SoundHound AI (Ondo Tokenized)Price

(SOUNON)

SOUNon is a tokenized stock that provides total-return economic exposure to SoundHound AI (SOUN) shares traded on the Nasdaq. Issued through a specialized global markets platform, it acts as a bridge between traditional equities and the blockchain. The "-on" suffix indicates it is a tokenized asset tracking a specific security. Unlike synthetic assets that only mimic price feeds, SOUNon is backed 1:1 by actual shares held in regulated custody.

SOUNon is a total-return tracker, meaning it reflects both price changes and reinvested dividends. Instead of receiving cash payouts, any dividends issued by SoundHound AI (net of applicable U.S. withholding taxes) are automatically used to purchase more of the underlying stock. This process increases the stock entitlement for each token. Depending on the blockchain used, this may result in an increased token balance or a price adjustment to match the total return of the stock.

Yes. SOUNon is strictly intended for non-U.S. persons located outside the United States. To mint or redeem tokens directly, users must pass a Know Your Customer (KYC) check that excludes U.S. residents and those in other restricted jurisdictions. Holding or trading these tokens as a U.S. person is generally a violation of the protocol’s terms and potentially subject to securities regulations.

The project emphasizes regulatory transparency and asset security. The underlying shares are held with licensed custodial partners, and the smart contracts have been audited by top-tier security firms like Spearbit and Cyfrin. Furthermore, investor confidence is supported by the fact that the issuer’s regulatory standing has been clarified through the conclusion of major investigations without charges, affirming the project's commitment to compliance.

While the token aims to mirror the stock, its price may diverge slightly due to its total-return structure, which includes reinvested dividends. This can eventually make the token price higher than the raw stock price on the Nasdaq. Additionally, while the token trades 24/7 on-chain, primary minting and redemption only occur during U.S. market hours. External factors like liquidity and slippage on secondary markets can also influence the on-chain price.

Eligible non-U.S. users can access the primary market through the issuer's official portal. For secondary market trading, SOUNon is available on LBank and other supported trading platforms. It is frequently used as a primitive within the decentralized finance ecosystem, such as for collateral. Users should always verify official contract addresses on Ethereum, Solana, or BNB Smart Chain to ensure they are interacting with the genuine asset.