Ondo Finance has launched a new tokenized stock, $STRC, offering an 11.5% annual yield and monthly dividends. The asset represents Stretch (STRC), a perpetual preferred stock issued by Bitcoin holding company Strategy, and is now live on Ethereum, BNB Chain, and Solana via the Ondo Global Markets platform.
How the $STRC Tokenized Stock Works
Tokenized $STRC mirrors Strategy’s perpetual preferred stock, which targets a steady dividend stream tied to the firm’s Bitcoin‑backed business model. The token gives eligible users economic exposure to those shares while keeping settlement and transfers on‑chain, so investors can move or trade positions 24/7 instead of waiting for traditional market hours.
According to Ondo, $STRC currently yields about 11.5% per year, with dividends paid out monthly to token holders. Strategy manages the underlying share price by adjusting the dividend when STRC trades away from its $100 par value, helping keep the stock close to that level while it accumulates more Bitcoin. This structure aims to balance income, demand, and price stability in a way that suits tokenization.
Where STRC is Available On-Chain
Ondo is offering tokenized $STRC on three major blockchains at launch: Ethereum, BNB Chain, and Solana. This multichain approach follows Ondo Global Markets’ broader strategy, which already brings more than 100 tokenized U.S. stocks and ETFs to Ethereum and is expanding similar products across BNB Chain and Solana.
The Global Markets platform targets non-U.S. investors in Asia Pacific, Europe, Africa, and Latin America, while excluding users in the United States and the United Kingdom due to securities rules. Crypto infrastructure like wallets, exchanges, and DeFi protocols can integrate these assets, which may help build liquidity pools and trading pairs around tokenized securities over time.
The $STRC launch comes as tokenized real-world assets are gaining momentum, with the tokenized U.S. Treasury market alone reaching over 15 billion dollars in value in early May 2026. Ondo Finance already ranks among the largest issuers in that space through its USDY and OUSG products, and it is now extending its model deeper into tokenized equities and income‑producing stocks.
Supporters argue that products like $STRC demonstrate how yield‑bearing traditional assets can migrate to public blockchains while remaining linked to real securities held in custody.
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