Question 1

What is ProShares UltraPro Short QQQ (Ondo Tokenized) (SQQQON)?

Accepted Answer

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.

Question 2

What is SQQQON used for?

Accepted Answer

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.

Question 3

Who created SQQQON?

Accepted Answer

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.

Question 4

Token Details

Accepted Answer

- **Issuer**: Ondo Finance  
- **Underlying Asset Name**: ProShares UltraPro Short QQQ  
- **Underlying Asset Ticker**: SQQQ  
- **Shares per Token**: 1 SQQQON = 1.0000 SQQQ  
- **Category**: Equities – ETF  
- **Supported Chains**: Ethereum (ERC‑20)  
- **Onchain Address**: 0x0a00c19246Fc41B2524d56C87EC44Ce8b30Ba0f8