@OndoFinance has confirmed June 9 as the go-live date for @OndoPerps, its perpetual futures platform built on top of tokenized US equities, ETFs, and commodities. The announcement marks a con
@OndoFinance has confirmed June 9 as the go-live date for @OndoPerps, its perpetual futures platform built on top of tokenized US equities, ETFs, and commodities. The announcement marks a concrete deadline for one of the more closely watched product launches in the real-world asset space this year.
Non-US users will be able to trade tokenized US stocks and ETFs round the clock with up to 20x leverage. Accessible names at launch include Nvidia, Apple, and Tesla. The platform will only be available outside the US and will also bar access to users in sanctioned regions.
Perpetual futures are derivative contracts that allow traders to speculate on asset prices without an expiration date, and until now these instruments have primarily been used for cryptocurrencies such as Bitcoin and Ethereum. Ondo Perps extends the model to tokenized real-world assets.
The platform's core differentiator is how it handles collateral. Ondo Perps introduces a capital-efficient model allowing traders to use tokenized securities as collateral rather than stablecoins alone. In practice, that means a trader can back a leveraged position with tokenized stock or one of Ondo's Treasury products rather than parking cash in an idle stablecoin.
Unlike existing venues that rely solely on stablecoins, Ondo Perps will allow tokenized stocks and ETFs to be posted as collateral, a design meant to attract market makers, deepen liquidity, and enable more sophisticated trading strategies. That distinction addresses a gap that has held back earlier attempts at onchain equity derivatives.
Ondo Perps also leverages Ondo Global Markets to access spot asset liquidity on traditional exchanges, further enhancing liquidity.Ondo's longer-term ambition is onchain prime brokerage, with perpetuals described as just the first step toward recreating traditional prime brokerage services onchain.
Perpetual futures have become one of the fastest-growing sectors in the crypto industry, growing into an $86 trillion market, while in traditional finance Ondo estimates the futures market to be worth a quadrillion dollars. The June 9 launch will test whether that appetite translates to tokenized equity underlyings.
Sources:Ondo Finance: Introducing Ondo PerpsTheStreet Crypto: Ondo unveils Ondo Perps for equity perpetual futures tradingCrypto Briefing: Ondo expands RWA push with equity perps, day one IPO access, and MetaMask rollout
