Question 1

What is AVGOon?

Accepted Answer

AVGOon is a tokenized stock asset offered by Ondo, with Broadcom Inc. Common Stock (AVGO) as its reference asset. Its purpose is to provide economic exposure related to the value of that underlying asset in the form of an on-chain token, rather than directly registering Broadcom common stock in the token holder's name. Therefore, AVGOon should be understood as a product interest linked to the underlying asset. Holding the token does not automatically make someone a Broadcom shareholder, nor can the information about the underlying stock alone be used to infer that token holders have the same corporate rights.

Question 2

How much AVGO does one AVGOon correspond to?

Accepted Answer

Ondo's asset page shows that 1 AVGOon corresponds to economic exposure to 1.0064 shares of AVGO. This ratio is the product relationship between the token and the reference stock, used to define the quantity of the underlying asset tracked by the token. It does not mean that the token holder actually obtains 1.0064 shares of Broadcom stock, nor should this ratio be treated as an independent trading quote, guaranteed return, or commitment to direct stock delivery. The token's market price may also be affected by trading conditions and product mechanisms.

Question 3

Is holding AVGOon the same as holding Broadcom stock?

Accepted Answer

No. Ondo explains that tokenized stocks provide economic exposure related to the value of the underlying asset and the value of dividends, but do not grant holders the right to hold or acquire the underlying asset. In other words, AVGOon is designed to convey specific economic performance, rather than transfer Broadcom common stock itself. This distinction affects the assessment of rights: holding AVGOon alone cannot be used to claim ownership of the underlying stock or other direct shareholder status. Specific rights related to the token product should be determined under Ondo's applicable terms and product arrangements.

Question 4

How can AVGOon be minted, redeemed, and transferred?

Accepted Answer

In supported jurisdictions, eligible users can mint and redeem AVGOon through Ondo; minting converts eligible funds or assets into on-chain tokens under the product arrangements, while redemption exits the token exposure under the corresponding arrangements. Once tokens are held on-chain, they can be transferred permissionlessly. These three activities are not the same: on-chain transfer describes moving tokens between addresses, while minting and redemption are the product's entry and exit processes and are subject to supported-region and applicable eligibility restrictions. Being able to receive tokens does not necessarily mean being able to mint or redeem them.

Question 5

What risks and restrictions should be distinguished when holding AVGOon?

Accepted Answer

AVGOon's economic performance may change with the value and dividend value of the Broadcom common stock it references, but the two are not the same direct stockholding. Whether and how announcements, dividends, or corporate actions of the underlying company are reflected in token interests depends on the specific arrangements of the token product. In addition, minting and redemption are available only to users in supported jurisdictions; on-chain transferability does not remove regional restrictions, product risks, or market trading risks. Before use, users should confirm the product terms and eligibility that apply to them.

Broadcom Ondo Tokenized (AVGOON) Price