#Nasdaq100

What Is QQQON? Ondo Tokenized Invesco QQQ ETF Explained

Ondo Finance has introduced QQQON, a tokenized version of the Invesco QQQ Trust ETF, which tracks the Nasdaq-100 index. This product allows investors to gain exposure to the performance of top non-financial companies listed on the Nasdaq exchange through blockchain-based tokens. By leveraging the Ondo platform, users can access traditional equity market returns within a decentralized finance framework. The initiative aims to bridge the gap between legacy financial instruments and digital asset ecosystems, enhancing liquidity and accessibility for global investors. QQQON operates by mirroring the underlying assets of the Invesco QQQ ETF, ensuring that token holders benefit from the price movements of the index. This development represents a significant step in the tokenization of high-growth equity products, signaling a broader trend of bringing institutional-grade financial assets on-chain. As more traditional ETFs are integrated into blockchain protocols, the RWA market continues to expand its utility beyond simple cash equivalents like U.S. Treasuries.

mexc.com·2h ago