Ondo Perps Opens 20x Trading as Tokenized Stocks Enter DeFi Collateral

Ondo Perps launches 20x equity perps, letting traders use tokenized stocks, ETFs, and stablecoins as collateral.

Ondo Perps has opened with up to 20x leverage on equity perpetual markets. The platform also accepts tokenized stocks and ETFs as collateral.

The launch covers equities, indices, and commodities for eligible traders in approved regions. Trading is designed to run daily, without expiry dates or closing hours.

Ondo said the platform processed nearly $2 billion during its private beta. The figure shows early activity before the wider pre-alpha opening.

The company also announced up to $3 million in rewards for users. However, access excludes the United States, Panama, and other prohibited areas.

Ondo Perps Brings Equity Perps On-Chain

Ondo Perps allows eligible users to trade equity perpetual contracts with up to 20x leverage. 

The product covers markets linked to equities, indices, and commodities. Therefore, it brings familiar market exposure into an on-chain trading setting.

Unlike traditional exchanges, the platform does not follow normal market hours. 

Trading is available at all times for approved users. This structure also removes expiry dates from the contracts offered.

The platform is aimed at traders managing active market positions. It also offers tools for handling risk in one venue. Still, leverage can raise losses when prices move sharply.

Tokenized Stocks Enter Collateral Use

Ondo Perps allows tokenized stocks and ETFs to be posted as collateral. 

Stablecoins can also be used beside those tokenized assets. As a result, traders can use more than one collateral type.

The design builds on Ondo Global Markets, which uses just-in-time liquidity. This model connects trading activity with depth in underlying markets. 

It also reduces the need for large pre-funded asset pools. Market makers can quote prices using real market depth. 

They can also hedge positions by posting tokenized stocks as collateral. This setup allows one capital pool to support several trading needs.

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Private Beta Shows Early Trading Demand

Ondo said almost $2 billion in volume traded during the private beta. The figure came before the platform opened to more eligible users. 

It also showed early demand for equity perps tied to tokenized assets. The platform remains closed to users in restricted jurisdictions. 

These areas include the United States, Panama, and other banned regions. Meanwhile, eligible global traders can access the pre-alpha product.

Tokenized securities remain an expanding part of the real-world asset market. 

Ondo Perps adds a trading layer through perpetual contracts. For now, the launch places tokenized stocks inside DeFi collateral markets.

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