ASML Holding NV (Ondo Tokenized Stock)
ASMLON
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ASMLON is Ondo Finance's tokenized representation of ASML Holding NV shares, structured as a 1:1 collateralized structured note governed under Swiss law. The token provides onchain economic exposure with reinvested dividends, supported by daily backing attestations from Ankura Trust Company and Chainlink price feeds. The security and governance profiles are generally robust due to the established corporate backing of ASML Holding NV and Ondo's institutional custody arrangements, with no historical smart contract exploits, depegs, or regulatory enforcement actions identified. However, the asset faces notable structural constraints: there is virtually no independent token community (scoring 1.5 in Community Support), tokenholders lack voting rights, and market adoption remains microscale with only ~$3.35M–$3.46M in market value and low liquidity. Active development is maintained at the Ondo platform level rather than through token-specific releases. No qualifying red-flag events were established.
Development Activity
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Community Support
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Tokenomics
Supply, distribution, and utility
Market & Use Case
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Team & Governance
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Security & Audits
Security history and audit status
About ASML Holding NV (Ondo Tokenized Stock) (ASMLON)
ASMLON (ASML Holding NV (Ondo Tokenized Stock)) is a real-world asset (RWA) token issued by Ondo Global Markets (BVI) Limited. Deployed as an ERC-20 token on Ethereum and BNB Smart Chain, the instrument is structured as a note governed by Swiss law that provides onchain economic exposure to shares of ASML Holding N.V., including reinvested dividends. The token's supply is elastic and backed 1:1 by underlying ASML securities held with regulated custodial broker-dealers alongside a collateral buffer, utilizing daily backing attestations verified by Ankura Trust Company and price data provided by Chainlink.
The token functions within Ondo Finance's platform to provide continuous onchain equity exposure without requiring a traditional brokerage account. The product carries 0% management and 0% performance fees. While the underlying company operates under the corporate governance of ASML Holding N.V., the tokenized product is centrally administered at the issuer level by Ondo Finance without an independent token governance framework or decentralized autonomous organization.
ASMLON carries structural counterparty and regulatory constraints. Holding the token confers no legal shareholder voting rights in ASML Holding N.V., making tokenholders reliant on the issuer and its custodial intermediaries for redemption. The product enforces regulatory transfer restrictions that prohibit offering to U.S. persons. Furthermore, adoption remains microscale, with a market valuation of approximately $3.35 million to $3.46 million, limited liquidity, and no named smart-contract security audit report specifically identified for the token contract. No smart contract exploits, depegs, or regulatory enforcement proceedings have been recorded against the asset.