Ondo OpenAI Exposure Note (OPAIPon) is a tokenized exposure to OpenAI issued by Ondo Finance through PM Issuer Co (BVI) Limited.

Each token tracks one underlying share, carries no dividend entitlement, and carries no voting rights.

The token is a synthetic instrument that provides contractual exposure to the reference asset.

Holders rank as unsecured creditors of the issuer in insolvency.

Holders worldwide can mint and redeem directly with Ondo Finance.

Residents of the United States cannot mint or redeem with Ondo Finance.

PM Issuer Co (BVI) Limited is offered under an SEC Regulation S exemption.

OPAIPon has been issued on Ethereum as an ERC-20 token since August 2026.

Ondo OpenAI Exposure NoteOPAIPon