GLDon represents the tokenized form of SPDR Gold Shares issued by Ondo. It provides holders with economic benefits comparable to owning GLD, including the reinvestment of dividends. Through Ondo’s tokenized stock platform, institutional and retail investors 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.