OCB — Quality Rating · Commodity ETFs
IAUon Quality Rating
IAUon (Ondo Finance) scores 66/100 on OnChain Benchmark's RWA Quality Rating — rated Developing (methodology v1.6, as of Oct 5, 2026).
Latest onchain read Oct 5, 2026
Updated daily
Quality score
66
of 100 · Developing
Dimensions measured
3
of 4
Outstanding supply
$10.01M
as of Oct 5, 2026
Chains
3
with measured supply
Why IAUon scores 66
The biggest gap in IAUon's score is how its custody is verified.
The three measured dimensions, each multiplied by its weight, total 44.5 of a possible 67.5. Rescaled to 100, that is 65.93, rounded to 66.
Composite
66 / 100
| Dimension | Score |
|---|---|
Structural Trust Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. An admin can upgrade the contract without a timelock, controlled by a minimal multisig (such as 2-of-3). The top regulatory standing needs SEC registration with a PCAOB-registered auditor. Upgrade factorCustody verified independently, with public reports. | 16 / 25 |
Redemption Liquidity Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it. Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25). | 17 / 25 |
Disclosure Quality There is no independent way to check the holdings. The latest attestation is 7 days old, with 17 in the last six months. Upgrade factorIndependent confirmation of this token's own holdings, at least monthly. | 17 / 25 |
Holder Concentration Its holder base is too large or too widely distributed to measure to ground truth, so the concentration figure is not published. | — / 25 |
OCB Instrument
Outstanding supply
OCB Instrument
Rating history
Key facts
Issuer, rubric and methodology
- Issuer
- Ondo Finance
- Asset class
- Commodity ETFs
- Rubric
- RWA Quality Rating
- Methodology
- v1.6
- Last scored
- Oct 5, 2026
- What it is
- Tokenized wrapper of the iShares Gold Trust (IAU), an Ondo Global Markets commodity ETF.
Chains
Share of measured supply by chain
With measured supply
3
| Chain | Share of measured supply |
|---|---|
| Ethereum | 82.8% |
| BNB Chain | 9.1% |
| Solana | 8.2% |
Evidence
Verified facts behind the rating
A sample of the verified facts behind IAUon’s score. The full diligence trail is in the terminal.
Facts shown
3
| Dimension | Finding | Verified |
|---|---|---|
| Disclosure Quality | Contract address verified on Ethereum: 0x4f0CA3df1c2e6b943cf82E649d576ffe7B2fABCF (primary deployment) Confirmed active onchain. | Aug 5, 2026 |
| Disclosure Quality | Contract address verified on BNB Chain: 0xcb2a0f46f67dc4c58a316f1c008edef5c2311795 (BNB Chain deployment) Confirmed active onchain. | Aug 5, 2026 |
| Disclosure Quality | Contract address verified on Solana: M77ZvkZ8zW5udRbuJCbuwSwavRa7bGAZYMTwru8ondo (Solana deployment) Confirmed active onchain. | Aug 5, 2026 |
Cite this rating
Reference IAUon’s rating
Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.
OnChain Benchmark (2026). IAUon Quality Rating: 66/100 (Developing), as of Oct 5, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/iau-on
OnChain Benchmark (2026) 'IAUon Quality Rating', OnChain Benchmark, Developing, 66/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/iau-on (Accessed: Oct 5, 2026).
@misc{ocb_iau-on_2026,
author = {{OnChain Benchmark}},
title = {{IAUon Quality Rating}},
year = {2026},
note = {66/100, Developing, methodology v1.6},
url = {https://onchainbenchmark.com/instruments/iau-on}
}The interactive terminal shows every verified fact behind IAUon's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.