Ondo Perps Launches Tokenized Stock Collateral Feature

Ondo Perps has announced the launch of its tokenized stock collateral feature, allowing users to use Ondo Finance's tokenized stocks as valid collateral assets to support perpetual contract trading. The first assets supported include the tokenized versions of the S&P 500 ETF SPYon and the Nasdaq 100 ETF QQQon. Ondo stated that its perpetual contract platform has surpassed $3.8 billion in trading volume, and the on-chain stock derivatives market is rapidly expanding to meet traders' demands for hedging, liquidity, low spreads, and round-the-clock trading. The tokenized stock collateral mechanism enables traders to gain exposure to other markets without needing to keep funds in stablecoins or sell existing assets, thereby enhancing capital efficiency. This feature is part of Ondo's "productive capital" strategy, aimed at gradually aligning the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with traditional derivatives markets. The company indicated that the trading and margin infrastructure based on tokenized assets is the starting point for the on-chain prime brokerage ecosystem, with plans to introduce more markets, liquidity products, and innovative features in the future.

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