Source: issuer documentation
PGON is a tokenized stock issued by Ondo on Solana, Ethereum, and BNB Smart Chain. Each PGON token tracks one share of The Procter & Gamble Company (PG), which is listed on the NYSE. The number of shares each token tracks is adjusted over time, for example when dividends are reinvested.
Dividends from the underlying shares are reinvested into the token rather than paid out to holders. Eligible holders can mint and redeem PGON directly with the issuer after completing KYC. The issuer is based in the British Virgin Islands.
Coinmico compares the PGON token price with the PG share price on NYSE and displays the difference as the premium. When NYSE is closed, the last closing price is used while PGON may continue trading, which can affect the premium.
Token prices come from Coinmico's index. No underlying reference quote is available for this asset. A tokenized asset is not the underlying instrument itself. This is not investment advice.