Ton represents the Ondo-issued tokenized form of AT&T stock. It provides holders with economic benefits comparable to owning T shares, including the automatic reinvestment of dividends. Through Ondo’s tokenized stock platform, institutional and retail investors outside the United States can mint and redeem these U.S. equity 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.