iShares MSCI EAFE Tokenized ETF (Ondo) Price(EFAON)

EFAON is a tokenized version of the traditional iShares MSCI EAFE ETF, offering investors economic exposure equivalent to holding the original fund while automatically reinvesting dividends. The tokenisation process transforms the traditional ETF structure into a blockchain-native asset, which can be held in cryptocurrency wallets and traded on decentralised exchanges, thereby enhancing the pool of potential investors.

The underlying asset of EFAON is the iShares MSCI EAFE ETF, tracking large and mid-cap stocks across 21 developed markets. This geographic diversification allows investors to access stable international markets while offering currency diversification benefits that can help reduce overall portfolio risk. Importantly, EFAON provides continuous access to international equity markets, a key feature of the tokenized structure, enabling transfers and trades, unobstructed by traditional market hours.