Invesco QQQ ETF (Ondo Tokenized ETF) (QQQON)

Rank #566

The Invesco QQQ ETF (Ondo Tokenized ETF) is a tokenized version of Invesco QQQ, designed to give QQQON holders economic exposure similar to that of holding QQQ, including reinvested dividends. In practice, it is a token that seeks to represent the economic performance of the underlying ETF.

How the Invesco QQQ ETF (Ondo Tokenized ETF) works

QQQON allows the user to gain exposure to the traditional asset through tokens, maintaining the link to QQQ’s logic. Any dividend reinvestment is part of the proposed operation for the token holder’s experience.

Ondo’s model for tokenized stocks and ETFs also mentions the possibility of minting and redeeming U.S. stock tokens on a continuous basis, with 24-hour-a-day, five-day-a-week operation, subject to additional restrictions.

Purpose and use of QQQON

The goal of QQQON is to expand access to holdings associated with U.S. stocks and ETFs for non-American users, both retail and institutional. Thus, the proposal is to allow the tokenized asset to function as a bridge between traditional markets and crypto use.

The base text indicates that participants have access to traditional exchange liquidity, subject to the applicable terms and restrictions.

Technology and market access

Ondo’s tokenization ecosystem seeks to enable the creation and redemption of tokenized assets programmatically, with support for operations during most of the week. This connects to the concept of Real World Assets (RWA) by representing economic exposure to traditional instruments.

Where the Invesco QQQ ETF (Ondo Tokenized ETF) fits in

As Tokenized Exchange-Traded Funds (ETFs) and Tokenized Exchange-Traded Product (ETPs), QQQON is positioned as a tokenized form of investment linked to a well-known ETF. It is treated as Ondo Tokenized Assets within the proposal for access to U.S. markets.