Ondo Finance launches perps with tokenized stock collateral

Ondo Finance has launched a new perpetual futures trading platform that, for the first time, allows traders to use tokenized stocks as collateral. The platform, called Ondo Perps, went live for pre-alpha users outside the United States and other restricted jurisdictions on July -7, 2026. It offers up to 20x leverage on a range of assets, including U.S. stocks, exchange-traded funds, and commodities, and operates 24 hours a day, seven days a week.

The service enables eligible traders to post tokenized versions of equities like Apple, Tesla, and Nvidia as margin to open leveraged positions, eliminating the need to convert these assets into cash or stablecoins. This marks a significant expansion of utility for tokenized real-world assets, which have traditionally been held as passive on-chain investments. Ian De Bode, President of Ondo Finance, stated that the platform is built to deliver liquidity and capital efficiency comparable to traditional derivatives exchanges. He added that blockchain infrastructure is creating a more flexible investment experience by removing limitations associated with conventional brokerage services.

To encourage early adoption, Ondo is offering a share...