Invesco QQQ ETF (Ondo Tokenized ETF)

QQQON is a tokenized representation of the Invesco QQQ ETF, created by Ondo Finance and issued on blockchain networks including Ethereum, BNB Chain, Solana, and HyperEVM. It is designed to give non-US retail and institutional users economic exposure similar to holding the underlying QQQ ETF, with dividends reinvested into the token rather than paid out separately. The product addresses the difficulty that investors outside the United States face when trying to access US-listed exchange-traded funds, allowing them to mint and redeem tokens around the clock on five trading days per week against traditional exchange liquidity.

Each QQQON token is backed by the underlying Invesco QQQ ETF through Ondo's tokenization infrastructure, meaning the token's value is intended to track the net asset value of QQQ shares held in custody. Users mint new tokens by depositing funds through Ondo's platform and redeem them back to fiat or stablecoins at prevailing NAV, with the protocol maintaining a one-to-one relationship between tokens outstanding and underlying ETF shares. The token itself carries no independent consensus algorithm; it lives as a smart-contract asset across multiple blockchains and derives its settlement from the custodial and redemption mechanics Ondo has built around traditional brokerage infrastructure.

The data provided does not include a fee stream, fee rate, or revenue figure for QQQON, so no fee-based measures are available on this page. The protocol's revenue model is not described in the stored data, and it is not possible to characterize who pays fees, who receives them, or what the protocol retains without that information. The fully diluted valuation equals the market capitalization exactly, at a ratio of 1.0, because all 45,646.87 tokens in the circulating supply represent the entirety of tokens issued, with no additional supply pending or scheduled.