NVIDIA Tokenized Stock (Ondo) (NVDAON): D-Score 48/100 — Moderately Decentralized BlockIndex D-Score: 48/100 (Moderately Decentralized). NVIDIA Tokenized Stock (Ondo) (NVDAON) is a Layer 2 cryptocurrency using Other consensus. NVIDIA Tokenized Stock (Ondo): Ethereum-based tokenized NVIDIA equity exposure for eligible global onchain investors. Source: https://blockindex.ai/coin/nvdaon · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 48: Node distribution: 0: Initial distribution: 25: Governance: 16: Age and history: 7: 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: 242,990 Market data (as of 2026-06-19) - Price: $208.48 - Market cap: $50.66M - 24h volume: $5.04M - 24h change: +1.41% · 7d change: +1.84% About NVIDIA Tokenized Stock (Ondo), traded as NVDAON or NVDAon, is a tokenized U.S. equity product that provides blockchain-based exposure to NVIDIA Corp stock through Ondo Global Markets. It is not a standalone cryptocurrency network, does not operate its own validator set, and does not have an independent node infrastructure. The product sits within the broader Ondo Finance and Ondo Foundation tokenized securities initiative, which launched Ondo Global Markets on September 3, 2025 with more than 100 tokenized U.S. stocks and ETFs initially issued on Ethereum for eligible non-U.S. investors. Technically, NVDAON is best understood as a tokenized security and real-world asset token rather than a native blockchain. CoinMarketCap identifies an Ethereum contract for the asset, and the available launch materials describe Ethereum as the first deployment environment for Ondo tokenized stocks, with planned expansion to BNB Chain, Solana, and Ondo Chain. Because NVDAON inherits settlement and security from its host chain, fields such as mining algorithm, staking rewards, block timing, full-node count, and chain history do not apply at the asset level. Chainlink was identified in Ondo Global Markets launch coverage as the official oracle platform for trusted asset price data across Ondo tokenized stocks. The main use case is 24/7 onchain exposure to NVIDIA equity through crypto-market infrastructure. NVDAON gives qualifying non-U.S. users a tokenized representation of NVIDIA stock exposure that can be held and traded within supported digital-asset platforms. Its ecosystem relevance comes from the broader tokenized-stock market rather than from a native application layer: Binance Alpha added support for Ondo tokenized securities, including NVDAon, on February 24, 2026, while public market-data platforms such as CoinMarketCap and CoinGecko track price, supply, holder, and market information. NVDAON's economic design is tied to tokenized stock issuance and redemption mechanics rather than a fixed cryptocurrency emission schedule. Available CoinMarketCap data in the supplied summary reports a price near $214.13, market capitalization of about $57.34 million, 24-hour trading volume of about $17.09 million, and total and circulating supply of 267.79K NVDAon, implying 100% circulation of the reported supply. No premine, mining distribution, ICO, public initial allocation percentage, or block-reward model is documented for NVDAON because it is an issued tokenized equity product rather than a mined or staked blockchain asset. Governance and operations appear issuer-led rather than community-governed. The source material names Ondo Finance and the Ondo Foundation as the organizations behind Ondo Global Markets, with Ondo Finance CEO Nathan Allman referenced in coverage, but it does not describe an NVDAON-specific DAO, governance token, treasury vote, or decentralized voting process. Regulatory context is central to the asset: the product is positioned for qualifying non-U.S. investors, and Ondo asset-page language indicates the tokens are not registered under the U.S. Securities Act of 1933. The main risks are therefore issuer and platform dependency, securities-law restrictions, Ethereum network dependency, oracle dependency, and exposure to the underlying NVIDIA equity market. Links - Website: https://app.ondo.finance/assets/nvdaon - 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