iShares Russell 2000 ETF (Ondo Tokenized) (IWMON) is a tokenised version of the iShares Russell 2000 ETF, issued by Ondo Finance. The token represents fractionalised exposure to the underlying exchange-traded fund, which tracks the performance of small-cap U.S. equities.

IWMON provides on-chain access to the iShares Russell 2000 ETF, offering eligible users the ability to gain exposure to a diversified portfolio of small-cap U.S. stocks via blockchain. It can be integrated into decentralised finance applications, held in on-chain portfolios, or used for settlement and custody purposes. Each token is backed by 1.0043 shares of the underlying ETF.

IWMON was created by Ondo Finance as part of its tokenised asset product line. Ondo issues tokenised versions of real-world assets and holds the underlying securities in custody to enable compliant, on-chain access to traditional markets.