PSQon represents the Ondo Tokenized iteration of the ProShares Short QQQ. It provides tokenholders with economic exposure comparable to holding PSQ, including the reinvestment of any dividends. Through Ondo tokenized stocks, non-US retail and institutional users globally can mint and redeem tokenized U.S. stocks and ETFs instantly. This service operates 24 hours a day, five days a week, offering full access to traditional exchange liquidity, though additional restrictions apply.