According to official announcements, Ondo Perps is now open to all users, with tokenized stock collateral live and initially supporting SPYon and QQQon. Traders can now directly use Ondo’s tokenized stocks as margin for perpetual futures positions, eliminating the need to convert funds into stablecoins or sell held assets. By offering traders a single platform for stock hedging, deep liquidity for stock perpetuals, tighter spreads, reduced slippage, CEX-like execution speed, 24/7 trading, and up to 20x leverage, Ondo Perps has already surpassed $3.8 billion in trading volume. Ondo Perps states that its tokenized stock collateral feature is a key component of its “productive capital” strategy, aiming to enhance the capital efficiency of tokenized stocks and gradually bring the liquidity and efficiency of on-chain stock perpetual markets closer to that of traditional derivatives markets. In the future, Ondo Perps will continue optimizing collateral expansion and other areas to provide a more comprehensive financial services layer for the tokenized assets ecosystem.
Ondo Perps Launches Tokenized Stock Collateral with SPYon and QQQon Support
TechFlowShare
Summary
Ondo Perps has launched tokenized stock collateral with support for SPYon and QQQon, enabling traders to use Ondo Stocks as margin for perpetual contracts. This feature helps users manage support and resistance levels more effectively without converting to stablecoins. The platform reports over $3.8 billion in trading volume, citing 20x leverage and low slippage. Ondo Perps aims to enhance capital efficiency and align with traditional markets, offering on-chain traders improved risk-to-reward opportunities.
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