According to TechFlow, on July 21, official announcements stated that Ondo Perps is now open to all users, with tokenized stock collateral now live, initially supporting SPYon and QQQon. Traders no longer need to convert funds into stablecoins or sell held assets, and can directly use Ondo Stocks tokenized stocks as margin to provide collateral support for perpetual contract positions.
According to the introduction, by providing traders with stock risk hedging within a single platform, deep liquidity for stock perpetual contracts, lower spreads and less slippage, execution speeds close to CEXs, 24/7 trading, and up to 20x leverage, Ondo Perps trading volume has currently exceeded $3.8 billion.
Ondo Perps stated that the tokenized stock collateral function is an important part of its "productive capital" strategy, aiming to improve tokenized stock capital efficiency and promote the liquidity and efficiency of the on-chain stock perpetual contract market to gradually approach traditional derivatives markets. In the future, Ondo Perps will continue to optimize around collateral expansion and other aspects to provide a more complete financial services layer for the tokenized asset ecosystem.
