ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) is a tokenised version of the ProShares UltraPro QQQ ETF. Each TQQQON token represents one share of TQQQ, issued through Ondo Finance’s tokenisation platform and backed 1:1 by the underlying ETF held in custody.

TQQQON enables eligible investors to gain onchain access to the price performance of the ProShares UltraPro QQQ ETF, which aims to deliver three times the daily performance of the Nasdaq-100 Index. The token provides exposure to this leveraged equity index strategy while retaining the flexibility of blockchain-based assets.

TQQQON is part of the Ondo Finance suite of tokenised real-world assets. Ondo Finance oversees the tokenisation process and ensures each token is fully backed by the corresponding TQQQ shares held with regulated custodians.