Ondo Finance Opens Permissionless Derivatives Access to Global Traders @OndoFinance has officially launched @OndoPerps, a perpetual futures platform purpose-built for tokenized real-world ass
@OndoFinance has officially launched @OndoPerps, a perpetual futures platform purpose-built for tokenized real-world assets (RWAs). The platform offers round-the-clock trading on a range of popular US equities and commodities, including $NVDA, $TSLA, and $XAU, with leverage of up to 20x available to eligible users.
The platform targets non-US users worldwide, offering 24/7 trading of perpetual futures on prominent US equities and ETFs with leverage up to 20x.Due to regulatory considerations, the platform is available exclusively to users outside the United States.
The launch is notable for its collateral structure. It lets non-US users trade major US stocks, ETFs, and commodities around the clock with leverage, using tokenized securities themselves as collateral. This departs from the industry norm, where most decentralized derivatives platforms rely on stablecoins such as USDC for margin. The system also supports cross-collateralization: a basket of different tokenized securities can collectively back a single perpetual position, giving traders more flexibility in how they allocate margin.
Ondo describes the platform as the first perpetual trading platform specifically designed for real-world assets. The structural significance lies in the collateral model. By allowing tokenized stocks to serve as margin directly, Ondo aims to keep more capital deployed inside the ecosystem rather than sitting idle in stablecoin balances waiting for a trade.
At launch, Ondo Perps supports perpetual futures on a broad lineup of assets, including AAPL, AMD, AMZN, COIN, GOOGL, META, MSFT, MSTR, NFLX, NVDA, ORCL, PLTR, QQQ, TSLA, XAU, and XAG.More stocks, funds, and commodities are planned for future additions, expanding the platform's coverage over time.
The launch builds on Ondo's broader dominance in the tokenized asset space. Its tokenized stock platform, Ondo Global Markets, holds more than 70% market share among tokenized equity issuers, according to RWA.xyz.That platform crossed $1 billion in total value locked on May 11, which Ondo said made it the first tokenized stock platform to hit the mark in under eight months, with TVL having doubled since January 2026.
According to CEO Ian De Bode, Ondo Finance is positioning itself to move beyond its original focus on asset tokenization, with ambitions to broaden into trading services, prime brokerage, and asset management, building a comprehensive blockchain-based financial infrastructure.
SourcesTheStreet Crypto: Ondo is bringing leveraged stock trading on-chain with Ondo PerpsCoinSpot: Ondo Finance prepares to launch Perps for the RWA marketMetaverse Post: Ondo Finance to launch Ondo Perps, a perpetual trading platform for tokenized RWAs
