COPon represents the Ondo Tokenized form of ConocoPhillips, providing token holders with economic benefits comparable to owning COP while automatically reinvesting dividends. Through Ondo’s tokenized stock platform, institutional and non-US retail participants globally can mint and redeem tokenized U.S. equities and ETFs instantly. This service operates 24 hours a day, five days a week, offering complete access to traditional exchange liquidity, though additional restrictions apply.