MARA Holdings (Ondo Tokenized) (MARAON) is a tokenised equity issued by Ondo Finance, representing economic exposure to Marathon Digital Holdings, Inc. common stock. Each MARAON token is backed 1:1 by a share of MARA and allows eligible users to access the stock through blockchain infrastructure.

MARAON provides on-chain exposure to Marathon Digital Holdings, a cryptocurrency mining and blockchain infrastructure company based in the United States. The token allows users to interact with traditional equities in a digital format for portfolio diversification, collateralisation, or synthetic asset strategies while maintaining a 1:1 correspondence with the underlying stock.

MARAON was created by Ondo Finance, a platform focused on bringing tokenised real-world assets to blockchain environments. Each token is backed by shares held in custody, offering regulatory-compliant, tokenised access to the equity.