IREN (Ondo Tokenized) (IRENON) is a tokenised equity issued by Ondo Finance, representing economic exposure to IREN Ltd. common stock. Each IRENON token corresponds to 1.0000 share of IREN. It allows eligible participants to access the performance of IREN Ltd. through a blockchain-based token while maintaining a direct link to the underlying equity.

IRENON provides on-chain exposure to IREN Ltd., a company involved in data centre infrastructure and Bitcoin mining. The token enables eligible investors to access the value of IREN shares through blockchain infrastructure. It supports use cases such as programmable asset management, integration with decentralised finance applications, and cross-border settlement with exposure to traditional equity markets.

IRENON is issued by Ondo Finance, which tokenises traditional financial assets by creating blockchain-based instruments backed by real-world securities. Each token reflects full exposure to the underlying stock and is supported by custodial holdings of the equivalent equity.