thestreet.com
Ondo Finance, the popular real-world asset (RWA) tokenization platform, announced on Feb. 3 that it is soon launching Ondo Perps to allow users outside the United States to trade perpetual futures on leading U.S. stocks 24/7.
Tokenization is the process of digitally representing the ownership of RWAs like stocks, funds, etc., as digital tokens on a blockchain and offering fractional ownership of these assets to prospective investors.
Non-U.S. users will be able to trade tokenized U.S. stocks and exchange-traded funds (ETFs) round-the-clock with up to 20 times leverage on Ondo Perps.
Upon launch, traders will be able to buy perpetual futures on stocks, funds, and commodities, including:
- Apple (Nasdaq: AAPL)
- Advanced Micro Devices (Nasdaq: AMD)
- Amazon (Nasdaq: AMZN)
- Coinbase (Nasdaq: COIN)
- Circle Internet Group (NYSE: CRCL)
- Alphabet (Nasdaq: GOOGL)
- Robinhood Markets (Nasdaq: HOOD)
- Intel Corporation (Nasdaq: INTC)
- Meta Platforms (Nasdaq: META)
- Microsoft Platforms (Nasdaq: MSFT)
- Strategy (Nasdaq: MSTR)
- Netflix (Nasdaq: NFLX)
- Nvidia (Nasdaq: NVDA)
- Oracle (NYSE: ORCL)
- Palantir Technologies (Nasdaq: PLTR)
- Invesco QQQ Trust (Nasdaq: QQQ)
- Tesla (Nasdaq: TSLA)
- Silver (XAG)
- Gold (XAU)
Ondo Perps will allow tokenized securities to be used as collateral
Ondo Perps is the first capital-efficient platform of its kind, which will allow traders to use tokenized securities as collateral, not just stablecoins, the company said.
Though perpetual futures have become one of the fastest-growing financial instruments in crypto markets and generated approximately $86 trillion in derivatives trading volume in 2025, Ondo thinks existing perpetual trading platforms haven't achieved meaningful adoption.
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The tokenization platform said Ondo Perps’ breakthrough technology achieves "unmatched levels of capital efficiency."
It allows tokenized securities to be used as collateral so that there are no duplicated reserves and previously locked capital can be deployed productively.
Not only that, Ondo Perps leverages Ondo Global Markets to access the spot asset liquidity on traditional exchanges to further enhance liquidity. Ondo said the platform is built to offer best-in-class liquidity, supporting real-time risk controls that safeguard protocol solvency.
Ondo Finance founder and CEO Nathan Allman said, “As the lead technology developer, we're excited for the launch of Ondo Perps and its platform for 24/7 leveraged access to perpetual futures on leading U.S. stocks, funds, and commodities.”
He added, "Unlike previous onchain equity derivatives platforms held back by fragmented capital and shallow liquidity, Ondo Perps is the first to accept tokenized securities as collateral, unlocking unprecedented capital efficiency and liquidity."
Ondo Global Group parent company's director, Matt Taber, said, “By enabling perpetual futures on leading U.S. equities and ETFs with tokenized securities as collateral, this platform helps bring deeper liquidity, greater efficiency, and more seamless access to financial markets onchain."
He added, "We’re grateful to Ondo Finance’s support in developing the technology that makes this platform possible."
Ondo Global Group will make Ondo Perps available only outside the U.S.