than generated through mining. There is no mining process associated with this token. PANWON is backed 1:1 by the underlying PANW shares held in custody by regulated U.S. broker-dealers; it does not itself pay staking rewards. The token's value is derived from the underlying Palo Alto Networks stock rather than from mining rewards or block subsidies.
To keep PANWON safe, use reputable self-custody wallets that support ERC-20, BEP-20, and SPL tokens, such as MetaMask, Trust Wallet, or Phantom. Always verify the correct smart contract address before interacting with the token, as multiple chains have different contract addresses. Store private keys and seed phrases securely offline, and never share them with anyone. Be cautious of phishing sites and fake tokens that mimic legitimate assets. When swapping or trading PANWON, use official platform links and verified sources. Consider using hardware wallets for additional security when holding significant amounts. Since the token exists on multiple blockchains, ensure you are interacting with the correct network and contract for your intended transaction.
PANWON's value tracks the underlying PANW stock and can fall sharply; tokenized-stock products also carry custody, issuer, and regulatory risks. Prices can be volatile, and regulatory treatment of tokenized equities may change. Smart contracts and cross-chain deployments introduce technical risk, including contract bugs and bridge or network failures. The points above are informational and should not be read as guarantees of future performance.
For informational purposes only; not investment advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PANWON 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 Palo Alto Networks Tokenized Stock (Ondo) (PANWON) is $381.1. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PANWON to USD rate at the top of BTCC’s price page. In terms of market scope, Palo Alto Networks Tokenized Stock (Ondo) records a 24h trading volume of $612.78K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $3.03M. Its current circulating supply stands at 7.96K out of a maximum supply cap of ∞.
The price volatility of Palo Alto Networks Tokenized Stock (Ondo) (PANWON) 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 (7.96K) 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, Palo Alto Networks Tokenized Stock (Ondo) (PANWON) hit an all-time high (ATH) of $431.04 on 2026-10-06 14:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $139.64 on 2026-02-24 18:15. 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 PANWON 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 ($612.78K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PANWONUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Palo Alto Networks Tokenized Stock (Ondo), simply log into your BTCC account with USDT margin available, navigate to the PANWONUSDT 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 PANWONUSDT 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: $381.1), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for PANWONUSDT with zero financial risk.
Trading Palo Alto Networks Tokenized Stock (Ondo) (PANWON) 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 PANWONUSDT, and review its live price ($381.1) 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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