FXIon Hits 59,000 Holders as Ondo Finance Surges
Ondo Finance's FXIon token has surpassed an impressive milestone, reaching 59,000 holders across Ethereum, BNB Chain, and Solana. This rapid growth is a testament to the platform's ability to bring traditional equity exposure on-chain for non-US investors.
With a circulating supply of approximately 8,000 tokens and a market cap near $290K, FXIon trades at around $35-$36 per token. The token itself is backed 1:1 by underlying ETF shares held in custody, providing holders with exposure to major Chinese equities through BlackRock's iShares China Large-Cap ETF (ticker: FXI).
The average holder is sitting on about $4.90 worth of FXIon, according to the numbers. The token launched in late July 2025 and has seen its holder count surge more than 9,000% within its first 30 days of existence.
Ondo Stocks, the platform powering FXIon, has surpassed $1 billion in total value locked and accumulated $27 billion in cumulative trading volume. The broader Ondo ecosystem has crossed 200,000 total holders as of mid-August 2026, indicating accelerating adoption rather than a plateau.