SCHWon represents the Ondo tokenized form of Charles Schwab, providing holders with economic benefits comparable to owning SCHW while automatically reinvesting dividends. Through Ondo’s tokenized stocks, institutional and retail participants outside the US can mint and redeem these U.S. equity and ETF tokens instantly. This service operates 24 hours a day, five days a week, offering complete access to traditional exchange liquidity, though further restrictions are in place.