Invesco QQQ ETF (Ondo Tokenized ETF)

QQQON is a tokenized representation of the Invesco QQQ ETF, created by Ondo Finance and designed to give non-US retail and institutional users economic exposure similar to owning shares of QQQ while automatically reinvesting any dividends. It addresses the problem that investors outside the United States have historically faced significant friction when trying to access US-listed exchange-traded funds. The token is intended to allow those users to mint and redeem their position around the clock on weekdays without going through traditional brokerage infrastructure.

Each QQQON token is backed by the underlying Invesco QQQ ETF and is issued through Ondo's global markets platform, with the system connecting to traditional exchange liquidity so that redemptions reflect real-world ETF pricing. The token exists across multiple networks including Ethereum, Solana, BNB Chain, and the HyperEVM ecosystem, giving it broad on-chain reach. Minting and redemption happen 24 hours a day, five days a week in line with traditional exchange trading schedules, and access is subject to eligibility restrictions set by Ondo.

The data provided does not include a fee stream, revenue figures, or protocol earnings for QQQON, so fee-based measures are not applicable here. The circulating supply stands at approximately 46,648 tokens at a point-in-time, and because the fully diluted value equals the market capitalization with an fdv-to-mcap ratio of 1.0 and zero dilution overhang, all tokens that will exist are already in circulation. The 24-hour turnover ratio is recorded at roughly 9.13 percent over the most recent 24-hour period, which reflects trading volume relative to market capitalization rather than any protocol fee collected.