Cryptocurrency exchange Phemex listed a tokenized version of MicroStrategy stock. Spot trading commenced at 10:00 UTC on January 29, 2026.
The product, named MicroStrategy Ondo Tokenized (MSTRON), provides tokenholders with economic exposure similar to holding MSTR shares. It includes the reinvestment of any dividends.
This listing offers crypto market participants an alternative way to gain exposure to MicroStrategy, a company known for its significant Bitcoin holdings. Phemex and Ondo Finance executed the listing. This action does not represent a direct corporate action by MicroStrategy, and no significant market reaction was noted in MSTR's primary stock listing.