Trading activity:
Reported 24-hour volume equals 179.88% of market capitalization. The local markets snapshot lists LBank, MEXC and Ondo Stocks among venues with observed trading activity.
YearBull indicators:
YearBull Rank #3,764. Bull Score 36/100.
YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment.
Cycle Early. Observed price change: 24h 4.38% · 7d 3.05% · 30d -30.71%.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-10-27.Data history: 90 days available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is D-Wave Quantum (Ondo Tokenized Stock) (QBTSON)?
Source description
“QBTSon is the Ondo Tokenized version of D-Wave Quantum, giving tokenholders economic exposure similar to holding QBTS and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
The project presents QBTSON as an Ondo-tokenized version of D-Wave Quantum, identified by the QBTS ticker. It says tokenholders receive economic exposure similar to holding QBTS rather than direct ownership of the underlying company’s conventional shares. This framing describes the intended financial relationship, while the specific legal rights attached to QBTSON are not detailed here.
How does the project describe access to Ondo tokenized stocks?
Ondo states that its tokenized stocks are intended to let non-U.S. retail and institutional users worldwide mint and redeem representations of U.S. stocks and ETFs. The project also says these actions can occur instantly, 24 hours a day, five days a week. It notes that additional restrictions apply, but does not specify their full scope here.
What does QBTSON do with potential dividends?
The project says QBTSON is structured to reinvest any dividends associated with the comparable QBTS exposure. This means the stated model emphasizes retaining and reinvesting such distributions rather than presenting them as a separate cash payment to tokenholders. The materials do not specify the reinvestment timing, method, applicable fees, or treatment of every possible distribution.
How is access to traditional market liquidity described?
Ondo positions its tokenized stocks as offering access to traditional exchange liquidity while using a tokenized format. For QBTSON, that claim is presented as part of the broader Ondo model for tokenized U.S. stocks and ETFs. The materials do not explain the exact liquidity providers, execution process, settlement arrangements, or how liquidity conditions may vary.
This comparison is a stored snapshot generated 2026-10-23 06:31 UTC from 293 daily observations available from 2025-12-30 through 2026-10-23. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$11.63
$17.03
$16.37
-31.7%
n/a
Market cap
$438.4K
$616.2K
$611.8K
-28.9%
P55.9
YearBull Rank
#4,962
#2,290
#2,682
Lower by 2,672
P41.9
Bull Score
32/100
40/100
28/100
-8.0 pts
P24.1
Turnover
179.38%
120.22%
112.95%
+59.2 pts
P98.7
YB Market Risk
Low
Low
Low
Unchanged
n/a
Cycle
Early
Early
Early
Unchanged
n/a
Median absolute daily movement 1.76%; distance from the highest local daily price -63.4%; circulating supply change +32.0%. These measurements are descriptive and do not predict future direction.
YearBull Rank context
Current YearBull Rank for d-wave-quantum-ondo-tokenized-stock: #3764.
Rank timeline (last 365 days)
Rank change (reference points).
Reading rule: a smaller rank number indicates stronger placement.
7d window (2026-10-21): #4789 → #3764 (up by 1025).
30d window (2026-09-28): #1147 → #3764 (down by 2617).
YearBull Rank is a comparative ordering used on YearBull to place a coin versus others using a consistent set of inputs. Lower rank numbers correspond to stronger relative placement.
Route context: If rank moves sharply, it may reflect venue mix changes rather than fundamentals.
Risk view: If it improves then retraces fast, treat it as rotation pressure.
Cycle angle: Compare the 30d move with the 7d move to see if momentum is accelerating or fading.
Liquidity view: If the line flatlines, the coin may be moving with its liquidity peers.
Practical note: a single point is weaker than the curve shape.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Stored venue snapshot. Markets last checked: 2026-07-27. Updated on a rolling basis; no fixed refresh date is promised. Venue listings and volumes are stored snapshots, not live quotes.
