A structured note: a debt instrument issued by Ondo Global Markets (BVI) Limited, a bankruptcy-remote SPV in the British Virgin Islands. Tokenholder rights are governed by Swiss law under the issuer’s Sales Terms.
- BackingStated by issuerBacked 1:1 (plus a buffer) by the underlying securities held via a regulated custodial broker-dealer; a Security Agent holds a first-priority security interest.
- Voting rightsStated by issuerNo shareholder voting rights, information rights, or other shareholder rights from the issuer of the underlying securities.
- DividendsStated by issuerDividends are automatically reinvested into the referenced stock and reflected in the token price (net of withholding tax).
- RedemptionStated by issuerDirect minting and redemption require Ondo’s KYC onboarding, currently open to institutional participants only.
Offered only to persons outside the United States who are not U.S. persons under Regulation S.
Prohibited in a published list of jurisdictions (including the United States and Canada); restricted to professional or qualified investors in others, including the EEA, Switzerland, and the United Kingdom.
Reviewed Oct 16, 2026. Not legal advice.
