Key Highlights
- Ondo Finance unveiled Ondo Perps, pioneering the acceptance of tokenized equities as collateral for perpetual futures contracts
- International traders gain access to up to 20x leverage on equities, ETFs, and commodities with round-the-clock trading
- Available assets include major names like Apple, Tesla, Nvidia, Micron, along with gold and oil
- Ondo Global Markets has surpassed $1 billion in total value locked following its September 2025 debut
- Launch week features $150,000 in USDC incentives for initial platform participants
Ondo Finance has unveiled a groundbreaking perpetual futures trading solution that enables users to leverage tokenized equities as collateral—a cryptocurrency industry first. Named Ondo Perps, the platform has entered its pre-alpha phase for international users, excluding those in the United States.
The platform operates continuously, offering traders in supported regions unrestricted access around the clock, eliminating the constraints of conventional market trading windows.
Ondo Perps facilitates perpetual futures contracts on American equities, exchange-traded funds, and commodity instruments. The asset roster features prominent stocks such as Apple, Tesla, Nvidia, and Micron, alongside market indices through SPCX, QQQ, as well as precious metals like gold and silver.
Users can directly pledge their tokenized equity holdings as margin. This innovation eliminates the necessity of maintaining separate cash positions across multiple trading venues.
The service provides leverage ratios reaching 20x. This allows participants to establish positions valued at twenty times their initial collateral deposit.
Platform Mechanics and Infrastructure
Ondo Perps draws its market depth from conventional financial institutions. According to the company, this approach delivers pricing spreads and liquidity comparable to established derivatives marketplaces.
The system processes order execution, margin calculations, and position liquidations instantaneously. Ondo maintains that transaction speeds rival the industry’s fastest centralized cryptocurrency exchanges while preserving decentralized architecture.
Beyond tokenized securities, the platform accommodates stablecoins as acceptable collateral forms. Users maintain flexibility in selecting their preferred margin posting methods.
Ian De Bode, serving as President of Ondo Finance, characterized the platform as “the first time a permissionless equity perps platform has been built with the infrastructure required to unlock liquidity, speed, and capital efficiency comparable to traditional derivatives markets.”
Market Traction and Recent Developments
Ondo Global Markets, the tokenized equity infrastructure powering the initiative, has experienced approximately 5% weekly expansion since its September 2025 introduction. The platform now commands over $1 billion in aggregate value locked.
Just prior to this release, Ondo incorporated tokenized representations of BlackRock’s iShares Core S&P 500 ETF and Micron equity securities. These additions followed a custodial framework established by the SEC in January.
Previously, Ondo extended access to more than 100 American stocks and ETFs on blockchain networks to investors across Asia-Pacific, European, African, and Latin American territories.
Ondo Perps remains unavailable to residents of the United States, Panama, and certain other restricted territories. The platform operates under Ondo Global Panama Inc.
As an incentive for early adoption, Ondo has allocated $150,000 in USDC rewards tied to trading volume generated during the inaugural week.
This launch positions Ondo Perps as a challenger to established cryptocurrency derivatives venues including Ostium and Hyperliquid.
While tokenized equities have traditionally served as passive blockchain-based holdings, Ondo’s innovation transforms them into functional collateral within an active derivatives ecosystem.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
