What Is KOon? A Guide to Buying Coca-Cola Tokenized Stock on Bittime

Coca-Cola Tokenized Stock issued by Ondo Finance, also known as KOon, is a breakthrough in the world of digital assets that allows anyone to invest in Coca-Cola shares via blockchain without having to open a conventional stock account.

The token was first launched in September 2025 as part of the Ondo Global Markets platform and quickly became one of the largest tokenized stocks in the world by total value locked.

KOon is scheduled to launch on Bittime this March, giving Indonesian investors direct access to this asset using Indonesian Rupiah.

Key Takeaways

• KOon is a digital representation of The Coca-Cola Company (KO) shares on the Ethereum blockchain, where 1 KOon is equivalent to approximately 1.0102 KO shares.

• The current price of KOon is around $67 per token, reflecting the real-time market price of Coca-Cola shares on the NASDAQ and NYSE exchanges during trading hours.

• KOon is scheduled to list on Bittime in March 2025, allowing Indonesian users to invest in US stocks via blockchain without opening a conventional stock account.

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What Is Tokenized Stock and Why Is It Important?

Tokenized stockis a digital version of a company's shares issued on a blockchain network.

How it works: each token in circulation is backed by real shares held by a licensed custodian in the United States, so its value follows the price of the real shares.

This concept bridges the traditional financial world with the crypto ecosystem, allowing anyone around the world to access the US stock market without the need to deal with a conventional broker.

Ondo Finance is the company behind KOon.

Founded by Nathan Allman, formerly of Goldman Sachs' digital assets team, Ondo is building a real-world asset (RWA) tokenization infrastructure that prioritizes regulatory compliance.

By the end of 2025, the total value locked in the Ondo platform exceeded $1.8 billion, making it one of the largest players in the RWA tokenization segment.

The platform's momentum continues to grow: in January 2026, Ondo expanded its services to the Solana network, bringing over 200 tokenized US stocks and ETFs to the ecosystem.

Read also:Meta tokenized stock Price (METAX)

How Does KOon Work?

KOon runs on the Ethereum network with contract address: 0x74a03d741226f738098C35da8188E57acA50d146.

Each token is issued through a mint and redemption mechanism, meaning users can create new tokens or redeem them at any time with a minimum transaction equivalent to $1.

KOon supply is dynamic based on demand — there is no maximum limit set in advance.

The value of one KOon is designed to always be close to the price of one Coca-Cola share in the real market, with a ratio of 1 KOon = 1.0102 KO shares.

Price of KOonfollow the price movements of KO shares during US stock trading hours, namely Monday to Friday 9:30–16:00 EST.

Outside of these hours, KOon can still be transferred between wallets but the price refers to the last closing price.

KOon trading is available in four different sessions.

Regular sessions offer a single transaction limit of up to $1 million, while pre-market and post-market sessions are capped at $100,000 per transaction.

The overnight session has a minimum limit of $50 thousand per transaction.

KOon's Advantages Compared to Conventional Stock Investments

Investing in Coca-Cola shares through traditional channels requires an international brokerage account, a lengthy verification process, and significant currency conversion fees. KOon offers a more efficient alternative for non-US investors.

• 24/5 Access: KOon is tradable five days a week, including outside official trading hours, with liquidity sourced directly from NASDAQ and NYSE.

• Instant settlement: There are no T+2 settlement delays like in conventional stock markets. Tokens can change hands almost instantly on the blockchain.

• Low minimum investment: Purchases can start from the equivalent of $1, much lower than buying one KO share at an international broker.

• Full transparency: Ondo publishes daily and monthly attestation reports to prove that each outstanding KOon has real shares as collateral.

• Token holder protection: KOon is protected by a security interest in collateral and a bankruptcy remote structure, meaning the collateral assets are protected even if Ondo experiences financial problems.

Latest Developments in Ondo and KOon

Ondo's tokenized stock ecosystem is growing rapidly in early 2026. Binance, the world's largest crypto exchange by trading volume, recently partnered with Ondo Finance to list 10 tokenized US stocks and ETFs on the Binance Alpha platform.

This move expands Ondo's product reach to millions of Binance users worldwide.

On the other hand, MetaMask also integrates Ondo Global Markets, allowing users of the largest crypto wallet to access over 200 tokenized US stocks and ETFs directly from within their wallet.

These two developments confirm that KOon and similar products like Ondo are becoming increasingly accessible to global crypto users.

Please note that KOon is not available to US citizens or residents. This product is specifically intended for non-US investors outside of exempt jurisdictions, including Indonesia.

KOon Price and Market Data

KOon's current price is around $67 per token, reflecting Coca-Cola's stock price on the NYSE market.

KOon's all-time high (ATH) price was recorded at $69.28 on September 4, 2025, just days after the token was first launched.

The current circulating supply is around 40–44 thousand KOon with a market cap in the range of $2.7 million to $3.7 million — a small number considering the platform is relatively new.

Unlike most crypto tokens, whose movements are influenced by crypto market sentiment, KOon's price movements are more determined by The Coca-Cola Company's financial performance, the overall condition of the US stock market, and macroeconomic factors such as interest rates and inflation.

KO's current dividend yield is 2.5% per annum with a quarterly payment of $0.51 per share — although it's worth checking Ondo's documentation to see if KOon holders are eligible for this dividend.

How to Buy KOon on Bittime

KOon is scheduled to list on Bittime this March.

Once available, Indonesian users can directly purchase these tokens with Rupiah without the need for foreign platforms or international brokerage accounts.

How to Buy KOon on Bittime

Conclusion

To check the latest KOon price in Rupiah, visit the KOon price page on Bittime. Want a step-by-step buying guide? Follow our guide on how to buy KOon on Bittime.

You can also check the real-time conversion of KOon to Rupiah using the KOon/IDR converter on Bittime.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing in crypto assets and tokenized stocks carries risks. Always conduct your own research (DIYOR) before making any investment decisions.

FAQ

What is KOON?

KOon is a digital representation of Coca-Cola shares on the Ethereum blockchain, issued by Ondo Finance at a ratio of 1 KOon = 1.0102 KO shares.

What is the price of KOon today?

KOon's current price is around $67 per token, tracking Coca-Cola's stock price on the NYSE in real-time.

When will KOon be listed on Bittime?

KOon is scheduled to list on Bittime in March 2025. Stay tuned for official announcements on the Bittime platform.

Do KOon holders get dividends?

It is necessary to check directly in the official Ondo Finance documentation, because the dividend distribution policy for token holders is different from that of conventional shareholders.

Is KOon available for Indonesian citizens?

Yes, KOon is available to non-US investors including Indonesians, and will soon be available for direct purchase with Indonesian Rupiah on Bittime.