Owning CSCOON: Uses, Storage and Risks

CSCOON is Ondo’s tokenized version of Cisco Systems stock. It is designed to give holders economic exposure similar to holding CSCO, with dividends reinvested. That is not the same as buying Cisco shares through a brokerage: the token’s structure, issuer arrangements and applicable terms determine what rights you actually have. Do not assume that holding CSCOON gives you voting rights or direct ownership of shares.

Ondo describes its tokenized stocks as available for minting and redemption around the clock, five days a week, with access to traditional exchange liquidity. Additional restrictions apply, and eligibility may depend on where you live and your status. Before acquiring CSCOON, check whether you can use the product in your location and understand how its redemption process works. It is a way to access Cisco-linked economic exposure on supported blockchains, not a guarantee that you can trade or redeem at any time or price.

CSCOON is issued on Ethereum, Solana and BNB Chain; it is not the native token of any of them. You need a wallet that supports the specific network where your tokens are held. An Ethereum or BNB Chain wallet will not automatically show or send tokens held on Solana, and sending to the wrong network can make funds difficult or impossible to recover.

Before you receive CSCOON, confirm the network and token contract or mint address through an official Ondo channel. Do not rely on a token name or symbol alone, since unrelated tokens can use similar labels. You will also need the network’s native asset to pay transaction fees when transferring tokens. If you use a centralized exchange or other custodian instead of a personal wallet, check that it supports CSCOON withdrawals on the exact network you intend to use. Availability can differ between platforms and chains.

As of 2026-11-08, CSCOON’s reported circulating and total supply were both about 25,066 tokens. No maximum supply is published. These figures describe the token supply, not the number of Cisco shares held in reserve or the amount you can redeem; the token’s issuer and redemption terms determine how supply relates to the underlying exposure.

Check the current supply and your balance on the relevant blockchain before making a transfer, because token balances and supply can change. A token’s market price may also differ from the value you expect based on Cisco shares, especially when trading is thin or markets are moving. As of 2026-11-08, reported market capitalization was about $2.4 million and 24-hour trading volume was about $167,000. These are time-sensitive figures, not a measure of guaranteed liquidity or a promise that you can sell at a particular price.

If you hold CSCOON in a personal wallet, protect the recovery phrase or private key offline and never share it with anyone claiming to help you. Use a wallet suited to the token’s network, check the destination address and network before sending, and consider a small test transfer when moving a meaningful amount. A hardware wallet can reduce exposure to malware, but it cannot protect you from sending tokens to the wrong address or approving a malicious transaction.

Verify the token identifier before adding it to a wallet; counterfeit tokens can copy the name and ticker. Review transaction permissions and avoid signing requests you do not understand. If you keep CSCOON with a custodian, account security and the custodian’s own controls matter instead. Losing access to a wallet, making an irreversible transfer or using a compromised device can result in permanent loss.

CSCOON carries both stock-related and crypto-related risks. Its value can move with Cisco shares, but token trading may not track the share price exactly. Trading activity can be limited, so a sale may take longer or execute at a less favorable price than you expect. The token also depends on Ondo’s issuance, custody, redemption and operational arrangements; blockchain transfers alone do not remove those dependencies.

Read the current product terms to understand what rights you hold, who may mint or redeem, how redemptions work, and what restrictions apply in your jurisdiction. Ondo describes the product as available to non-U.S. retail and institutional users, but says additional restrictions apply; that does not mean every person outside the United States is eligible. Smart-contract errors, network outages, custody failures, regulatory changes and issuer problems can also affect access or value. Do not treat CSCOON as identical to ordinary brokerage-held Cisco shares.