iShares Gold Trust (Ondo Tokenized) (IAUon) stablecoin analytics
Answer First
What is iShares Gold Trust (Ondo Tokenized) (IAUon)?
IAUon is Ondo's tokenized iShares Gold Trust exposure, a NAV-style ETF tracker for non-U.S. investors rather than a $1 stablecoin. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-style IAU ETF tracker rather than a $1 peg. Eligible onboarded investors redeem to USDon; conversion to USDC depends on stablecoin-swapper liquidity and whitelist access.
Is IAUon safe?
Pharos does not mark IAUon as absolutely safe. Static metadata says iShares Gold Trust (Ondo Tokenized) uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Ankura Trust Company. The October 6, 2026 daily report (8pm ET), recovered from the issuer-linked archive and reviewed 2026-10-09T11:53:28Z by Sol curation campaign 2026-10-09 (W2L04Ondo), reports aggregate Ondo Stocks, USDY and USDon collateral and obligations; it does not disclose IAUon-specific IAU shares, cash weights or liabilities. The report remains reference evidence, not a dated attestation of the adapter-owned IAUon composition.; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
iShares Gold Trust (Ondo Tokenized) (IAUon) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
IAUon is Ondo Global Markets' tokenized exposure to the iShares Gold Trust, modeled as a RWA NAV asset rather than a dollar stablecoin. It is gold-linked through the underlying IAU ETF exposure, with no direct claim on allocated bullion of the kind PAXG or XAUT offer. Ondo's multi-chain issuer rails make the ETF exposure portable across Ethereum, BSC, Solana, and HyperEVM, while eligibility restrictions and issuer controls remain central to the risk profile.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Ondo Global Markets important notes and Ondo trust and transparency
- Collateral
- Ondo Global Markets tokenized ETF exposure referencing iShares Gold Trust (IAU), designed to provide economic exposure to the underlying publicly traded ETF through Ondo GM rather than direct ownership of ETF shares
- Peg Mechanism
- NAV-style IAU ETF tracker rather than a $1 peg. Eligible onboarded investors redeem to USDon; conversion to USDC depends on stablecoin-swapper liquidity and whitelist access. The documented minimum is $1, while executable limits and quote spreads are account- and asset-specific.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Independent Attestation by Ankura Trust Company. The October 6, 2026 daily report (8pm ET), recovered from the issuer-linked archive and reviewed 2026-10-09T11:53:28Z by Sol curation campaign 2026-10-09 (W2L04Ondo), reports aggregate Ondo Stocks, USDY and USDon collateral and obligations; it does not disclose IAUon-specific IAU shares, cash weights or liabilities. The report remains reference evidence, not a dated attestation of the adapter-owned IAUon composition. Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety iauon-ondo
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
IAUon quick answers
What is iShares Gold Trust (Ondo Tokenized) (IAUon)?
IAUon is Ondo's tokenized iShares Gold Trust exposure, a NAV-style ETF tracker for non-U.S. investors rather than a $1 stablecoin. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-style IAU ETF tracker rather than a $1 peg. Eligible onboarded investors redeem to USDon; conversion to USDC depends on stablecoin-swapper liquidity and whitelist access.
Is IAUon safe?
Pharos does not mark IAUon as absolutely safe. Static metadata says iShares Gold Trust (Ondo Tokenized) uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Ankura Trust Company. The October 6, 2026 daily report (8pm ET), recovered from the issuer-linked archive and reviewed 2026-10-09T11:53:28Z by Sol curation campaign 2026-10-09 (W2L04Ondo), reports aggregate Ondo Stocks, USDY and USDon collateral and obligations; it does not disclose IAUon-specific IAU shares, cash weights or liabilities. The report remains reference evidence, not a dated attestation of the adapter-owned IAUon composition.; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs IAUon?
Pharos classifies IAUon backing as Real-World Asset Backed. Collateral, per the static profile: Ondo Global Markets tokenized ETF exposure referencing iShares Gold Trust (IAU), designed to provide economic exposure to the underlying publicly traded ETF through Ondo GM rather than direct ownership of ETF shares Reserve evidence: Independent Attestation from Ankura Trust Company. The October 6, 2026 daily report (8pm ET), recovered from the issuer-linked archive and reviewed 2026-10-09T11:53:28Z by Sol curation campaign 2026-10-09 (W2L04Ondo), reports aggregate Ondo Stocks, USDY and USDon collateral and obligations; it does not disclose IAUon-specific IAU shares, cash weights or liabilities. The report remains reference evidence, not a dated attestation of the adapter-owned IAUon composition..
Can IAUon be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for IAUon, when applicable, appear in the dossier below.
