@OndoPerps, the perpetual derivatives platform built by @OndoFinance, has crossed $7 billion in cumulative trading volume, with roughly $3 billion of that total arriving after the platform ac
@OndoPerps, the perpetual derivatives platform built by @OndoFinance, has crossed $7 billion in cumulative trading volume, with roughly $3 billion of that total arriving after the platform activated tokenized stocks as collateral for perpetual futures positions.
Ondo Perps launched in July 2026 as the first perpetual futures platform for equities and commodities to support both tokenized equity holdings and stablecoins as collateral for derivatives positions.The platform combines 24/7 trading with leverage of up to 20x, alongside liquidity levels the firm says are comparable to conventional futures and options markets.
Ondo Finance deployed its tokenized stocks as collateral on @OndoPerps starting with SPYon and QQQon, tokenized versions of ETFs tracking the S&P 500 and the Nasdaq-100.The feature lets traders post those tokens as margin rather than converting to stablecoins or selling other holdings. The result is a structure that merges yield-bearing, equity-linked assets with high-frequency leveraged trading, all within a single venue.
Instead of selling tokenized stocks to free up liquidity, users can keep exposure to their holdings while simultaneously opening leveraged perpetual positions.The move targets one of the central questions facing tokenized real-world assets: whether they can become active financial infrastructure rather than static representations of offchain securities. If tokenized stocks can be used as collateral across derivatives markets, they may gain a broader role in trading, margin management, and capital efficiency.
The platform went live on July 7, making it one of the fastest-growing venues focused on real-world asset perpetual futures.Ondo Global Markets, which provides the underlying tokenized equity infrastructure, has grown approximately 5% per week since launching in September 2025 to over $1 billion in total value locked.
The platform supports perpetual contracts on a range of assets, including oil, gold, silver, and tokenized versions of major company stocks such as Intel, AMD, Meta, Tesla, Apple, Nvidia, Oracle, Netflix, Micron, SpaceX, Palantir, Amazon, Alphabet, Coinbase, Microsoft, and Robinhood.The 24/7 permissionless trading is available to traders outside the U.S., Panama, and other prohibited jurisdictions.
Ondo Finance President Ian De Bode said: "We are rapidly approaching an investing experience that is, quite frankly, far better than what a traditional brokerage account can offer." The $7 billion volume milestone suggests early demand for that vision is materializing faster than most expected.
Sources:Ondo Perps Launch Press Release, PR NewswireOndo Finance tokenized stock collateral for perp trading, The BlockOndo Perps breaks past $300M in 24-hour volume, TheStreet
