Question 1

What backs CLOAON?

Accepted Answer

CLOAON (iShares AAA CLO Active ETF (Ondo Tokenized Stock)) is backed by Tokenized exchange-traded funds (ETFs).

Question 2

Can I trade CLOAON 24/7?

Accepted Answer

Yes — CLOAON trades on-chain 24/7/365, including weekends when traditional markets are closed.

Question 3

Is CLOAON permissionless to buy?

Accepted Answer

Partly — CLOAON trades permissionlessly on secondary DEX pools, but minting or redeeming directly with the issuer requires KYC / accredited-investor eligibility.