Cleveland-Cliffs (Ondo Tokenized)

CLFon is a tokenized real-world asset that represents fractional ownership of Cleveland-Cliffs Inc (NASDAQ: CLF) shares. Each tokenized asset, aka Real World Asset (RWA), tracks the CLFon price directly through smart contracts. Ondo tokens are backed 1:1 with the underlying asset it represents, and you can sell them for this value.

Key features:

- Invest in RWAs from outside the US.

- No extra signups needed.

- 24/5 buying & selling: You can trade Ondo tokenized real-world assets Monday 08.00 ET through Friday 19.59 ET, 24 hours a day.

- 24/7 transferring: You can send CLFon peer-to-peer globally anytime.

- MetaMask native: You can trade tokenized real-world assets directly on MetaMask Mobile, just head to Swaps to get started.

- DeFi composability: Unlike the traditional real-world assets they represent, which are historically illiquid, tokenized real-world assets can be used across DeFi to lend, collateralize, and yield farm.

1. Open MetaMask Mobile App.

2. Tap Swap

3. Search CLFon ticker.

4. Review the transaction and tap Submit

5. You’re done!

Buying and selling is generally available 24/5, 8:05:00pm ET (New York time) Sunday evening through 7:59:00pm ET Friday evening. Peer-to-peer transfers of CLFon are available 24/7, including weekends and holidays.

Ondo tokenized assets provide economic exposure to the underlying assets similar, and uses integrated Chainlink data oracles to provide real-time market info.

In crypto, Real World Assets (RWAs) refer to the tokenized versions of real-world assets including stocks, equities, treasuries, commodities, currencies, real estate, and more. Cleveland-Cliffs (Ondo Tokenized) is a Real World Asset.

Tokenization converts real-world items of value—like stocks,  ETFs, real estate, bonds, gold, or art, into digital tokens e.g. Cleveland-Cliffs (Ondo Tokenized) on a blockchain.

Ondo Global Markets is the world’s largest tokenized real-world asset platform, with over $7B in cumulative volume, and over $500 million in total value locked (TVL)—more than any other platforms of its kind. Ondo RWAs, like CLFon, are backed 1:1 with the real-world asset that they represent. 

Head to our MetaMask Support RWA guide for additional info about accessing tokenized stocks and ETFs e.g. Cleveland-Cliffs (Ondo Tokenized) on MetaMask.