---
title: "iShares Gold Trust (Ondo Tokenized) (IAUon) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/iauon-ondo/"
description: "Build-time stablecoin profile for iShares Gold Trust (Ondo Tokenized) (IAUon). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-24"
---



# iShares Gold Trust (Ondo Tokenized) (IAUon)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

IAUon is Ondo Global Markets' tokenized exposure to the iShares Gold Trust, modeled as a {{term:rwa}}RWA{{/term}} NAV asset rather than a dollar stablecoin. It is gold-linked through the underlying IAU ETF exposure, not through direct allocated bullion redemption like PAXG or XAUT. 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. The cleanest way to read IAUon is as tokenized listed-security exposure that borrows stablecoin-style settlement infrastructure.

## 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 tokenized ETF tracker rather than a $1 peg; subscriptions, redemptions, and market pricing follow the underlying IAU economic exposure through Ondo Global Markets and eligible investor flows

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| British Virgin Islands | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x4f0ca3df1c2e6b943cf82e649d576ffe7b2fabcf` | 18 |
| bsc | `0xcb2a0f46f67dc4c58a316f1c008edef5c2311795` | 18 |
| solana | `M77ZvkZ8zW5udRbuJCbuwSwavRa7bGAZYMTwru8ondo` | 9 |
| hyperevm | `0x83b01ac9e2d1632a70dd1c813c5b8edf29cd707f` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/iauon-ondo.