What Is Alphabet Class A Tokenized Stock (Ondo) (GOOGLON) and How Does It Work?
GOOGLON is the Ondo tokenized version of Alphabet Inc. Class A shares (GOOGL), giving token holders economic exposure equivalent to holding the stock and reinvesting any dividends. This financial innovation bridges traditional equity markets with
decentralized finance (DeFi), making it possible for investors worldwide to access Alphabet stock through blockchain technology.
The tokenized equities are backed by actual shares held with U.S.-registered broker-dealers, ensuring that each token represents real underlying value. Token holders benefit from the same economic rights as traditional Alphabet shareholders, including dividend reinvestment, while enjoying blockchain advantages such as global access and faster settlement. Ondo’s tokenized stocks allow international retail and institutional users to instantly mint and redeem tokenized U.S. stocks and ETFs, operating 24 hours a day, five days a week with direct linkage to traditional exchange liquidity. This creates a compliant and borderless bridge between traditional finance and DeFi.
What Is Ondo Finance (ONDO) and How Does It Work?
Ondo Finance (ONDO) is a decentralized finance protocol specializing in
real-world asset (RWA) tokenization, bringing institutional-grade financial products on-chain. Founded in 2022 and based in the Cayman Islands, Ondo bridges traditional finance and blockchain by offering tokenized versions of U.S. Treasuries, ETFs, and stocks. These tokens are backed 1:1 by underlying assets held by regulated custodians and broker-dealers, ensuring compliance and investor protection.
By transforming traditional securities into blockchain assets, Ondo enables 24/7 trading, global accessibility, and DeFi integration, features that traditional markets cannot provide. Governance is powered by the ONDO token through the Ondo DAO, where holders vote on upgrades and initiatives. Looking ahead, the project is building Ondo Chain, a dedicated Layer-1 tailored for large-scale institutional RWA adoption.
When Was Alphabet Class A Tokenized Stock (Ondo) Launched?
GOOGLON was launched as part of Ondo Finance’s tokenized equity expansion in 2025. Key milestones include:
• February 2025: Ondo unveiled its tokenization platform to bring stocks, bonds, and funds on-chain
• June 2025: Launch of the Ondo Global Markets Alliance with more than 20 partners to set tokenized securities standards
• September 2025: GOOGLON went live on Ethereum under Ondo Global Markets
• Ongoing: Cross-chain expansion planned for BNB Chain and Solana through LayerZero integration
What Is the GOOGLON Token Utility?
The GOOGLON token provides 1:1 economic exposure to Alphabet Class A stock. Token holders mirror the price performance and dividend distributions of GOOGL shares, enabling them to participate in one of the world’s most influential tech companies through blockchain. This structure gives investors flexibility and accessibility without going through traditional brokerage channels.
On the
BingX Spot Market, users can trade GOOGLON directly by selecting the
GOOGLON/USDT pair, entering the trade amount, and confirming their order. Tokens are then stored in the user’s BingX account wallet, available for holding, trading, or transfer.
What Is Alphabet Tokenized Stock (Ondo) Tokenomics?
The tokenomics of Alphabet Class A Tokenized Stock (Ondo) (GOOGLON) are structured to track the value of Alphabet Inc. Class A shares on a 1:1 basis. Each token is fully backed by Alphabet shares, ensuring that the market capitalization remains aligned with the value of the underlying equity. Since circulating supply equals total supply, the fully diluted market cap (FDV) matches the live market cap, providing a transparent and simple valuation framework.
GOOGLON operates as an ERC-20 token on Ethereum, with its contract details publicly released by Ondo Finance for transparency. This design makes the token accessible for use across decentralized applications while remaining compliant under Ondo’s Global Markets framework. By combining direct exposure to Alphabet’s equity with blockchain-native benefits, GOOGLON delivers liquidity, transparency, and round-the-clock tradability that traditional markets cannot match.
What Blockchain Network Does GOOGLON Operate On?
GOOGLON currently operates on
Ethereum, benefiting from its security and DeFi ecosystem. Ethereum is also home to more than 100 tokenized U.S. stocks and ETFs offered by Ondo.
Expansion is planned to
BNB Chain and
Solana, supported by
LayerZero cross-chain infrastructure for cheaper transactions and greater flexibility. Ondo is also developing Ondo Chain, a Layer-1 designed for institutional RWA tokenization with permissioned validators from regulated financial institutions.
Which Wallets Support GOOGLON Tokens?
As an Ethereum-based token, GOOGLON can be stored in any Ethereum-compatible wallet, such as
MetaMask,
Trust Wallet, or hardware options like
Ledger and
Trezor. This compatibility ensures seamless integration with existing wallet infrastructure.
Is Alphabet Class A Tokenized Stock (Ondo) a Good Investment?
GOOGLON combines Alphabet’s strong fundamentals, driven by its dominance in search, cloud, and AI, with blockchain advantages like global accessibility and round-the-clock trading. Investors gain exposure to a top global tech giant while benefiting from tokenized asset flexibility.
That said, risks include evolving regulations on tokenized securities and potential smart contract vulnerabilities. GOOGLON is best suited for international investors seeking exposure to Alphabet outside traditional brokerages and crypto-native users wanting equity-like assets. Conservative investors may prefer regulated stock markets until tokenization frameworks mature.