ProShares UltraPro QQQ (Ondo Tokenized)

TQQQON Price

About ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON)

ProShares UltraPro QQQ (Ondo Tokenized) is a tokenized asset that provides on-chain exposure to the ProShares UltraPro QQQ ETF, a leveraged exchange-traded fund seeking daily investment results that correspond to three times the daily performance of the NASDAQ-100 Index.

• Leveraged ETF Exposure: Provides 3x daily leveraged exposure to the NASDAQ-100 Index through tokenized representation of the TQQQ ETF
• Multi-Chain Availability: Accessible across Ethereum, BNB Chain, and Solana ecosystems
• RWA Innovation: Part of Ondo Finance's tokenized real-world asset suite bridging traditional finance with blockchain technology

What Is ProShares UltraPro QQQ (Ondo Tokenized)

ProShares UltraPro QQQ (Ondo Tokenized) represents a tokenized version of the TQQQ ETF, issued by Ondo Finance as part of their Ondo Global Markets tokenized assets platform. The token provides holders with economic exposure to the value of the underlying TQQQ ETF, including the value of dividends (less applicable tax withholdings).

The token operates as a Real World Asset (RWA) token, allowing blockchain-native investors to gain exposure to traditional leveraged equity products without leaving the crypto ecosystem. Value flows through the system as the token's value tracks the underlying TQQQ ETF's performance.

As a tokenized asset, TQQQON does not provide holders with direct rights to hold or receive the underlying TQQQ ETF shares. Instead, it offers synthetic economic exposure to the ETF's price movements and dividend distributions.

What Makes ProShares UltraPro QQQ (Ondo Tokenized) Unique

• Leveraged Equity Exposure: Unlike most tokenized assets that track stable underlying values, TQQQON provides exposure to a 3x leveraged ETF, offering amplified exposure to the NASDAQ-100 Index
• Regulatory-Compliant Structure: Issued by Ondo Global Markets (BVI) Limited with prospectus approval from the Financial Market Authority Liechtenstein (FMA) for EEA distribution
• Cross-Chain Deployment: Available on three major blockchain networks (Ethereum, BNB Chain, and Solana), providing flexibility for users across different ecosystems
• Part of Ondo Ecosystem: Integrated into Ondo Finance's broader suite of tokenized assets including other ETFs, stocks, and treasury products

What Can You Use ProShares UltraPro QQQ (Ondo Tokenized) for?

• Leveraged NASDAQ-100 Exposure: Gain 3x daily leveraged exposure to the NASDAQ-100 Index's performance through a blockchain-native token
• Portfolio Diversification: Add leveraged equity exposure to crypto portfolios without off-ramping to traditional brokerage accounts
• Cross-Border Access: Available to qualified investors and professional clients in various jurisdictions, subject to local regulations
• Trading and Transfer: Move value across Ethereum, BNB Chain, and Solana ecosystems while maintaining exposure to the underlying ETF

How Does ProShares UltraPro QQQ (Ondo Tokenized) Work?

TQQQON functions as a tokenized representation of the ProShares UltraPro QQQ ETF. Ondo Finance holds the underlying ETF shares through brokerage services provided by Alpaca Securities LLC, a FINRA/SIPC member. The token's value tracks the NAV (Net Asset Value) of the TQQQ ETF.

The token operates on Ethereum (ERC-20), BNB Chain (BEP-20), and Solana (SPL) standards, allowing users to hold and transfer the asset across these networks. Each token represents a proportional claim on the underlying ETF value held by the issuer.

Dividends from the underlying ETF are reflected in the token's value, less applicable tax withholdings. The token does not have its own governance mechanism or fee structure beyond standard network transaction fees on the respective blockchains.

Team Info and Investors

ProShares UltraPro QQQ (Ondo Tokenized) is issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. Ondo Finance Inc., a Delaware (USA) corporation, provides tokenization services to and is an equity holder of Ondo Global Markets (BVI) Limited.

The tokenization infrastructure utilizes brokerage services from Alpaca Securities LLC for holding the underlying securities. Ondo Finance has established regulatory approvals including prospectus approval from the Financial Market Authority Liechtenstein (FMA) for EEA distribution and admission to trading on Nest Exchange Limited in the Abu Dhabi Global Market (ADGM) for certain tokens.

Specific details about individual team members, founding team, or investor backing are not specified in the available source materials.

Where can you buy ProShares UltraPro QQQ (Ondo Tokenized)?

TQQQON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade ProShares UltraPro QQQ (Ondo Tokenized) is Ondo Stocks, where the most active trading pair TQQQON/USDON has a trading volume of $473,395.95 in the last 24 hours. Other popular options include LBank and MEXC.

What is the daily trading volume of ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON)?

The trading volume of ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) is $1,189,864.13 in the last 24 hours, representing a 6.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON)?

ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) reached an all-time high of $88.20 and an all-time low of $37.35. It’s now trading -22.90% below that peak and 82.10% above its lowest price.

What is the market cap of ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON)?

Market capitalization of ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) is $5,423,941 and is ranked #1415 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TQQQON tokens (80 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON)?

The fully diluted valuation (FDV) of ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) is $5,423,941. This is a statistical representation of the maximum market cap, assuming total number of 80 Thousand ETH tokens are in circulation today.

How does the price performance of ProShares UltraPro QQQ (Ondo Tokenized) compare against its peers?

With a price decline of -10.60% in the last 7 days, ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) is underperforming the global cryptocurrency market which is down -0.90%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) to MetaMask?

Adding ProShares UltraPro QQQ (Ondo Tokenized) (TQQQON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TQQQON as a token. You can copy TQQQON’s contract address (0xa45cd7ac9865b9539166ebaf2abc362df4736580) and import it manually, or if you've installed MetaMask's chrome extension, add TQQQON to MetaMask with one click on CoinGecko.

Add TQQQON to MetaMask.