SNAPON tokenises Snap Inc. stock at a 1:1 ratio, providing Ethereum-based access to its equity.
Snap (Ondo Tokenized) (SNAPON) is a tokenised version of Snap Inc. common stock. Each SNAPON token represents 1.0000 share of SNAP, enabling onchain ownership and transfer through the Ethereum blockchain.
SNAPON provides eligible participants with blockchain-based access to Snap Inc. equity. It allows onchain exposure to the company behind the Snapchat application and related products, using Ethereum for secure and transparent transferability.
SNAPON is issued by Ondo Finance, a platform that tokenises traditional financial instruments such as equities and ETFs for onchain use.