Amazon (Ondo Tokenized Stock)Price

(AMZNON)

AMZNON is a total-return tokenized representation of Amazon (AMZN) common stock. Developed as a Real-World Asset (RWA) initiative by Ondo Finance, it allows blockchain users to gain economic exposure to Amazon’s price fluctuations and dividends without requiring a traditional U.S. brokerage account. Each token represents the performance of the underlying equity in a digital format, bridging the gap between traditional finance and decentralized technology.

Yes, AMZNON is backed 1:1 by actual shares of Amazon.com, Inc. These shares are held in professional custody by U.S.-registered broker-dealers to ensure transparency and security. However, it is important to note that holding AMZNON tokens only provides economic exposure to the stock's value and dividends. It does not grant holders traditional shareholder voting rights or the ability to participate in corporate governance or annual general meetings.

AMZNON is intended for non-U.S. retail and institutional investors. Due to regulatory requirements, it is restricted from "U.S. Persons" and is not registered under the U.S. Securities Act. To mint or redeem the tokens directly through the issuer, users must undergo a strict KYC (Know Your Customer) and onboarding process. For those trading on secondary markets like LBank, the exchange's specific KYC and compliance protocols will apply to ensure a secure trading environment.

AMZNON utilizes a "total-return" model. Instead of distributing cash dividends, any dividends received (after a 30% U.S. withholding tax) are automatically reinvested into more underlying shares. This reinvestment is typically reflected in the token’s value relative to the stock or through a rebasing mechanism on supported chains. While the token aims to track the Amazon stock price 1:1, minor variations may occur due to blockchain latency or liquidity factors on different platforms.

While the traditional U.S. stock market has specific operating hours, AMZNON can be traded on crypto exchanges like LBank 24/7. This provides constant liquidity and flexibility for global investors regardless of time zones. The token is currently supported on several major blockchains, including Ethereum, BNB Chain, and Solana, allowing users to choose the network that best fits their needs regarding transaction speed and network costs.

The underlying shares are held in a "bankruptcy-remote" legal structure, meaning they are segregated from the issuer's corporate assets to protect holders in the event of company insolvency. Daily attestations verify that the on-chain supply matches the shares in custody. Additionally, users should distinguish AMZNON from ONDO; ONDO is the governance token for the Ondo DAO, whereas AMZNON is a specific product token representing Amazon stock. Holding the governance token does not provide exposure to the stock price.