Ondo X-EnergyXEon
Ondo X-Energy (XEon) is a token tracking XE shares, backed by dedicated collateral, issued by Ondo Finance through Ondo Global Markets (BVI) Limited, and distributed through Ondo Finance Inc. with Alpaca Securities LLC as broker. The underlying security is listed in the materials sector in North America. Each token carries no voting rights. The collateral assets are held by Alpaca Securities LLC in accounts segregated from the issuer's own funds and Ankura Trust Company as auditor. Retail investors, professional investors, accredited investors, qualified investors, and institutions worldwide can mint and redeem directly with Ondo Finance in USDon and USDC after completing KYC, with a USDon 1 minimum, and holders have a right to redeem at net asset value with instant settlement. Residents of Canada, the United States, and jurisdictions under applicable sanctions cannot mint or redeem with Ondo Finance. Ondo Global Markets (BVI) Limited is incorporated in the British Virgin Islands, is offered under an SEC Regulation S exemption, is offered under an EU-approved prospectus, and is supervised by the Financial Market Authority Liechtenstein. Holder terms are governed by the law of Switzerland. XEon has been issued on public blockchains since May 2026 and is native to Solana, BNB Chain, and Ethereum.