ONDO
Positive
FXIon reaches 59K holders as ONDO spot data shows mixed buying pressure
cryptobriefing.com reports that Ondo Finance’s FXIon token has reached 59,000 holders across Ethereum, BNB Chain, and Solana. This growth occurred despite a modest on-chain market cap of roughly $290K for the tokenized iShares China Large-Cap ETF. Each token trades around $35-$36 and is backed 1:1 by underlying ETF shares held in custody. The holder count surged more than 9,000% within its first 30 days since launching in late July 2025. Ondo Global Markets created the token to provide non-US investors with on-chain exposure to major Chinese equities. Dividends from the underlying ETF are reinvested, allowing holders to benefit from compounding. The broader Ondo ecosystem has crossed 200,000 total holders, indicating accelerating adoption of its tokenized asset platform.