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- Ondo Perps launched spot trading for 12 tokenized stocks, ETFs and commodity-linked products from Ondo Stocks on Sept. 28.
- Eligible users outside the U.S. can now buy these tokenized assets and use them as collateral for derivatives positions.
- Ondo Stocks tokens provide economic exposure to corresponding securities through backing arrangements tied to stocks, ETFs or cash.
Ondo Perps has launched spot trading for 12 tokenized stocks, ETFs and commodity-linked products from Ondo Stocks, expanding the platform beyond perpetual futures. Eligible users outside the U.S. can now buy the tokenized assets and use them as collateral for derivative positions on the same platform.
Ondo Perps said the launch marks the first time Ondo Stocks have been available on a permissionless spot central limit order book for eligible users outside the U.S. The platform began offering the new markets on Sept. 28.
Twelve Ondo Stocks Markets Go Live
The initial lineup includes tokenized exposure to Tesla, Nvidia, Alphabet, Circle, Micron, Sandisk and SpaceX. It also includes tokenized versions of the SPDR S&P 500 ETF, Invesco QQQ, and Roundhill Memory ETF, alongside gold and silver products.
Ondo Stocks tokens are designed to provide economic exposure to corresponding securities, with backing arrangements tied to stocks, ETFs, or cash held through financial institutions. They are distinct from directly holding conventional shares through a brokerage account.
Tokenized Stocks Can Be Used as Collateral
Users can move eligible spot holdings into the collateral supporting perpetual futures positions. Ondo Perps says this allows traders to maintain exposure to a tokenized asset while using the same position to support derivatives trades.
The structure also allows traders to pursue basis strategies, such as holding a tokenized stock while shorting its corresponding perpetual contract. Returns from such strategies depend on factors including funding rates, asset prices and trading costs.
Ondo Expands Beyond Perpetual Futures
Ondo Perps launched in July with perpetual contracts tied to equities, ETFs, and commodities and support for up to 20x leverage. The platform is available to eligible users outside the U.S. and other restricted jurisdictions.
The spot launch extends Ondo’s broader push to move traditional-market exposure onchain. Ondo Stocks currently offers more than 450 tokenized stocks and ETFs across Ethereum, Solana and BNB Chain, while only a smaller group is initially available through the new Ondo Perps spot markets.
