Owning MSFTON: Uses, Storage and Risks

MSFTON is Ondo’s tokenized version of Microsoft stock. It is designed to give you economic exposure similar to holding MSFT, with dividends reinvested after any applicable withholding taxes. It is not the same thing as holding Microsoft shares directly: the token’s terms and the way you access or redeem it matter, and additional restrictions apply.

Ondo describes its tokenized stocks as available for eligible non-U.S. retail and institutional users, with minting and redemption intended to operate 24 hours a day, five days a week. That does not guarantee that every person or location can use MSFTON. Check eligibility, redemption terms and any limits before relying on the token as a substitute for a brokerage-held share. It also does not give you the usual direct shareholder relationship simply because you hold a token.

MSFTON has been issued on Ethereum, Hyperliquid L1, BNB Chain and Solana. These are separate networks, so a token held on one chain cannot automatically be sent to an address on another. Before receiving or transferring it, confirm that your wallet and the service you are using support MSFTON on the same network.

The project facts do not specify a preferred wallet or list token contract addresses. Use a wallet that supports the selected chain, and verify the exact network and token details through Ondo’s official channels before sending funds. A familiar token name or ticker is not enough to prove that an asset is genuine. Test with a small transfer if appropriate, and never share your recovery phrase or approve an unfamiliar wallet request. Sending MSFTON to an incompatible address or network can make it difficult or impossible to recover.

As of November 8, 2026, about 17,906 MSFTON were in circulation, and the reported total supply was also about 17,906. No maximum supply is specified. The reported market capitalization was about $9.5 million, based on a price near $531.23 per token on that date. These figures can change, and a token’s quoted price may not match the price you can obtain when you trade or redeem it.

Supply figures do not tell you how easy it will be to exit a position. Check the market’s trading depth, available redemption options, applicable eligibility rules and any platform limits before committing funds. Tokenized stock markets can have different hours and liquidity from the underlying U.S. share market, even where a product offers extended access. Do not treat a displayed price or market capitalization as a guarantee of value or immediate liquidity.

Treat MSFTON as both a crypto asset and a product tied to a company’s stock. Its value can move with Microsoft shares, but the token can also trade differently from the underlying stock. You may face liquidity constraints, restrictions on who can mint or redeem, and reliance on Ondo and the systems supporting the token. The project’s description does not establish that you have direct ownership of Microsoft shares or the same rights as a shareholder.

There are also ordinary crypto risks: sending tokens to the wrong chain or address, losing access to your wallet, or interacting with a fraudulent token or unsafe contract. Network disruption or a problem with the product’s operational arrangements could affect transfers or redemption. Before using MSFTON, read the current terms and confirm what rights, fees, restrictions and redemption procedures apply to you. Do not invest money you cannot afford to lose.

Choose a wallet that supports the chain where your MSFTON is held. Keep your recovery phrase offline and private, and use a hardware wallet if you want an additional layer of protection and can manage it safely. A hardware wallet cannot protect you from choosing the wrong network, approving a malicious transaction or losing the recovery phrase.

Before transferring, check the receiving address, network and token identity independently. Avoid links or messages promising special access, guaranteed returns or a shortcut to redemption. For larger holdings, consider whether you understand both the wallet recovery process and the token’s redemption conditions. If a service holds MSFTON for you, review its custody and withdrawal terms; access may depend on that service as well as on the token itself. Keep records of your transactions and never give anyone your seed phrase or private keys.