LIon represents the Ondo-issued tokenized form of Li Auto stock. It provides holders with economic benefits comparable to owning LI shares, including the reinvestment of dividends. Through Ondo’s tokenized stock platform, institutional and retail participants outside the US can mint and redeem tokens linked to U.S. equities and ETFs. This service operates 24 hours a day, five days a week, offering complete access to traditional exchange liquidity, though further restrictions are in place.