Direxion Daily Semi Bull 3X ETF (Ondo Tokenized) (SOXLON): issuer, networks, and where it trades

SOXLON is a tokenized fund representing a structured note issued by Ondo Global Markets (BVI) Limited, which operates as a bankruptcy-remote special purpose vehicle under Swiss law. This instrument provides exposure to the Direxion Daily Semi Bull 3X ETF (SOXL) through a structured note, granting holders a first-priority security interest in the underlying collateral, rather than direct ownership of the shares. As a result, holders do not possess shareholder rights typically associated with owning the underlying stock, and their ownership is subject to jurisdictional restrictions, as this security is distributed under Regulation S, primarily outside the US and not intended for US persons. The specific blockchain network(s) on which SOXLON exists is not detailed in the information provided. Furthermore, it is unclear how dividends and stock splits of the underlying asset are handled in relation to this structured note.

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