Question 1

What backs PENGON?

Accepted Answer

PENGON (Penguin Solutions (Ondo Tokenized)) is backed by Tokenized public equity (1:1 backed).

Question 2

Can I trade PENGON 24/7?

Accepted Answer

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

Question 3

Is PENGON permissionless to buy?

Accepted Answer

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