Invesco QQQ ETF (Ondo Tokenized ETF)

Invesco QQQ ETF (Ondo Tokenized ETF) is a token circulating under the symbol QQQon and linked to the Invesco QQQ exchange-traded fund. QQQ tracks the index made up of large non-financial companies listed on Nasdaq; its portfolio is concentrated in technology, communication services and consumer companies. The token is issued by Ondo Global Markets (BVI) Limited as part of Ondo Global Markets, Ondo Finance's platform for tokenized stocks and ETFs.

According to the description in its CoinGecko listing, QQQon provides economic exposure similar to holding QQQ and reinvesting dividends; eligible retail and institutional users outside the US can mint and redeem tokens around the clock, five days a week, and additional restrictions apply. The token is not the fund unit itself and creates no direct relationship between Invesco and the token holder. According to Ondo, the underlying ETF units are held with US broker-dealers. QQQon is available on Ethereum, BNB Chain, Solana and HyperEVM.

Lzzo.com identifies QQQon by issuer and Ethereum contract address; the price comes from the US dollar reference value DefiLlama provides for that address. Because accumulated distributions are reflected in the token unit, the token price and QQQ's exchange price may not be exactly equal; the ratio between them depends on the multiplier applied by the issuer.