IRENon represents the Ondo-issued tokenized form of IREN. It provides holders with economic benefits comparable to owning IREN directly, including the automatic reinvestment of dividends. Through Ondo’s tokenized stock platform, institutional and retail participants outside the United States can mint and redeem tokens representing 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.