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OG30 Token Launches on Solana, Tracks Top 30 Crypto Assets

The token lets users hold major assets like BTC, ETH, SOL, BNB, and XRP in a single product, offering a diversified portfolio without managing individual coins.

Solana Tokens

OG30, a new crypto index token, has launched in beta on the Solana blockchain. It tracks the GMCI30 benchmark, giving users exposure to the 30 largest cryptocurrencies by market capitalization.

The OG30 token is designed by Open Delta, a new DeFi team building on the Solana blockchain.  According to a project blog post, OG30 lets users hold multiple major digital assets in a single product. Its key holdings include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and XRP, which provide a diversified portfolio without the need to manage each coin individually.

Balanced Exposure Through a Regulated Benchmark

The token complements existing cryptocurrencies rather than replacing them. By bundling major assets, OG30 lets users participate in broader market movements while keeping risk lower than holding only volatile altcoins.

To support this approach, OG30 tracks the GMCI30 benchmark, which is developed by the regulated European index provider GMCI. Since January 2021, the benchmark has generally outperformed BTC while exhibiting lower volatility than most alternative cryptocurrencies, also known as altcoins.

OG30 stores all tokens in their original form through a licensed custodian. This approach avoids wrapped or bridged assets, ensuring the token accurately reflects the value of its underlying cryptocurrencies.

In a traditional sense, OG30 would be akin to indexes like the S&P 500 and FTSE 100 Index, which enable investors to hold a variety of stocks in a single wrapper. This facilitates easier asset management while providing exposure to some of the most highly valued companies.

DeFi and Future Plans For the OG30 Index Token

The platform rebalances the index monthly to remove underperforming assets. It executes trades through OTC desks and major exchanges, including Binance, to reduce slippage and maintain token value.

The token integrates with Solana’s decentralized finance (DeFi) ecosystem, allowing users to stake or lend their holdings to generate additional yield. During the beta phase, users earn “Reward Points” on Orca DEX through swaps, staking, or holding the token.

The team plans to expand OG30’s compatibility with other DeFi protocols and centralized exchanges. By combining multiple assets into a single token, OG30 offers a simplified, transparent, and cost-efficient way to gain diversified crypto exposure.

“OG30 is the first product of its kind: 30 assets across more than 20 blockchains, wrapped into a single token,” the team said, highlighting its role as a new model for diversified crypto holdings.

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Jonathan Agozie

Jonathan Agozie is a writer dedicated to delivering clear, well-researched, and technically accurate content on blockchain, cryptocurrency, and Web3 technologies. With a strong background in these fields, he simplifies complex topics for a broad audience, ensuring clarity without compromising depth.