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FollowingOndo Perps Spot Trading officially launched
Ondo Perps has officially enabled the spot trading feature of its Ondo Stocks series, providing traders with a single platform to execute basis trading strategies on tokenized real-world assets. The move marks the first time that Ondo Stocks has traded on an unlicensed centralized limit order book (CLOB).
This release covers 12 tokenized assets, including $GLDON,$NVDAon and $SPYON. Traders can now pair spot positions with perpetual short positions to capture funding rates and use the underlying stock token directly as collateral without having to convert positions to stablecoins or transfer capital between multiple venues.
This platform is the first of its kind to allow tokenized stocks and ETF positions to be directly used as collateral for derivative positions, eliminating the need to park separate capital on different platforms.
Capital Efficiency and Unified Risk Management
By integrating long exposure and short position management into the same CLOB, the platform reduces counterparty risk associated with cross-platform position management while improving overall capital efficiency.
Ondo said traders can "deploy capital at scale, run complex strategies, and seamlessly manage risk on a single platform that eliminates the limitations of traditional derivatives venues."
Ondo Stocks has enabled 7 x 24-hour unlicensed transfers of tokenized stocks and ETFs, allowing eligible users to hold, transfer and use these assets at any time, supporting wallets, exchanges, custodians, protocols, etc., allowing tokenized stocks to flow in the on-chain economy even when the traditional U.S. stock market closes.
The increase in spot trading on CLOBs deepens this infrastructure and provides traders with a more complete tool set within the same ecosystem.
Ian De Bode, CEO of Ondo Finance, described the broader strategy as building the main brokerage business on the chain, where tokenized spot positions, lending and leveraged derivatives all operate within the same capital-efficient infrastructure.
Ondo Stocks provides tokenized economic exposure to hundreds of U.S. listed stocks and ETFs, ranging from large technology stocks such as Nvidia and Alphabet to ETFs that track the S & P 500 and Nasdaq 100.
Ondo tokenized shares can be freely transmitted on-chain on Ethereum, BNB Chain, and Solana outside the United States and can be used in the DeFi protocols that support them.
