Circle Internet Group Tokenized Stock (Ondo) (CRCLON): D-Score 46/100 — Moderately Decentralized BlockIndex D-Score: 46/100 (Moderately Decentralized). Circle Internet Group Tokenized Stock (Ondo) (CRCLON) is a Layer 2 cryptocurrency using Other consensus. CRCLON: Ondo tokenized Circle stock exposure using Ethereum smart-contract securities infrastructure for eligible global investors. Source: https://blockindex.ai/coin/crclon · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 46: Node distribution: 0: Initial distribution: 25: Governance: 16: Age and history: 5: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Other (2025) - Founder: N/A - VC funded: No - Max supply: N/A - Circulating: 1,422,955 Market data (as of 2026-06-19) - Price: $78.76 - Market cap: $112.08M - 24h volume: $10.27M - 24h change: -2.51% · 7d change: -4.05% About Circle Internet Group Tokenized Stock (Ondo), trading under CRCLON or CRCLon, is a tokenized security product from Ondo Global Markets that references economic exposure to Circle Internet Group, Inc. It is not a native cryptocurrency network, payment chain, or general-purpose layer-1 blockchain. The product is documented in final-terms and prospectus materials as Product Nr. 1 CRCLon, with ISIN VGG7001AAD69, issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. Its purpose is to provide eligible non-U.S. users with tokenized access to an equity-like instrument representing Circle Internet Group exposure through Ondo Global Markets. Because it is a regulated tokenized stock product, its structure is defined more by issuer terms, jurisdictional limitations, redemption mechanics, and securities-law disclosures than by protocol-level decentralization. Technically, CRCLON operates as a tokenized security recorded through smart-contract infrastructure rather than as an independent blockchain. The most specific source identifies Ethereum Mainnet as the blockchain for the securities ledger and lists the Ethereum contract address 0x3632dea96a953c11dac2f00b4a05a32cd1063fae. Additional market and explorer data also show CRCLON visibility on BNB Smart Chain, Solana, and HyperEVM, with explorers such as Etherscan, BscScan, Solscan, Hyperevmscan, Blockscout, Ethplorer, Binplorer, and Arkham providing token or address visibility. The asset inherits the security and performance characteristics of its host chains and does not maintain its own mining algorithm, validators, consensus layer, block production, staking rewards, or node network. As a result, fields such as block time, block reward, total blocks, full node count, UTXO status, and chain history are not CRCLON-specific. The primary use case is tokenized access to Circle Internet Group stock exposure through Ondo's global markets infrastructure. Ondo tokenized stocks are described as enabling eligible non-U.S. users to mint and redeem tokenized U.S. stocks and ETFs during stated market-access windows, subject to restrictions. CRCLON is tracked by major market-data platforms including CoinMarketCap and CoinGecko, and CoinGecko reports coverage across multiple exchanges and markets. Confirmed venues in the supplied data include MEXC, Gate, Ondo Global Markets, Toobit, KCEX, BingX, Uniswap V4 on BSC, Uniswap V4 on Ethereum, and PancakeSwap V3 on BSC, with additional extracted exchange coverage including Binance, Kraken, Bybit, Bitget, Coinbase, KuCoin, BitMart, LBank, and Deribit. Wallet support is EVM-centric and market-data driven, with MetaMask import support specifically mentioned and other wallet names extracted from the verified wallet section. CRCLON's economics are tied to tokenized securities issuance rather than native-chain tokenomics. No mined issuance, block reward schedule, staking yield, public initial percentage, premine allocation, or fair-launch mechanism is documented in the provided summaries. The final terms mention total issue volume up to USD 500,000,000 with the issuer retaining the right to extend, while public market data reports circulating supply around 1.36 million CRCLON. CoinMarketCap reports a live price of $101.54, market capitalization of $138,869,383, 24-hour volume of $10,438,892, and circulating supply of 1,367,616 CRCLON. CoinGecko reports an all-time high of $158.37 on 2025-10-10 and an all-time low of $47.99 on 2026-02-06. These figures should be treated as market snapshots from the master summary rather than current real-time values. Governance and operations appear issuer-controlled and off-chain. The issuer is Ondo Global Markets (BVI) Limited, incorporated in the British Virgin Islands, with Matthew Taber signing the final terms as authorized representative. No CRCLON-specific DAO, token voting mechanism, community-governed treasury, open-source repository, foundation governance, or CEO was identified in the provided source data. The regulatory profile is central to the asset: the token is described as a security token issued under prospectus and final-terms documentation, not registered under the U.S. Securities Act, and not offered or sold in the United States or to U.S. persons unless registered or exempt. EEA, UK, Swiss, and other jurisdictional restrictions are also referenced. CRCLON is therefore best understood as a tokenized real-world asset product with centralized issuance and compliance constraints, rather than a decentralized public blockchain project. Links - Website: https://ondo.finance/global-markets - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore