what's AMD (Ondo Tokenized Stock)?

AMD (Ondo Tokenized Stock) (AMDON) is an ERC-20 token on Ethereum that provides holders with economic exposure to Advanced Micro Devices (AMD) stock, including reinvested dividends. It represents a tokenized version of the underlying equity, enabling blockchain-based access to traditional stock performance. Issued through Ondo Global Markets, AMDON allows eligible non-US retail and institutional users to mint and redeem tokens against the underlying asset nearly around the clock (24/5), with liquidity sourced from traditional exchanges. This bridges real-world assets (RWAs) to DeFi, facilitating instant settlement and composability on-chain while adhering to jurisdictional restrictions.

AMDON has 673 holders on ONDO's Global Markets platform, launched 2 months ago with $313M TVL.