Ondo Perps officially launched, becoming the first perpetual contract platform to support tokenized stocks as collateral for derivatives

Ondo Perps is now officially launched and open to non-US investors. As the first perpetual contract platform that supports tokenized stocks and stablecoins as collateral for derivatives, Ondo Perps is committed to advancing the on-chain derivatives market into a new phase of capital efficiency. Its core advantages include: tokenized stocks as collateral, eliminating the need to maintain separate capital reserves across multiple platforms; market depth comparable to traditional finance, achieving extremely low spreads and slippage; execution speed on par with top CEXs in the crypto space, with order routing, margin updates, and settlement processed in real-time while ensuring decentralization.

Currently, Ondo Perps supports assets covering stocks, indices, and commodities, including SPCX, MU, NVDA, TSLA, AAPL, gold, and crude oil, and offers leverage of up to 20 times, providing global investors with 24/7 trading. According to reports, Ondo Perps is built on Ondo Finance technology, with Ondo Global Markets providing the underlying tokenized stock infrastructure, and the total TVL has exceeded $1 billion. Ondo Perps, as the next layer of the ecosystem, allows tokenized assets to not only remain in the holding phase but also to function as collateral on a unified trading platform.