Ondo Perps Goes Live, Bringing Tokenized Equities and Up to 20x Leverage to Perpetuals Trading
AI Market Summary
Ondo Perps' launch expands onchain derivatives into tokenized stocks, indices and commodities with stablecoin or tokenized equity collateral and up to 20x leverage for non-U.S. users. Claims of TradFi-like depth, tight spreads and CEX-level execution could improve capital efficiency and attract sophisticated flow to Ondo's ecosystem. With broader supported underlyings and reported TVL above $1B, the announcement is a positive catalyst for ONDO-related activity.
Impact level
● Medium
Affected assets
ONDO/USDT+0.42%
AI Insight · ONDO/USDTAI Insight
▲ Bullish
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Ondo Perps has officially launched and is now available to non-U.S. investors, according to the project's announcement.
Positioned as a perpetual futures venue, Ondo Perps allows traders to use tokenized stocks and stablecoins as margin, aiming to boost capital efficiency in on-chain derivatives. The platform highlights three core features: tokenized equities can be posted as collateral without maintaining separate reserves across venues; liquidity depth designed to mirror traditional finance, supporting tight spreads and low slippage; and real-time processing for order routing, margin updates, and liquidations while retaining a decentralized structure.
At launch, Ondo Perps supports stock, index, and commodity exposures including SPCX, MU, NVDA, TSLA, AAPL, gold, and crude oil. The platform offers up to 20x leverage and 24/7 global trading.
Ondo Perps is built on Ondo Finance's technology stack, with Ondo Global Markets supplying the tokenized stock infrastructure. The ecosystem's total value locked (TVL) has surpassed $1 billion.
