Ondo Perps Debuts With 24/7 Equity Perpetuals on U.S. Stocks and ETFs

• Ondo Finance has launched Ondo Perps, a new platform to trade perpetual futures on hundreds of leading US stocks, ETFs and commodities.
• The platform will be available only outside the US, offer up to 20x leverage for traders, and use tokenized securities as collateral.

Ondo Finance, the leader in tokenizing real-world assets (RWA), has announced the launch of Ondo Perps, a new platform for perpetual futures tied to leading US stocks, ETFs and commodities.

Ondo Perps is built on Ondo Finance’s tokenized asset infrastructure, giving traders access to perpetual futures contracts on tokenized stocks of major US companies, from Amazon and Coinbase to Nvidia and Google. The platform will, however, only be available outside the US, and will also bar access to users located in sanctioned regions.

Users of the new platform will get to use tokenized securities, like Apple stock, as collateral, and not just stablecoins and crypto, as is the norm on Ondo’s trading venue. It will offer leverage of up to 20x and will launch with built-in technology that tracks dividends and stock splits.

The perps will trade 24/7, unlike the US stock market on which they are based, which restricts trading to 6.5 hours a day for five days. This allows users located in different parts of the world to trade the tokenized stock without having to match US trading hours, opening access to a broader range of investors.

As we reported last month, the company teamed up with Jupiter to introduce 200+ tokenized stocks onchain with NYSE-backed liquidity.

Ondo Perps Broadens Tokenized RWA Network

Perpetual futures have become one of the fastest-growing sectors in the crypto industry, growing into an $86 trillion giant. In the traditional market, futures are an even bigger market, with Ondo estimating it to be worth a quadrillion dollars. Equity perps launching on its new platform will combine the best of both worlds.

It stated:

Ondo Perps are Ondo’s latest venture into tokenizing finance, which has made it one of the companies receiving the most interest from legacy finance. The Ondo Finance Summit in New York yesterday showcased the company’s pull, with giants like Franklin Templeton, S&P Global, Citi, DTCC, Moody’s, BNY Mellon, Wellington Management, BlackRock and 200 more companies represented.

At the event, the company launched Ondo Global Listing, which allows exchanges and wallets to offer on-chain access to tokenized US stock IPOs on the day they debut on the stock market.

ONDO trades at $0.2844, dipping marginally in the past day for a $1.38 billion market cap.