What Is Nokia Stock (NOK) and the NOKon Tokenized Stock?

The Pintu exchange in Indonesia offers NOKon, a tokenized version of Nokia's American Depositary Receipt (ADR) that allows local investors to gain exposure to the company's network infrastructure and AI-driven growth. Issued by Ondo Global Markets, the token is structured as a bankruptcy-remote note backed by underlying Nokia shares held at a US-regulated custodian. While Nokia has pivoted from its legacy mobile phone business to focus on 5G, fiber optics, and AI-RAN partnerships, the tokenized asset provides a way for retail users to track the performance of the NYSE-listed NOK ticker. As of October 2026, NOKon has a circulating market value of approximately $1.12 million with 194 holders, reflecting a niche but growing interest in tokenized equities. The tokenized product is subject to Indonesian regulatory oversight by the OJK, with specific tax treatments applied to transactions. Investors should note that NOKon does not grant direct shareholder rights or voting power, and its liquidity remains significantly lower than the underlying ADR. This development highlights the increasing accessibility of global institutional-grade assets through blockchain-based wrappers in emerging markets.