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About Redwire (Ondo Tokenized)
Analysis of 11 Jun 2026Redwire (Ondo Tokenized), or RDWON, is the Ondo Global Markets tokenized version of Redwire Corporation stock. CoinGecko describes RDWON as giving tokenholders economic exposure similar to holding RDW and reinvesting any dividends, while Ondo tokenized stocks are designed for eligible non-U.S. retail and institutional users who want 24/5 minting and redemption through Ondo Global Markets.
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As of June 11, 2026, CoinGecko lists RDWON on Ethereum, BNB Chain, and Solana, with a small market capitalization near $0.5M, roughly $0.19M in 24-hour volume, about 34,700 circulating tokens, and a price around $15 after falling about 46% from its May 2026 all-time high. The underlying Redwire story is high beta.
Redwire reported Q1 2026 revenue of $97.0M, up 57.9% year over year, gross margin of 26.6%, total liquidity of $175.2M, a 1.92 book-to-bill ratio, and reaffirmed full-year 2026 revenue guidance. However, the company also reported a $76.5M quarterly net loss, including more than $44M of non-recurring activity tied mainly to Edge Autonomy acquisition incentive-unit vesting.
RDWON is therefore a tokenized equity wrapper for a volatile space and defense technology stock, not an independent crypto network.
