Invesco QQQ ETF (Ondo Tokenized ETF) 

QQQON Price

What is the Invesco QQQ ETF (Ondo Tokenized ETF)?

QQQON gives crypto traders on-chain exposure to the Invesco QQQ Trust (NASDAQ: QQQ), the large-cap Nasdaq-100 index ETF, without leaving a crypto venue. The tokenized ETF wrapper is issued by Ondo Global Markets (BVI) Limited as an Ethereum ERC-20 and tracks QQQ's net asset value. QQQON is fully backed 1:1 by real QQQ shares held at regulated U.S. entities, with daily attestations.

Which asset does the QQQON token represent?

Each QQQON token represents economic exposure to one share of the Invesco QQQ Trust, the Nasdaq-100 index ETF listed on NASDAQ as QQQ. The wrapper is a total-return tracker — dividends from the underlying shares are reinvested back into the position rather than paid out. Over time, a single QQQON token can therefore represent economic exposure to more than one QQQ share.

How is the tokenized QQQ ETF backed?

QQQON is backed 1:1 by real QQQ shares plus cash in transit, held at regulated U.S. entities. The issuer, Ondo Global Markets (BVI) Limited, is a bankruptcy-remote SPV with at least one independent director and a first-priority security interest held by a third-party security agent. Daily attestations of backing assets are published. Brokerage infrastructure is powered by Alpaca Markets; Broadridge enables proxy voting.

Does QQQON's price track the underlying ETF?

QQQON tracks the net asset value of the Invesco QQQ Trust and trades 24/5 with some off-hours sessions. Because dividends are reinvested net of withholding tax rather than distributed, QQQON's token price can diverge from the per-share QQQ price over time. Minting and burning are atomic in a single transaction with no mint or burn fees; holders can redeem tokens for cash or stablecoins at the then-value of the underlying.

Is QQQON a coin or a token?

QQQON is a token — an Ethereum ERC-20 at contract 0x0e397938C1Aa0680954093495B70A9F5e2249aBa, not a native blockchain coin. DropsTab classifies QQQON under Tokenized Stock. The Ethereum variant is the instrument DropsTab tracks; Ondo GM native tokens also exist on Solana and BNB Chain and bridge to HyperEVM, with identical economic exposure across chains.

Does QQQON have a vesting schedule, fundraising rounds, or airdrops?

QQQON has no vesting schedule, no fundraising rounds, and no airdrop or point-farming campaigns. QQQON is a tokenized ETF wrapper, not a protocol token — there is no team, investor, or ecosystem allocation and no unlock or cliff schedule. Ondo Finance, the parent issuer, has raised equity separately, but that capital pertains to the ONDO governance token, not to QQQON.

What exchanges is QQQON available on?

QQQON trades spot against USDT on centralized exchanges only. Per DropsTab data, the tracked venue set includes 5+ exchanges — all as QQQON/USDT pairs. No derivative markets and no DEX liquidity are tracked for the Ethereum variant. Holders needing on-chain redemption rather than secondary trading should use Ondo's native mint/redeem flow instead of exchange order books.