RTX (Ondo Tokenized)Price

(RTXON)

RTX (Ondo Tokenized)(rtxon) is a digital asset designed to represent fractional ownership of shares in RTX, formerly known as Raytheon Technologies. It functions as a security token, where each RTXon token is backed one-to-one by actual RTX shares held by a custodian. This structure aims to provide tokenholders with economic exposure akin to owning traditional RTX stock, including the reinvestment of any dividends. Ondo Finance offers these tokenized stocks to enable non-US retail and institutional users globally to mint and redeem tokenized US stocks and exchange-traded funds (ETFs) instantly. This system allows for continuous access to traditional exchange liquidity, operating 24 hours a day, five days a week. The project involves several key entities to ensure its operation. BitGo serves as the crypto custodian, responsible for holding the underlying assets. Ondo Global Markets acts as the fund administrator, overseeing the management of the funds. Alpaca Securities functions as the traditional broker, facilitating the connection to the stock market. The system undergoes auditing by BPM UK Audit Ltd. The RTXon token is supported on multiple blockchain networks, including Ethereum, BNB Chain (BEP20), and Solana. Learn more

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