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What is Broadcom (Ondo Tokenized) (AVGOon)?

Quick Facts

  • Token symbol: AVGOon
  • Underlying asset: Broadcom Inc. (AVGO) listed on NASDAQ
  • Issuer platform: Ondo Global Markets
  • Eligible investors: Non-US retail and institutional users
  • Blockchains: Ethereum, BNB Chain, and Solana
  • Token type: Total-return tracker, fully backed 1:1
  • Launched: September 2025

Introduction

AVGOon is a tokenized stock issued on the Ondo Global Markets platform. It gives eligible investors on-chain economic exposure to Broadcom Inc. (NASDAQ: AVGO) — one of the world's largest semiconductor and infrastructure software companies — without the need for a traditional brokerage account.

The token is a real-world asset (RWA) instrument designed to bridge traditional capital markets and decentralized finance. Every AVGOon token is fully backed by a corresponding AVGO share held in regulated custody.

History & Background

Ondo Finance launched its Global Markets tokenized-stocks platform in September 2025, with AVGOon among the first wave of assets available. The platform grew rapidly, crossing $600 million in total value locked within five months and capturing a significant share of the tokenized securities market.

In 2025, Ondo acquired Oasis Pro — an SEC-registered broker-dealer and transfer agent — strengthening the legal and operational infrastructure behind every tokenized stock it issues.

How Broadcom (Ondo Tokenized) Works

AVGOon operates on a mint-and-redeem model. When a user mints tokens, Ondo's broker-dealer partner, Alpaca — a regulated US-registered self-clearing firm — purchases the corresponding AVGO shares in the traditional market. Those shares are held in regulated custody, and a matching number of AVGOon tokens are issued to the user's on-chain wallet.

AVGOon is a total-return tracker: it reflects both price movements of AVGO shares and any dividends paid, which are automatically reinvested (net of applicable withholding taxes). Users can redeem tokens for cash or stablecoins at any time based on the value of the underlying asset.

Chainlink powers real-time price feeds, while LayerZero enables cross-chain token transfers across supported networks.

Tokenomics

The token supply of AVGOon is dynamic — it expands when users mint and contracts when users redeem. There is no fixed cap; the supply at any point reflects the total amount of AVGO shares held in custody on behalf of token holders.

Dividends from the underlying Broadcom shares are not distributed as separate payments. Instead, they are reinvested into additional shares, incrementally increasing the net asset value backing each token over time.

Circulating Supply ? 12,448 AVGOon
Reserved supply ? 0 AVGOon
Burned
0x0000000000000000000000000000000000000001
0 AVGOon
Total supply ? 12,448 AVGOon
Max supply ? -- AVGOon
Updated 4d ago

Ecosystem & Use Cases

AVGOon is designed to be DeFi-composable. Beyond simple holding, tokens can be:

  • Used as collateral in on-chain lending and borrowing protocols
  • Traded on decentralized exchanges (DEXs)
  • Integrated into structured yield products
  • Held alongside native crypto assets in a diversified on-chain portfolio

This composability allows equity exposure to become productive on-chain capital — something unavailable through traditional brokerage accounts.

Team, Governance & Community

AVGOon is issued by Ondo Global Markets (BVI) Limited, a special-purpose vehicle (SPV) operating independently from Ondo Finance Inc. The SPV structure is designed for bankruptcy remoteness, with segregated assets, books, and accounts managed by an independent board of directors.

Independent reserve verification is handled by Ankura Trust, which reviews the backing of tokenized assets on an ongoing basis. Community updates and announcements are shared via the official @ondofinance Twitter account.

Advantages

  • Full 1:1 backing: Every token is matched to a real AVGO share in regulated custody
  • Accessible globally: Non-US investors can gain equity exposure without a brokerage account
  • DeFi composability: Tokens can be used in lending, liquidity pools, and structured products
  • Total-return tracking: Dividends are automatically reinvested on behalf of holders
  • Bankruptcy-remote structure: Investor assets are legally isolated from Ondo Finance's balance sheet
  • Multi-chain availability: Tradable across Ethereum, BNB Chain, and Solana

Risks & Challenges

  • Counterparty risk: The system depends on Alpaca maintaining secure custody of underlying shares
  • No direct ownership: AVGOon provides economic exposure but not direct legal title to AVGO shares
  • Regulatory uncertainty: Tokenized securities remain a developing regulatory area globally
  • Non-US only: US persons are ineligible, limiting the addressable investor base
  • Smart contract risk: Bugs or exploits in on-chain code could affect token holders
  • Withholding taxes: Dividend reinvestment is net of applicable taxes, reducing gross returns

Long-Term Vision

AVGOon is part of Ondo Finance's broader mission to bring institutional-grade financial products on-chain and make global capital markets accessible to everyone. As tokenized securities infrastructure matures — with clearer regulatory frameworks, deeper DeFi integrations, and wider custodial networks — AVGOon represents an early example of how traditional equities can operate natively within the decentralized economy.

Frequently Asked Questions

AVGOon is a tokenized stock issued by Ondo Global Markets that provides on-chain economic exposure to Broadcom Inc. (AVGO), a major semiconductor and infrastructure software company listed on NASDAQ. It is fully backed 1:1 by real AVGO shares held in regulated custody.

AVGOon is available to non-US retail and institutional investors only. US persons are explicitly excluded from purchasing or holding the token due to regulatory restrictions.

When a user mints AVGOon, Ondo's broker-dealer partner Alpaca purchases the corresponding AVGO shares in the traditional market. When a user redeems, those shares are sold and the user receives cash or stablecoins equivalent to the current value.

AVGOon does not distribute dividends as separate payments. Instead, any dividends paid by Broadcom are automatically reinvested into additional shares (net of applicable withholding taxes), which increases the net asset value backing each token.

AVGOon is available on Ethereum, BNB Chain, and Solana. Cross-chain transfers are enabled through LayerZero infrastructure.

No. AVGOon provides economic exposure to Broadcom's stock price and dividends but does not give holders direct legal ownership of AVGO shares or standard shareholder voting rights in the underlying company.

AVGOon is issued by a special-purpose vehicle (SPV) that is legally separate from Ondo Finance Inc. Assets, books, and accounts are segregated, and an independent board oversees the SPV, creating a bankruptcy-remote structure that protects investor assets.

AVGOon tokens are DeFi-composable, meaning they can be used as collateral in lending protocols, traded on decentralized exchanges, or integrated into structured yield products alongside other crypto assets.