Coinranking is better without ads. Better without the ads. Elite keeps it that way and unlocks the full Pro Chart and premium features. Elite keeps it that way.

What is Invesco QQQ (Ondo Tokenized) (QQQon)?

Quick Facts

  • Issuer: Ondo Global Markets (BVI) Limited
  • Underlying asset: Invesco QQQ Trust (NASDAQ: QQQ)
  • Blockchains: Ethereum and BNB Smart Chain
  • Backing: 1:1 by real QQQ shares held with US custodians
  • Target users: Eligible non-US retail and institutional investors
  • KYC required: Yes — onboarding and compliance checks apply
  • Trading hours: Mint and redeem 24/5; DeFi use available 24/7
  • Inception: July 2025

Introduction

QQQon is a tokenized real-world asset (RWA) issued by Ondo Global Markets that tracks the economic performance of the Invesco QQQ ETF. The Invesco QQQ ETF itself follows the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on Nasdaq — a basket heavily weighted toward major technology firms.

By bringing QQQ onto the blockchain, Ondo enables eligible investors worldwide to gain Nasdaq-100 exposure without needing a traditional brokerage account.

History & Background

Ondo Finance was founded with a mission to bridge traditional finance and decentralized finance. The platform first gained traction through tokenized US Treasury products before expanding into equities and ETFs.

QQQon launched in July 2025 as part of Ondo's growing suite of tokenized stocks, making it one of the earlier blockchain-native representations of a major US ETF available to global non-US investors.

How Invesco QQQ (Ondo Tokenized) Works

When a user mints QQQon, the corresponding value in real Invesco QQQ ETF shares is purchased and held by a regulated US custodian. A 1:1 backed token is then issued on-chain, representing that economic exposure.

The token does not confer direct shareholder rights in Invesco QQQ. Instead, it provides economic exposure similar to holding QQQ — including reinvestment of any dividends after applicable withholding taxes. Smart contracts handle minting, redemption, and compliance checks automatically.

Tokenomics

QQQon has no fixed supply cap — token supply expands or contracts as users mint and redeem tokens. The token's value is pegged to the net asset value (NAV) of the underlying QQQ ETF shares held in custody, so price naturally tracks the real-world ETF. There are no performance fees charged by Ondo on the QQQon product.

Circulating Supply ? 46,419 QQQon
Reserved supply ? 0 QQQon
Burned
0x0000000000000000000000000000000000000001
0 QQQon
Total supply ? 46,419 QQQon
Max supply ? -- QQQon
Updated 2d ago

Ecosystem & Use Cases

QQQon sits at the intersection of traditional finance and DeFi. Beyond simply holding for price exposure, users can utilize QQQon in DeFi protocols for lending, liquidity provision, and swaps — 24 hours a day, 7 days a week.

This composability makes QQQon a compelling collateral asset for DeFi participants who want real-world asset backing rather than purely crypto-native collateral.

Team, Governance & Community

QQQon is issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands entity, with tokenization services provided by Ondo Finance. The broader Ondo ecosystem is governed through the ONDO token and a growing community of institutional and retail users across multiple blockchains.

Advantages

  • Global accessibility: Eligible non-US investors can access Nasdaq-100 exposure without a traditional broker.
  • 24/7 DeFi composability: QQQon can be used in lending, swaps, and liquidity protocols around the clock.
  • 1:1 custodial backing: Real QQQ shares are held by regulated US custodians, reducing counterparty risk.
  • Dividend reinvestment: Economic returns mirror a total-return QQQ position.

Risks & Challenges

  • Restricted eligibility: US persons and many other jurisdictions are excluded; KYC onboarding is mandatory.
  • No direct shareholder rights: Holders receive economic exposure but not the legal rights of a QQQ ETF shareholder.
  • Regulatory uncertainty: The tokenized securities landscape remains evolving, and regulatory changes could affect the product's availability.
  • Smart contract risk: As with all on-chain assets, bugs or exploits in the underlying contracts could pose a threat.

Long-Term Vision

QQQon reflects a broader ambition to make global capital markets accessible on-chain. Ondo's roadmap points toward expanding tokenized securities across more blockchains and asset classes, aiming for a future where any eligible investor worldwide can hold, trade, and utilize institutional-grade financial assets directly from a crypto wallet — without barriers from geography or traditional brokerage infrastructure.

Frequently Asked Questions

QQQon is a tokenized version of the Invesco QQQ ETF issued by Ondo Global Markets. It gives holders economic exposure similar to holding QQQ shares, including reinvested dividends, on blockchain networks like Ethereum and BNB Smart Chain.

QQQon is available to eligible non-US persons located outside the United States, and to qualified investors in the EEA and UK. US persons are currently excluded. Investors must complete KYC onboarding through Ondo before minting or redeeming.

Yes. Each QQQon token is backed 1:1 by real Invesco QQQ ETF shares held with regulated US custodians. The token's value tracks the net asset value of the underlying ETF shares in custody.

No. QQQon provides economic exposure to QQQ — including price performance and reinvested dividends — but does not grant direct legal ownership of QQQ shares or traditional shareholder rights such as voting.

QQQon is deployed on Ethereum and BNB Smart Chain, with contract addresses verified on both networks. Ondo has also signaled plans to expand its tokenized securities to additional blockchains.

Yes. While minting and redemption follow US market hours (five days a week), the token itself can be transferred and used in DeFi protocols — such as lending and liquidity pools — 24 hours a day, 7 days a week.

Ondo charges no performance fees on QQQon. However, users should be aware that dividends are subject to applicable withholding taxes before being reflected in the token's value.

Unlike synthetic tokens that simply track a price feed, QQQon is backed by actual QQQ shares held in regulated custody. A new token is only minted when real shares are purchased, maintaining the 1:1 backing at all times.