# Coinbase (Ondo Tokenized) (COINon) ## Instrument: [Coinbase (Ondo Tokenized) (COINon)](/stocks/instruments/coinbase-ondo) Provider: [Ondo](https://app.ondo.finance) (ID: ondo).[^20] - **Token price: 147.4 USD**. Source: [CoinGecko](https://www.coingecko.com/en/coins/coinbase-ondo-tokenized-stock); asOf: 2026-11-01T11:41:55.000Z; observedAt: 2026-11-01T11:42:25.738Z. CoinGecko aggregate USD price per provider coin unit; equivalence to raw deployment units or underlying shares is not established. Provider update time, not necessarily last trade; independent secondary trading is not established. - **Token market cap: 7342500 USD**. Source: [CoinGecko](https://www.coingecko.com/en/coins/coinbase-ondo-tokenized-stock); asOf: 2026-11-01T11:41:55.000Z; observedAt: 2026-11-01T11:42:25.738Z. CoinGecko-reported circulating market cap for this coin, not FDV or a sum of deployments; circulation is not independently audited. As-of is provider row update time, not necessarily last trade. ID: coinbase-ondo. Asset ID: coinbase. Aliases: Ondo Coinbase, Coinbase Ondo Stocks. - **Legal issuer: Ondo Global Markets (BVI) Limited**. Issuer named in the Ondo Stocks family documentation.[^1] - **Structure: Issuer-described total-return tracker**. Issuer describes backing with the underlying asset and cash in transit, and economic exposure rather than ownership of the stock; one token need not equal one share. Total-return tracking describes economics, not an established legal security classification.[^1] - **Dividend treatment: Reinvested**. Underlying dividends are reinvested into the referenced stock rather than paid in cash. Ethereum reflects changes in economic exposure per token in token pricing; supported BNB and Solana clients apply display scaling with corresponding price-per-displayed-unit adjustment, without changing raw onchain units or exposure through display adjustment. HyperEVM and Robinhood Chain accounting remains unknown. Family-documented treatment, not an observed dividend event.[^2][^3][^12][^10] - **Shareholder rights: Not a direct shareholder**. Issuer describes economic exposure without shareholder voting, statutory information or other shareholder rights.[^1] ### Ethereum deployment (eip155:1) ID: coinbase-ondo-ethereum. Instrument ID: coinbase-ondo. - **Address: 0xf042cfa86cf1d598a75bdb55c3507a1f39f9493b**. Ethereum chainId 1 address published in the issuer registry.[^4] [View address](https://etherscan.io/token/0xf042cfa86cf1d598a75bdb55c3507a1f39f9493b) - **Decimals: 18**. Published in the issuer registry. decimals() returned 18 at Ethereum block 26313083, with matching responses from PublicNode and dRPC.[^4][^7][^8] - **Balance accounting: Per-token exposure**. On Ethereum, changes in shares/economic exposure per token are reflected in per-token price, not a dividend-driven increase in token units. Distinct from xStocks adjusted balances and Ondo Solana/BNB display adjustments.[^3][^1] - **Lifecycle: Unknown**. Current support, migration and deprecation are not established from the cited sources. ### BNB Smart Chain deployment (eip155:56) ID: coinbase-ondo-bnb. Instrument ID: coinbase-ondo. - **Address: 0xf8589b526fdd65f7f301c605a6e04f0f1b4b3620**. Base deployment address published in issuer inventory; EVM hex is normalized to lowercase without a checksum claim. Non-EVM case is preserved. Network identity is mapped using research evidence and the canonical chain registry.[^17][^16][^15] [View address](https://bscscan.com/token/0xf8589b526fdd65f7f301c605a6e04f0f1b4b3620) - **Decimals: 18**. Pinned issuer token list publishes decimals=18 for this BNB deployment. Registry metadata only, not an RPC observation.[^16] - **Balance accounting: Scaled UI amount**. Supporting wallets/explorers multiply the displayed token amount by the display multiplier and adjust price per displayed unit correspondingly; raw onchain token balance and economic exposure do not change from the display adjustment. Unsupported clients show Ethereum-like per-token pricing. Not xStocks-style adjusted balanceOf; specific BNB ABI/getters not established in this review. Raw onchain integer units remain unchanged by display scaling; divide by 10^deploymentDecimals before UI scaling. Scaling changes only client presentation, with reciprocal per-displayed-unit price adjustment, not economic exposure. Avoid multiplying an already scaled UI balance twice.[^10][^11][^12] - **Lifecycle: Unknown**. Current support, migration and deprecation are not established from the cited sources; published address and decimals are not lifecycle evidence. ### HyperEVM deployment (eip155:999) ID: coinbase-ondo-hyperevm. Instrument ID: coinbase-ondo. - **Address: 0x639bcd00422facaca534063e3d860e8fcf78b46f**. Base deployment address published in issuer inventory; EVM hex is normalized to lowercase without a checksum claim. Non-EVM case is preserved. Network identity is mapped using research evidence and the canonical chain registry.[^17][^15] [View address](https://hyperevmscan.io/token/0x639bcd00422facaca534063e3d860e8fcf78b46f) - **Decimals: 18**. decimals() returned 18 at finalized block 50020140, pinned by number; block hash and timestamp retained. Scoped decimals observation only.[^18] - **Balance accounting: Unknown**. Ondo documents bridge support and publishes selected addresses; reviewed Ondo accounting text explicitly covers Ethereum, Solana and BNB, not HyperEVM. EVM compatibility and decimals()=18 do not establish display scaling, balanceOf semantics, or multiplier synchronization. No Ethereum or BNB accounting claim automatically inherited.[^13][^14][^10] - **Lifecycle: Unknown**. Current support, migration and deprecation are not established from the cited sources; published address and decimals are not lifecycle evidence. ### Solana deployment (solana:5eykt4UsFv8P8NJdTREpY1vzqKqZKvdp) ID: coinbase-ondo-solana. Instrument ID: coinbase-ondo. - **Address: 5u6KDiNJXxX4rGMfYT4BApZQC5CuDNrG6MHkwp1ondo**. Base deployment address published in issuer inventory; EVM hex is normalized to lowercase without a checksum claim. Non-EVM case is preserved. Network identity is mapped using research evidence and the canonical chain registry.[^17][^15] [View address](https://solscan.io/token/5u6KDiNJXxX4rGMfYT4BApZQC5CuDNrG6MHkwp1ondo) - **Decimals: 9**. getMultipleAccounts returned an initialized Token-2022 mint with decimals 9 at finalized context slot 463722280. Exact mainnet genesis hash was separately observed. Context slot is returned by the response, not an explicitly requested historical slot.[^19] - **Balance accounting: Scaled UI amount**. Same display-only balance/price distinction as documented for BNB; raw amount (normalized by mint decimals) is distinct from scaled UI amount. Selected mint accounts additionally show Token-2022 scaledUiAmountConfig extension. Do not apply a multiplier twice to an already adjusted UI amount. No live multiplier or holder balances retained. Raw onchain integer units remain unchanged by display scaling; divide by 10^deploymentDecimals before UI scaling. Scaling changes only client presentation, with reciprocal per-displayed-unit price adjustment, not economic exposure. Avoid multiplying an already scaled UI balance twice.[^10][^11][^12] - **Lifecycle: Unknown**. Current support, migration and deprecation are not established from the cited sources; published address and decimals are not lifecycle evidence. ## Underlying: [Coinbase (COIN)](/stocks/coinbase) ID: coinbase. Aliases: Coinbase, Coinbase stock, Coinbase Global, Inc. Class A Common Stock. - **Stock price: 143.54 USD**. Source: [Yahoo Finance](https://finance.yahoo.com/quote/COIN/); asOf: 2026-10-30T20:00:01.000Z; observedAt: 2026-11-01T11:42:23.210Z. Regular-market price in USD per underlying listed share; not after-hours or token price. - **Stock market cap: 38004142080 USD**. Source: [Yahoo Finance](https://finance.yahoo.com/quote/COIN/); asOf: unknown; observedAt: 2026-11-01T11:42:23.210Z. Yahoo-reported equity market cap; effective date unknown (not exposed). Share-class methodology is not independently confirmed; not an independent audit. - **Identity: Coinbase Global, Inc. Class A Common Stock / COIN**. Underlying stock name and ticker published on the issuer product page.[^5] - **Underlying ISIN: Conflicting sources**. Unresolved issuer discrepancy: xStocks identifies the Coinbase underlying ISIN as US19260Q1076 (the previously accepted value); the issuer-linked Ondo GM Tokens CSV COINon row lists underlying ISIN US14040H1059. Neither value is endorsed as resolved; no silent overwrite or inference from token suffix.[^6][^9][^17][^15] - **Exchange: Nasdaq Stock Market (XNAS)**. Underlying listing exchange reported by the issuer API, not the venue where the token trades.[^6] ## Evidence sources [^1]: [Overview | Ondo Stocks](https://docs.ondo.finance/ondo-stocks/overview) — checkedAt: 2026-10-31T11:16:43Z; scope: issuer-family. [^2]: [Corporate Actions | Ondo Stocks](https://docs.ondo.finance/ondo-stocks/corporate-actions) — checkedAt: 2026-10-31T11:16:10Z; scope: issuer-family. [^3]: [Token & Quote Pricing | Ondo Stocks](https://docs.ondo.finance/ondo-stocks/token-and-quote-pricing) — checkedAt: 2026-10-31T11:16:43Z; scope: issuer-family. [^4]: [Ondo Tokenized Stocks List](https://raw.githubusercontent.com/ondoprotocol/ondo-global-markets-token-list/main/tokenlist.json) — checkedAt: 2026-10-31T12:58:48.193519Z; scope: instrument. [^5]: [COINon: Coinbase (Ondo Tokenized) Tokenized Stock Price & Chart | Ondo](https://app.ondo.finance/assets/coinon) — checkedAt: 2026-10-31T13:03:59.733959Z; scope: instrument. [^6]: [Coinbase xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/COINx) — checkedAt: 2026-10-31T13:20:54.156179+00:00; scope: instrument. [^7]: [COINon decimals — PublicNode RPC](https://ethereum-rpc.publicnode.com) — checkedAt: 2026-10-31T13:56:20.013815+00:00; scope: instrument. Onchain: eip155:1; address: 0xf042cfa86cf1d598a75bdb55c3507a1f39f9493b; block 26313083 (0x4792000eca140e5f79224a5440018632b719e42a31d8dbaf9b8f25c1bda240b5); blockTimestamp: 2026-10-31T13:36:23+00:00; blockReference: hash; finality: finalized; eth_call 0x313ce567; result: 0x0000000000000000000000000000000000000000000000000000000000000012. [^8]: [COINon decimals — dRPC RPC](https://eth.drpc.org) — checkedAt: 2026-10-31T13:56:20.189030+00:00; scope: instrument. Onchain: eip155:1; address: 0xf042cfa86cf1d598a75bdb55c3507a1f39f9493b; block 26313083 (0x4792000eca140e5f79224a5440018632b719e42a31d8dbaf9b8f25c1bda240b5); blockTimestamp: 2026-10-31T13:36:23+00:00; blockReference: hash; finality: finalized; eth_call 0x313ce567; result: 0x0000000000000000000000000000000000000000000000000000000000000012. [^9]: [COINx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/COINx) — checkedAt: 2026-10-31T14:24:54.439296+00:00; scope: instrument. [^10]: [Ondo Stocks family: pricing](https://docs.ondo.finance/ondo-stocks/token-and-quote-pricing.md) — checkedAt: 2026-10-31T14:25:10.123042+00:00; scope: issuer-family. [^11]: [Ondo Stocks family: overview](https://docs.ondo.finance/ondo-stocks/overview.md) — checkedAt: 2026-10-31T14:25:10.216615+00:00; scope: issuer-family. [^12]: [Ondo Stocks family: actions](https://docs.ondo.finance/ondo-stocks/corporate-actions.md) — checkedAt: 2026-10-31T14:25:10.313754+00:00; scope: issuer-family. [^13]: [Ondo Stocks family: technical](https://docs.ondo.finance/ondo-stocks/technical.md) — checkedAt: 2026-10-31T14:25:24.923582+00:00; scope: issuer-family. [^14]: [Ondo Stocks family: bridge](https://docs.ondo.finance/tools/ondo-bridge.md) — checkedAt: 2026-10-31T14:25:25.344395+00:00; scope: issuer-family. [^15]: [Ondo Stocks family: addresses](https://docs.ondo.finance/addresses.md) — checkedAt: 2026-10-31T14:25:25.125221+00:00; scope: issuer-family. [^16]: [Ondo Stocks — published token list](https://raw.githubusercontent.com/ondoprotocol/ondo-global-markets-token-list/a857ae3573576d0b9992a2867132941de9c651b4/tokenlist.json) — checkedAt: 2026-10-31T14:25:09.797576+00:00; scope: issuer-family. [^17]: [Ondo GM Tokens CSV linked by issuer address documentation](https://www.dropbox.com/scl/fi/qjfxyg748mx0dwi6up86d/EXTERNAL-Ondo-GM-Tokens-Ondo-GM-Tokens.csv?rlkey=n3no1w78wrah3umsl0nr9s77i&e=2&st=spdit2q1&dl=1) — checkedAt: 2026-10-31T14:25:50.387147+00:00; scope: issuer-family. [^18]: [COINon decimals — HyperEVM RPC](https://rpc.hyperliquid.xyz/evm) — checkedAt: 2026-10-31T14:28:42.652467+00:00; scope: instrument. Onchain: eip155:999; address: 0x639bcd00422facaca534063e3d860e8fcf78b46f; block 50020140 (0x48a7cce260c8ea39fe3c76d420d784b4a40d320961d72ddb0808e4db85c7ccc3); blockTimestamp: 2026-10-31T14:28:41+00:00; blockReference: number; finality: finalized; eth_call 0x313ce567; result: 0x0000000000000000000000000000000000000000000000000000000000000012. [^19]: [COINon decimals — Solana RPC](https://api.mainnet-beta.solana.com) — checkedAt: 2026-10-31T14:28:45.952410+00:00; scope: instrument. Onchain: solana:5eykt4UsFv8P8NJdTREpY1vzqKqZKvdp; genesisHash: 5eykt4UsFv8P8NJdTREpY1vzqKqZKvdpKuc147dw2N9d; address: 5u6KDiNJXxX4rGMfYT4BApZQC5CuDNrG6MHkwp1ondo; contextSlot: 463722280; commitment: finalized; getMultipleAccounts; result: decimals 9, owner TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb, accountType mint, isInitialized true. [^20]: [ondo home](https://app.ondo.finance/) — checkedAt: 2026-10-31T18:52:50.301530+00:00; scope: instrument. --- [HTML](/stocks/instruments/coinbase-ondo) · [JSON](/stocks/instruments/coinbase-ondo.json) · [Methodology](/methodology.md)