PepsiCo (Ondo Tokenized Stock) 

PEPON Price

What is PepsiCo (Ondo Tokenized Stock)?

PEPON is an ERC-20 tokenized stock on Ethereum that tracks the total-return economics of PepsiCo, Inc. (NASDAQ: PEP). Ondo Global Markets (BVI) Limited issues PEPON as part of Ondo Stocks, a platform giving onchain exposure to 100+ US stocks and ETFs across Ethereum, BNB Chain and Solana. PEPON lets crypto traders hold PepsiCo price exposure — including reinvested dividends — on crypto venues, without leaving the token ecosystem.

Which asset does PEPON represent?

Each PEPON token represents exposure to PepsiCo, Inc. common stock (NASDAQ: PEP) on a total-return basis. Holders receive the same economics as holding the underlying share with dividends reinvested, net of withholding taxes. One PEPON token does not necessarily equal one PepsiCo share — reinvested dividends can grow a token's exposure above one share over time, so the PEPON price can diverge from the NASDAQ: PEP share price.

What backs the PEPON tokenized stock's value?

Underlying PepsiCo shares fully back PEPON, with overcollateralization that includes cash in transit. Ondo's structure places the shares in a bankruptcy-remote SPV with an independent director, a first-priority security interest held by a third-party agent, daily attestations, and audited smart contracts. PEPON is structured as an exposure instrument rather than share title — holders gain the price economics, not legal ownership of the shares.

Does PEPON have a fixed token supply?

PEPON has no maximum supply by design. Supply is elastic: Ondo mints new tokens when investors deposit and burns tokens on redemption, so the float tracks investor demand rather than an emission schedule. Per DropsTab data, total supply stood at roughly 15,600 PEPON as of August 2026 — a snapshot that shifts with every mint and redeem. No insider allocations or scheduled unlocks exist.

Do PEPON holders receive dividends?

PEPON does not pay dividends as cash distributions. PepsiCo is a dividend-paying stock, and Ondo's total-return structure reinvests each dividend back into the underlying position, net of withholding taxes. Holders capture the reinvested value through token economics instead of payments. The result matches the economics of holding PepsiCo shares with a dividend-reinvestment plan enabled.

How is PEPON traded — spot or perpetual?

PEPON trades as a spot instrument only — no perpetual futures or DEX markets are tracked for the token. Per DropsTab data, tracked liquidity consists of PEPON/USDT spot pairs on Gate and MEXC. Primary issuance runs through the Ondo platform itself, with instant atomic mint and redeem and no mint or burn fees. Direct mint/redeem access currently requires institutional onboarding.

Can PEPON be traded 24/7?

PEPON trading runs generally 24/5, with Off-Hours weekend and holiday sessions approaching 24/7 per Ondo's platform status. Trading pauses during corporate actions or when platform risk limits are hit. Weekend PEPON pricing can diverge from the last NASDAQ: PEP print because US equity markets are closed. Secondary liquidity is thin — a small set of USDT pairs on mid-tier exchanges — so spreads can widen outside US market hours.

Is PEPON the same as buying PepsiCo shares?

PEPON is not a PepsiCo share. The token confers economic exposure only — no voting rights and no shareholder rights — and access is restricted to non-US investors. Other tokenized PepsiCo wrappers exist, including Backed xStocks (x-suffix, Solana) and Reality Protocol (r-prefix) products with different custody arrangements; PEPON is the Ondo-issued "on"-series instrument. Investors holding NASDAQ: PEP directly retain full shareholder rights.