Borrow against tokenized Alphabet

Class A, and why the share class is on the label

The contract at 0xba47214edd2bb43099611b208f75e4b42fdcfedc reads “Alphabet Class A (Ondo Tokenized)”. Alphabet has more than one listed class, and they differ in voting rights and trade at different prices, so the issuer names the one it holds.

For a borrower the class matters only in that it fixes which price the token tracks. The voting difference between classes is moot here: a tokenized share carries no vote in any class.

The second-widest ceiling on the platform

This row clears 69% of collateral value at 6% APR. Only tokenized Apple goes higher. In collateral terms that is roughly $1.45 of GOOGLon behind each dollar borrowed, where a Base token asks for five or six.

The supply is about 31,146 tokens, twice the tokenized Apple float and readable off the contract whenever you want to check it.

Antitrust headlines are a price event, not a loan event

Alphabet carries regulatory risk that arrives as a headline rather than as a quarterly number, which makes the timing of its larger moves harder to plan around than an earnings date.

A fixed term removes the need to plan around them at all. There is no liquidation threshold during the term, so a ruling that moves the stock changes the collateral’s value and leaves the obligation alone. Every loan is fixed-term with no margin-call. Miss the due date and the collateral is forfeit.

The deposit

Deposit GOOGLon, receive USDC, repay or roll on the due date. The pool is on Ethereum, so budget mainnet gas across the approval and the borrow. Ondo holds the underlying share; the token carries no direct claim on the company, and redemption runs through the issuer under its own eligibility rules.

Tokenized Apple carries the widest ceiling here, and the tokenized stocks page has the rest.