OCB — Quality Rating · Commodity ETFs
PALLon Quality Rating
PALLon (Ondo Finance) scores 50/100 on OnChain Benchmark's RWA Quality Rating — rated Limited (methodology v1.6, as of Oct 5, 2026).
Latest onchain read Oct 5, 2026
Updated daily
Quality score
50
of 100 · Limited
Dimensions measured
4
of 4
Outstanding supply
$445.36K
as of Oct 5, 2026
Chains
3
with measured supply
Why PALLon scores 50
The biggest gap in PALLon's score is how concentrated its ownership is.
Each dimension's score is multiplied by its weight and summed: 49.70 of a possible 100, rounded to 50.
Composite
50 / 100
| Dimension | Score |
|---|---|
Holder Concentration Ownership is concentrated: the top 10 holders across Ethereum, BNB Chain and Solana own 93.5% of the free float on those chains. Upgrade factorA wider holder base, with the top 10 owning 80% or less (9 of 25). | 4 / 25 |
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 |
OCB Instrument
Outstanding supply
Rating history
No change since Sep 30, 2026
PALLon has held its 50/100 rating (Limited) with no change since Sep 30, 2026.
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 abrdn Physical Palladium Shares ETF (PALL), an Ondo Global Markets commodity ETF.
Chains
Share of measured supply by chain
With measured supply
3
| Chain | Share of measured supply |
|---|---|
| Ethereum | 75.9% |
| BNB Chain | 23.4% |
| Solana | 0.8% |
Evidence
Verified facts behind the rating
A sample of the verified facts behind PALLon’s score. The full diligence trail is in the terminal.
Facts shown
3
| Dimension | Finding | Verified |
|---|---|---|
| Disclosure Quality | Contract address verified on Ethereum: 0x0ce36d199bd6851788e03392568849394cbde722 (primary deployment) Confirmed active onchain. | Sep 13, 2026 |
| Disclosure Quality | Contract address verified on BNB Chain: 0x3fcd741646a9790635b938cdb69af5df356cbaab (BNB Chain deployment) Confirmed active onchain. | Sep 13, 2026 |
| Disclosure Quality | Contract address verified on Solana: P7hTXnKk2d2DyqWnefp5BSroE1qjjKpKxg9SxQqondo (Solana deployment) Confirmed active onchain. | Sep 13, 2026 |
Cite this rating
Reference PALLon’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). PALLon Quality Rating: 50/100 (Limited), as of Oct 5, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/pall-on
OnChain Benchmark (2026) 'PALLon Quality Rating', OnChain Benchmark, Limited, 50/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/pall-on (Accessed: Oct 5, 2026).
@misc{ocb_pall-on_2026,
author = {{OnChain Benchmark}},
title = {{PALLon Quality Rating}},
year = {2026},
note = {50/100, Limited, methodology v1.6},
url = {https://onchainbenchmark.com/instruments/pall-on}
}The interactive terminal shows every verified fact behind PALLon's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.