abrdn Physical Palladium Shares ETF (PALLON) price

PALLON tracks abrdn Physical Palladium Shares ETF, a fund holding platinum, palladium, or a basket of precious metals in a vault. Its price follows the fund's share price, adjusted for how much of a share each token represents.

Platinum and palladium are used mainly in vehicle catalytic converters, and their markets are small, so prices can move sharply on changes in supply or demand.

Tokenized asset from Ondo Finance representing abrdn Physical Palladium Shares ETF (Ondo Tokenized).

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PALLON contract address

P7hTXnKk2d2DyqWnefp5BSroE1qjjKpKxg9SxQqondo

Ticker

PALLON

Issuer

Ondo Finance

Status

Verified

PALLON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. PALLON tracks the price of abrdn Physical Palladium Shares ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping PALLON, and it does not issue, back, or custody the token.

The price of PALLON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

The asset behind PALLON doesn't pay distributions, so the value of PALLON reflects price movement alone.

PALLON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of PALLON comes from on-chain trading alone and can drift from the fund's last close.

One PALLON represents 1/5 of a share of the underlying fund, so its price is roughly the fund's share price divided by 5. Nothing is missing; the unit is smaller, which makes the token easier to buy in small amounts.

Other tokens tracking abrdn Physical Palladium Shares ETF