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Ondo Perps Launches Tokenized Stock Collateralization Feature

5 hours ago

According to official announcements, Ondo Perps has launched a tokenized stock collateral feature, allowing all users to use Ondo Finance’s tokenized stocks as valid collateral assets for perpetual contract trading. The first supported assets include tokenized versions of the S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Ondo noted that its perpetual contract platform has processed over $3.8 billion in trading volume. As traders’ demand grows for on-platform hedging, deep liquidity, tight spreads, low slippage, exchange speeds comparable to centralized exchanges (CEXs), and 24/7 trading, the on-chain stock derivatives market is expanding rapidly. The tokenized stock collateral mechanism allows traders to gain exposure to other markets without locking funds in stablecoins or selling existing assets, thereby improving capital efficiency. This feature is part of Ondo’s "Productive Capital" strategy, designed to gradually align the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with those of traditional derivatives markets. The company added that the current trading and margin infrastructure built on tokenized assets is just the beginning of a broader on-chain prime brokerage ecosystem, with plans to launch additional markets, liquidity products, and innovative features in the future.

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