Ondo launches tokenized perpetual futures for US stocks

4 min read

Ondo Finance launched Ondo Perps, an on-chain perpetual futures platform for tokenized U.S. stocks, ETFs and commodities that offers eligible non-U.S. traders up to 20x leverage and 24/7 trading. The protocol allows tokenized equities and ETFs to be used directly as collateral, supports corporate actions and cross-margining, and cites over $2.5 billion of funds on its protocol as prior tokenization experience. Ondo joins Kraken and Coinbase in a growing market for tokenized equity perpetuals, and early metrics such as volume, open interest and funding-rate stability will determine whether it can build meaningful liquidity.

Ondo allows tokenized equity perpetuals with up to 20x leverage