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FollowingOndo Finance includes tokenized gold and silver as collateral for perpetual contracts
Ondo Finance has added tokenized gold and silver as collateral to its perpetual contracts platform, the first time in the industry has allowed traders to use these two of the world's most traded commodities to support their positions. Ondo Finance is a company that brings traditional financial assets onto the chain. Its perpetual contract platform Ondo Perps will be launched in July 2026, allowing non-U.S. traders to use tokenized assets (rather than stablecoins) as margin. Perpetual contracts are cryptocurrency derivatives that track asset prices and have no expiration date.
New features brought by this update
Previously, Ondo Perps allowed traders to deposit tokenized stocks as collateral. The new tokenized gold and silver this time will be tied with the tokenized stock products SPYon and Qon the platform. Ondo said that this change enables "basis trading" between gold and silver on the chain for the first time-that is, holding spot assets while shorting perpetual contracts to capture capital costs when the rate is positive. Its core selling point is capital efficiency. Ondo said traders no longer need to idle their funds in stablecoins or sell existing positions to gain additional exposure. According to the company, Ondo Perps 'cumulative trading volume has now exceeded $6.5 billion as traders seek deep liquidity, narrow spreads, all-weather operation and up to 20 times leverage on a single platform.
Why choose gold and silver, and why now
This timing coincides with the eye-catching performance of the precious metals market. According to a report released by BlackRock in March 2026, gold has risen 75% in the past year and exceeded $5000 per ounce for the first time in January, before falling 12% at the end of the month. Silver rose 148% in 2025 and rose another 19% in January, despite a one-day plunge of 26% on January 30. BlackRock pointed out that volatility has also risen sharply, with the annualized volatility of gold and silver rising by 46% and 106% respectively, reminding people that this round of rally is also accompanied by real risks. The needs of large institutions help explain this strength. The "Central Bank Gold Reserve Survey" released by the World Gold Council on June 16, 2026 showed that 89% of the central banks surveyed expect global gold reserves to increase in the next 12 months, while a record 45% expect their own reserves to increase. The survey also found that 74% of respondents believe that US dollar holdings in global reserves will decline in the next five years, while the proportion of gold will increase. Ondo sees the move as part of its "productive capital" philosophy, that tokenized assets should generate income or function, rather than idle. The company said it will soon add more tokenized stocks as collateral, expanding its previous model starting with tokenized stocks to the commodity sector.
