Tesla (Ondo Tokenized) (TSLAON) is a tokenised equity product issued by Ondo Finance. It represents economic exposure to Tesla, Inc. common stock. Each TSLAON token corresponds to 1.0000 share of TSLA. The token is designed to provide blockchain-based access to Tesla’s stock for eligible participants, combining traditional equity exposure with the benefits of on-chain settlement and custody.

TSLAON enables eligible investors to gain on-chain exposure to Tesla, Inc. shares. By representing tokenised Tesla equity, TSLAON allows for simplified cross-border access, integration with decentralised finance protocols, and potential for fractional ownership and automated portfolio strategies. The token tracks the price of TSLA and is backed by custodially held Tesla stock.

TSLAON is issued by Ondo Finance, a firm focused on the tokenisation of traditional financial assets. Ondo structures these instruments to maintain a 1:1 linkage with the underlying asset through custodians and regulatory compliance frameworks.