Ondo Perps launches stock perpetual contracts with up to 20x leverage
Ondo said its pre-alpha platform now lets users post tokenized stocks as collateral, with more than $130 million in 24-hour volume and gold accounting for about one-fifth of activity.
Ondo Finance said its OndoPerps platform has launched a feature allowing tokenized stocks to be used as collateral, extending its tokenized real-world-asset strategy from passive exposure into margin-backed derivatives trading. The company said the service is currently limited to pre-alpha users and that 24-hour trading volume has exceeded $130 million, with gold accounting for roughly 20% of activity. The platform is built on Ondo’s technology and is designed around perpetual futures tied to tokenized equities and other assets. Ondo has framed the move as the next step for tokenized stocks after opening spot-market access, arguing that adoption will spread into derivatives markets as users seek more productive uses for tokenized holdings. Previously disclosed launch details remain in place, including up to 20x leverage for non-U.S. users, listings such as TSLA, NVDA, AAPL, gold and silver, and the use of tokenized stock and ETF positions as margin. Earlier rollout plans for broader availability, incentive programs and jurisdictional restrictions also remain part of the story.
- tokenized stocks: Blockchain-based representations of stock exposure that can be traded or used as collateral on supported platforms.
- perpetual futures: Derivative contracts with no expiry date that allow traders to hold leveraged positions as long as margin requirements are met.
- real-world-asset: A tokenized claim or representation of an offchain asset such as equities, commodities or government debt.