ProShares UltraPro Short QQQ (Ondo Tokenized) (SQQQON) is a tokenised version of the ProShares UltraPro Short QQQ ETF. Issued by Ondo Finance, this token provides on-chain exposure to the performance of the SQQQ ETF, which seeks to deliver daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index.

SQQQON allows eligible users to access inverse leveraged exposure to the Nasdaq-100 through blockchain infrastructure. It is designed for short-term trading strategies, enabling users to hedge or speculate on downward movements in the Nasdaq-100. Each token is backed by 1.0000 share of the underlying ETF and can be held in digital wallets or integrated into decentralised financial applications.

SQQQON was issued by Ondo Finance, which tokenises traditional financial assets and provides on-chain access to securities held in regulated custody accounts. Ondo’s tokenised offerings are designed to bridge traditional markets and decentralised finance.