TLTon represents the tokenized form of the iShares 20+ Year Treasury Bond ETF issued by Ondo. It provides holders with economic benefits comparable to owning TLT, 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.