Plug Power (Ondo Tokenized) (PLUGON) is a tokenised equity product that provides onchain exposure to the stock of Plug Power Inc. Each PLUGON token represents one share of Plug Power (PLUG), backed 1:1 by the underlying equity through a compliant tokenisation structure.

PLUGON is designed to offer eligible investors access to the price performance of Plug Power Inc. via blockchain infrastructure. It enables tokenised exposure to traditional equity markets, allowing users to interact with PLUG stock through digital wallets and decentralised applications.

PLUGON is issued by Ondo Finance, a platform that facilitates the tokenisation of traditional financial assets, such as equities and ETFs. The tokens are fully backed by the underlying assets and issued within a regulated framework.