Spot Trading Goes Live on Ondo Perps @OndoPerps has officially enabled spot trading for its Ondo Stocks suite, giving traders a single platform from which to execute basis trade strategies on
@OndoPerps has officially enabled spot trading for its Ondo Stocks suite, giving traders a single platform from which to execute basis trade strategies on tokenized real-world assets. The move marks the first time Ondo Stocks have traded on a permissionless central limit order book (CLOB).
The launch covers 12 tokenized assets, including $GLDON, $NVDAon, and $SPYON. Traders can now pair spot holdings with perpetual shorts to capture funding rates, using the underlying equity tokens directly as collateral, removing the need to convert positions into stablecoins or move capital across multiple venues.
The platform is the first of its kind to allow tokenized stock and ETF holdings to be posted directly as collateral for derivatives positions, eliminating the need to park separate capital across multiple platforms.
By consolidating long exposure and short position management onto one CLOB, the platform reduces counterparty risk tied to cross-platform position management while improving overall capital efficiency. Ondo said traders can "deploy capital in size, run sophisticated strategies, and seamlessly manage risk all on a single platform that eliminates the constraints of traditional derivatives venues."
Ondo Stocks already enables 24/7 permissionless transfers of tokenized stocks and ETFs, allowing eligible users to hold, transfer, and use these assets across supported wallets, exchanges, custodians, and protocols at any time, so tokenized stocks can move through the on-chain economy even when traditional U.S. equity markets are closed. The addition of spot trading on a CLOB deepens that infrastructure, giving traders a more complete set of tools within the same ecosystem.
Ondo Finance CEO Ian De Bode has described the broader strategy as building an on-chain prime brokerage, where tokenized spot holdings, lending, and leveraged derivatives all operate inside the same capital-efficient infrastructure.
Ondo Stocks offers tokenized economic exposure to hundreds of U.S.-listed stocks and ETFs, spanning categories from large-cap technology names such as NVIDIA and Alphabet to ETFs tracking the S&P 500 and Nasdaq-100.Ondo tokenized stocks are freely transferable on-chain outside the U.S. across Ethereum, BNB Chain, and Solana, and can be used in DeFi protocols that support them.
Sources:TheStreet Crypto: Ondo Perps launches as the first perp platform with tokenized stock collateralThe Block: Ondo Finance says tokenized stocks can now be used as collateral for perp tradingOndo Finance Blog: Real 24/7 Trading for Tokenized Stocks
