what's Meta Platforms (Ondo Tokenized Stock)?

Meta Platforms (Ondo Tokenized Stock), ticker METAON, is a blockchain-based security token that provides tokenized exposure to shares of Meta Platforms, Inc. (NASDAQ: META), the company behind Facebook, Instagram, and WhatsApp. Issued on the Ondo platform, it enables crypto-native investors to hold and trade fractional ownership of the stock on-chain without traditional brokerage accounts. The token operates on Ondo Global Markets, where it pairs primarily with USDON for trading. It leverages blockchain for 24/7 accessibility, composability in DeFi, and potential integration with lending or yield protocols, while backed 1:1 by the underlying equity held in custody.

METAon recorded 160% growth over 30 days, per TokenTerminal data.