Ondo Finance announced Tuesday that its perpetual futures trading platform now allows traders to use tokenized stocks as collateral, marking the first platform to offer this capability. The firm stated that this feature is available to pre-alpha users of Ondo Perps and enables 24/7 permissionless trading for users outside the U.S., Panama, and other prohibited jurisdictions. The move aims to increase the utility of tokenized stocks beyond onchain assets into versatile collateral forms. Ondo Finance President Ian De Bode stated the platform is approaching an investing experience superior to traditional brokerage accounts. The platform also offers $150,000 worth of USDC rewards for first-week trading activity.
Ondo Perps Introduces Tokenized Stock Collateral and 24/7 Trading Access
Ondo Finance stated that its perpetual futures trading platform is the first to allow traders to use tokenized stocks as collateral. The firm added that RWA perps can now trade on a platform built to deliver liquidity and capital efficiency on par with traditional derivatives exchanges. The service is available to pre-alpha users of Ondo Perps, with 24/7 permissionless trading accessible to traders outside the U.S., Panama, and other prohibited jurisdictions. Ondo also announced it is offering $150,000 worth of USDC for first-week trading activity.
Ondo Finance Expands Platform Capabilities and Market Presence
Last year, Ondo Finance launched 24/7 onchain access to more than 100 U.S. stocks and ETFs. The platform was made available to eligible Asia-Pacific, European, African, and Latin American investors. Ondo Perps lets users trade perpetual futures on U.S. stocks, ETFs, and commodities 24/7 with up to 20x leverage. Ondo stated that traders can deploy capital in size, run sophisticated strategies, and seamlessly manage risk all on a single platform that eliminates the constraints of traditional derivatives venues. The firm's move could help its perpetual futures platform stand out among rivals like Ostium and Hyperliquid.
Ondo Tokenizes BlackRock ETF and Micron Shares Under SEC Framework
Tuesday's announcement came days after Ondo expanded its U.S. footprint with the launch of tokenized versions of BlackRock's iShares Core S&P 500 ETF (IVV) and Micron (MU) shares under the third-party custodial framework outlined by the SEC in January.
FAQ
What did Ondo Finance announce on Tuesday regarding tokenized stocks?
Ondo Finance announced Tuesday that its perpetual futures trading platform now allows traders to use tokenized stocks as collateral, marking the first platform to offer this capability according to the firm's post.
Who can access Ondo Perps' tokenized stock collateral feature?
The service is available to pre-alpha users of Ondo Perps, with 24/7 permissionless trading accessible to traders outside the U.S., Panama, and other prohibited jurisdictions.
What leverage does Ondo Perps offer for perpetual futures trading?
Ondo Perps lets users trade perpetual futures on U.S. stocks, ETFs, and commodities 24/7 with up to 20x leverage.
