BILIon represents the Ondo-issued tokenized form of Bilibili, providing holders with economic benefits comparable to owning BILI shares while automatically reinvesting dividends. Through Ondo’s tokenized stock framework, institutional and retail participants outside the US can mint and redeem these tokens for U.S. equities and ETFs instantly. This service operates five days a week, 24 hours a day, offering complete access to traditional exchange liquidity, though further restrictions are in place.