Tokenized $Strc Goes Live On Ondo Across Multiple Chains

@Strategy has officially launched a tokenized version of its $STRC Variable Rate Series A Perpetual Stretch Preferred Stock on @OndoFinance Global Markets, making the instrument live across @Ethereum, @BNBChain, and @Solana simultaneously.

The tokenized asset — known as STRCon — gives holders economic exposure similar to holding STRC directly, with dividends automatically reinvested. The Stretch preferred stock is structured as a perpetual instrument, paying monthly dividends at a current yield of 11.5%.

Yield Demand Driving Rapid Adoption

Tokenized versions of Strategy's preferred Stretch shares have already overtaken Tesla to become one of the fastest-growing products in the tokenized equities market. According to CoinGecko data, Circle Internet Group leads the tokenized stock category with a market cap of $155 million on Ondo, with Strategy's STRC following at $55 million and Tesla in third at $52 million.

Strategy CEO Phong Lee attributed the surge to investor demand for yield in a low-return environment, saying: "We're in a yield-starved environment right now… anything where you can get 11.5% paid monthly… is something people are interested in."

21Shares president Duncan Moir has noted that the product improves access to Strategy's STRC preferred stock, which is not widely available or easily cross-listed, while expanding distribution and liquidity.

Ondo's Multi-Chain Infrastructure

Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week, with full access to traditional exchange liquidity.

Ondo's tokenized equities are backed by securities held at U.S.-registered broker-dealers, providing a regulated foundation for on-chain settlement. The multi-chain deployment across Ethereum, BNB Chain, and Solana broadens accessibility and allows investors to interact with the asset through their preferred network.

The platform's initial rollout targets non-U.S. individual and institutional investors who face barriers accessing American equity markets. By settling on public blockchains, the structure removes traditional intermediaries and enables near-instant cross-border transfers.

The launch marks a notable step in the convergence of corporate finance and on-chain infrastructure, bringing a yield-bearing equity instrument typically reserved for institutional or domestic U.S. investors to a global audience via blockchain rails.

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Sources:
CoinMarketCap – STRCon Token Overview
Stocktwits – STRC Flips Tesla in Tokenized Growth
CoinDesk – Ondo Finance Rolls Out Tokenized U.S. Stocks and ETFs

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