{
  "url": "https://blockindex.ai/coin/ibiton",
  "name": "iShares Bitcoin Trust Tokenized Stock (Ondo)",
  "links": {
    "github": null,
    "website": "https://coinmarketcap.com/currencies/ishares-bitcoin-trust-tokenized-stock-ondo/",
    "whitepaper": null
  },
  "dScore": 46,
  "market": {
    "priceUsd": 35.61398553005422,
    "marketCapUsd": 41144783.5124974,
    "volume24hUsd": 54.56452123,
    "priceChange7dPct": -0.56589272,
    "priceChange24hPct": -1.54124911
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 1155298.48457359,
    "circulatingPct": null
  },
  "ticker": "IBITON",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:18.486225+00:00",
  "fairLaunch": false,
  "launchYear": null,
  "description": "iShares Bitcoin Trust Tokenized Stock (Ondo), shown by market venues as IBITon/IBITON, is a tokenized real-world asset that represents on-chain exposure to BlackRock's iShares Bitcoin Trust ETF through Ondo-related tokenization infrastructure. It is not the ETF itself and not a native blockchain.\\n\\nThe asset should be displayed as a tokenized stock/RWA product. It has no independent consensus mechanism, mining algorithm, block reward, validator set, or native node network. Market data providers currently report price, circulating supply, market capitalization, and low 24-hour trading volume for the tokenized asset, while deeper contract/chain metadata is not consistently exposed in the available public listing data.\\n\\nDecentralization risk is therefore mostly issuer/custody/regulatory risk: holders rely on the tokenization issuer, reserve/custody structure, compliance rules, and the host blockchain infrastructure rather than an autonomous open cryptocurrency network.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 5,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Moderately Decentralized"
}