abrdn Physical Platinum Shares ETF (PPLTON) price

PPLTON tracks abrdn Physical Platinum 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.

PPLTon is the Ondo Tokenized version of the abrdn Physical Platinum Shares ETF, giving tokenholders economic exposure similar to holding PPLT and reinvesting any dividends. Ondo tokenized stocks enable non-US retail and institutional users around the world to instantly mint and redeem tokenized U.S. stocks and ETFs, 24 hours a day, five days a week with full access to traditional exchange liquidity. Additional restrictions apply. Learn more at ondo.finance/global-markets.

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PPLTON contract address

DwRtkbsaQMGAS3oMeEGYh6M5vH4X9WECsQgqHjAondo

Ticker

PPLTON

Issuer

Ondo Finance

Status

Verified

PPLTON 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. PPLTON tracks the price of abrdn Physical Platinum 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 PPLTON, and it does not issue, back, or custody the token.

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

PPLTON 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 PPLTON comes from on-chain trading alone and can drift from the fund's last close.

One PPLTON represents 1/10 of a share of the underlying fund, so its price is roughly the fund's share price divided by 10. Nothing is missing; the unit is smaller, which makes the token easier to buy in small amounts.

Other tokens tracking abrdn Physical Platinum Shares ETF