SPDR Gold Shares (Ondo Tokenized) (GLDON)
CryptoScore Pro global score : 67/100 (computed on 2026-10-30)
GLDON is the Ondo Finance tokenized representation of SPDR Gold Shares (GLD), the exchange-traded fund backed by physical gold. The token is issued on the Ethereum blockchain, where its verified contract address is 0x423d42e505e64f99b6e277eb7ed324cc5606f139, and it is classified in the CryptoScore database under Tokenized Assets, Real World Assets (RWA) and Tokenized Exchange-Traded Products. The asset targets users who want on-chain exposure to gold price movements without holding physical metal or a brokerage account in traditional markets. Its relevance lies in bridging a conventional commodity-backed fund into decentralized finance, which is the central thesis of the tokenized real-world asset segment. The contract is deployed on Ethereum, with a deployment date of 10 December 2025, and it is recorded as a verified contract. It is also a proxy contract, which means its logic can be upgraded by the administrative address controlling the proxy, a design choice that carries governance and security implications discussed below. The database lists additional contract deployments on Solana, HyperEVM and BNB Smart Chain, indicating that the same tokenized exposure is intended to…
Scores by pillar
| Technology | 69/100 |
|---|---|
| Tokenomics | 90/100 |
| Team | 40/100 |
| Adoption | 54/100 |
| Liquidity | 55/100 |
| Compliance | 75/100 |
Market data
| Price | $367.90 |
|---|---|
| Market cap | $3.68M |
| 24h volume | $1.21M |
| Market cap rank | #1954 |
| 24h change | -1.08% |
| 7d change | -0.49% |
| Blockchain | ethereum |
| Sector | Tokenized Assets |
Analysis
The asset is based on the tokenization, i.e., the digital conversion, of the SPDR Gold Shares ETF. This mechanism creates a bridge on Ethereum between physical gold and decentralized finance via a proxy contract. The token enables on-chain exposure to gold price movements without a brokerage account.