abrdn Physical Palladium Shares Tokenized ETF (Ondo) (PALLon) is a tokenized version of the abrdn Physical Palladium Shares ETF issued by Ondo Global Markets, providing holders with economic exposure to palladium price performance. Like other Ondo tokenized assets, it lets eligible investors mint and redeem the token on-chain while accessing traditional ETF liquidity, merging real-world metal exposure with blockchain accessibility.