Micron Technology (Ondo Tokenized Stock) muon
What is Micron Technology (Ondo Tokenized Stock)?
Micron Technology (Ondo Tokenized Stock), ticker MUon/MUON, is an Ondo Stocks token giving onchain economic exposure to Nasdaq-listed Micron Technology (MU). It is a total-return tracker: performance is designed to reflect MU plus reinvested dividends net of withholding tax, rather than granting legal title to a share.
Ondo Global Markets issues the token through a bankruptcy-remote structure and backs tokens with the underlying security (plus cash in transit). MUon is ERC-20 compatible and listed on Ethereum and BNB Chain; Solana availability is part of the platform, while chain-specific addresses should be checked before transacting.
The underlying company, Micron Technology Inc (SEC CIK 0000723125), is a Nasdaq semiconductor manufacturer focused on memory and storage, including products for data centers, AI, automotive, mobile and industrial markets. MUon therefore combines Micron equity risk with tokenization, smart-contract and platform/custody risks.
What problem does Micron Technology (Ondo Tokenized Stock) solve?
Traditional US equities can be difficult for non-US investors to access directly because of brokerage onboarding, market hours, settlement and fractional-share constraints. A blockchain representation can make exposure composable and transferable in supported wallets and DeFi venues.
MUon addresses this by allowing qualified eligible non-US users to buy fractional tokens and mint/redeem through Ondo using USDon (with USDC atomically swapped where available). It does not remove equity volatility, liquidity, regulatory, tax or smart-contract risks, and holders do not receive voting or statutory shareholder information rights.
How does Micron Technology (Ondo Tokenized Stock) work?
Ondo purchases/holds the underlying MU exposure and issues MUon against it. The token is intended to track total economic return: dividends are subject to applicable withholding and net proceeds are reinvested, so token price and a one-share MU quote can diverge over time. One token is not necessarily one share.
Primary-market minting and redemption are instant and have a $1 minimum; USDon is the native settlement stablecoin and USDC can be atomically converted when swapper liquidity and whitelist conditions permit. Users pay blockchain gas, while Ondo may retain quote spread/fees.
MUon trades generally 24/5, with pauses for sessions, corporate actions or risk controls; some assets may have off-hours availability. Ethereum contract is 0x050362Ab1072Cb2Ce74d74770E22A3203Ad04ee5; BNB Chain contract is 0x8b6ACf6041A81567f012Ff6A4C6D96d5818d74bF. Confirm network and contract from Ondo's current list before sending funds.
Key facts
- Symbol: MUon (CoinGecko ticker MUON); underlying ticker: MU (Nasdaq).
- Ethereum mainnet contract: 0x050362Ab1072Cb2Ce74d74770E22A3203Ad04ee5; BNB Chain: 0x8b6ACf6041A81567f012Ff6A4C6D96d5818d74bF.
- ERC-20 token with 18 decimals; fractional purchases supported.
- Total-return tracker; dividends are reinvested net of withholding, not paid as ordinary token dividends.
- US dividend withholding for BVI issuer is generally 30%; user tax obligations vary.
- $1 minimum primary-market investment/redemption; minting is instant.
- Generally intended for eligible non-US investors; onboarding/KYC and jurisdiction restrictions apply.
- No shareholder voting or statutory information rights; exposure is economic, not direct title.
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Frequently asked questions
What is MUon?
MUon is Ondo's tokenized total-return exposure to Micron Technology stock (Nasdaq: MU). It is designed to track MU performance plus reinvested dividends net of withholding tax.
Does one MUon equal one Micron share?
Not necessarily. Ondo describes these as total-return trackers, so reinvested dividends can make token exposure diverge from one share over time.
Where can MUon be held?
The token is ERC-20 compatible and transferable on supported networks. The official token list records Ethereum and BNB Chain contracts; always verify network and address before use.
Can US residents buy MUon?
Ondo says tokenized stocks are generally available to non-US investors subject to eligibility and jurisdiction restrictions. Direct platform access requires KYC/onboarding, currently focused on institutional participants.
How are dividends and taxes handled?
Underlying dividends are withheld before reinvestment. For US-company dividends paid to the BVI issuer, Ondo documents a 30% withholding rate; local capital-gains/income reporting remains the investor's responsibility.
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