Vistra (Ondo Tokenized)Price

(VSTON)

VSTON is a tokenized note that provides 1:1 economic exposure to the equity of Vistra Corp (VST), a major U.S. energy company. It is a key product within the Ondo Global Markets ecosystem, designed to bridge traditional finance with blockchain technology. Unlike synthetic assets, VSTON represents a regulated financial product backed by actual shares, allowing investors to hold traditional equity in a digital, blockchain-native format.

ONDO and VSTON serve entirely different purposes within the ecosystem. ONDO is a governance token that allows holders to participate in DAO decision-making. In contrast, VSTON is a specific investment product representing equity exposure to Vistra Corp. Holding ONDO tokens does not provide any exposure to the energy company’s stock; investors must specifically hold VSTON to gain that economic benefit.

VSTON functions as a "total return" tracker. This means that instead of receiving cash dividends directly into your digital wallet, any dividends paid out by the underlying Vistra Corp shares are automatically reinvested into the asset. This reinvestment increases the value of the VSTON token relative to the underlying stock over time, allowing holders to benefit from the total performance of the equity without manual management.

VSTON is issued under Regulation S of the U.S. Securities Act, meaning it is strictly unavailable to U.S. persons or entities. Other restricted regions include Canada, China, and sanctioned jurisdictions. Regarding compliance, users must pass a comprehensive Know Your Customer (KYC) or Know Your Business (KYB) process to interact with the product directly, ensuring the asset remains compliant with international financial regulations and legal standards.

VSTON is structured using a "bankruptcy-remote" legal entity. This means the assets backing the tokens are held separately from the provider's general corporate funds. In the event of financial trouble at the management level, these assets remain protected for the benefit of the token holders. Furthermore, the underlying shares are held by licensed U.S. broker-dealers and professional custodians to ensure institutional-grade security and transparency.

While blockchain technology operates 24/7, the minting and redemption process for VSTON follows traditional U.S. market hours, typically available 24 hours a day, five days a week. Orders placed over the weekend may remain pending until markets reopen. Additionally, while users can trade VSTON on secondary markets such as decentralized exchanges, the price may vary slightly from the official net asset value due to local liquidity conditions.