FON is an ERC‑20 token on Ethereum that represents one share of Ford Motor Company stock, fully backed by the underlying equity and issued through Ondo Finance.
Ford Motor (Ondo Tokenized) (FON) is a tokenised equity product that provides on‑chain exposure to the stock of Ford Motor Company. FON is issued through Ondo Finance’s tokenisation platform and backed 1:1 by the underlying Ford stock (ticker: F), allowing holders to gain economic exposure similar to holding the traditional shares.
FON is designed to allow eligible investors to access the performance of Ford Motor Company equity via blockchain infrastructure. The token provides on‑chain transferability and programmability while maintaining a direct economic link to the underlying stock.
FON is issued by Ondo Finance, a platform focused on bringing traditional financial assets such as equities and ETFs onchain through fully backed tokenisation. Ondo manages custody, issuance, and compliance to ensure each token corresponds directly to underlying shares.