What is Eli Lilly (Ondo Tokenized Stock)?

Eli Lilly (LLYon) is a tokenized stock that offers economic exposure similar to holding the company's actual shares, along with the ability to receive dividends. Ondo tokenized stocks provide both retail and institutional users outside the U.S. with the capability to mint and redeem tokenized U.S. stocks and ETFs continuously during trading hours.

The Ondo framework allows for access to traditional exchange liquidity while imposing additional restrictions. This model aims to facilitate a broader reach for international investors interested in U.S. equities without direct access to the U.S. markets.