Ondo Finance launches revolutionary platform to enable tokenized stock collateral in crypto transact

Core Highlights

Ondo Finance launched Ondo Perps, a pioneering use of tokenized stocks as collateral for perpetual contracts.

International traders can now trade stocks, ETFs and commodities around the clock with 20 times leverage.

Collateral options include tokenized stocks such as Apple, Tesla, Nvidia, and Micron, as well as precious metals and energy commodities.

Since Ondo Global Markets was launched in September 2025, the total value of locked positions has exceeded US$1 billion.

Participants in the first week can share a US$150,000 USDC reward.

Ondo Finance has launched a groundbreaking perpetual contract exchange that allows tokenized stocks to be used as collateral for transactions for the first time. The innovation platform, called Ondo Perps, is officially open to pre-alpha participants outside the United States.

Update: Ondo Finance said its Ondo Perps platform now allows pre-alpha traders to use tokenized stocks as collateral for commodity and equity perpetual contracts.

The exchange operates 24/7, seven days a week. Eligible international users can access the platform at any time and are no longer limited by traditional market trading hours.

Ondo Perps offers perpetual contracts covering U.S. stocks, exchange-traded funds and commodity markets. Available assets include Apple, Tesla, Nvidia, Micron, as well as the S & P 500 index through SPCX and QQQ, as well as commodities such as gold and silver.

Users can directly use their tokenized stocks as trading collateral. This innovation eliminates the need to place cash deposits separately on different platforms.

The leverage ratio can be up to 20 times. This feature allows traders to open positions equal to 20 times the original collateral value.

Platform mechanisms and infrastructure

Ondo Perps \'liquidity originates from traditional financial markets. According to the company, this approach can provide spreads and market depth that are comparable to traditional derivatives platforms.

The system handles order routing, margin adjustment and clearing processes in real time. Ondo said its execution speed is comparable to the fastest centralized cryptocurrency exchanges, while maintaining a decentralized architecture.

stablecin deposits can also serve as an effective form of collateral, complementing tokenized securities and ETFs. Users have flexibility when choosing a pledge method.

Ian De Bode, President of Ondo Finance, said the platform represents \"the first time that a license-free equity perpetual contract platform has been built and is equipped with the infrastructure needed to unleash liquidity, speed and capital efficiency at a level comparable to traditional derivatives markets.\"

Market development and progress

Ondo Global Markets, the tokenized equity infrastructure that powers the platform, has maintained a weekly growth rate of approximately 5% since its launch in September 2025. At present, the total value of locked positions has exceeded US$1 billion.

Just a few days before the launch of this platform, Ondo had just integrated a tokenized version of BlackRock\'s iShares core S & P 500 ETF and Micron\'s stock. These new assets follow the custody framework clarified by the U.S. Securities and Exchange Commission in January.

Previously, Ondo has provided access to more than 100 U.S. stocks and ETFs to investors in Asia Pacific, Europe, Africa and Latin America through blockchain technology.

Ondo Perps is currently not open to residents in the United States, Panama and other restricted areas. The platform is operated by Ondo Global Panama Inc. Management.

As an incentive to the first batch of participants, Ondo provided USDC rewards totaling US$150,000, distributed based on the first week\'s trading volume.

This launch makes Ondo Perps a strong competitor to mature cryptocurrency derivatives trading platforms including Ostium and Hyperliquid.

Previously, tokenized stocks were mainly used as passively held on-chain assets. Ondo\'s innovation transforms it into functional collateral in an active derivatives trading ecosystem.