ONDO Finance’s FXIon reaches 59K holders across blockchains

Ondo Finance’s tokenized version of the iShares China Large-Cap ETF, known as FXIon, has reached 59,000 holders across Ethereum, BNB Chain, and Solana. Despite this significant user base, the token maintains a modest on-chain market capitalization of approximately $290,000, resulting in an average holding value of roughly $4.90 per wallet. Launched in late July 2025, the asset provides non-US investors with on-chain exposure to Chinese equities by mirroring the performance of BlackRock’s FXI ETF. The token is backed 1:1 by underlying shares held in custody, with dividends automatically reinvested to facilitate compounding. While the individual market cap of FXIon remains small, it reflects the broader growth of the Ondo Stocks platform, which has surpassed $1 billion in total value locked. The ecosystem as a whole has reached 200,000 total holders, demonstrating a 20% growth rate within a single month as of mid-August 2026. This trend highlights a growing appetite among crypto-native users for tokenized traditional financial products, even when individual asset allocations remain minimal.