- Ondo Perps has announced its arrival, becoming the first platform to enable perpetual futures trading on tokenized US stocks and commodities.
- Users will be able to trade perpetual commodities with up to 20x leverage.
- In Ondo Perps, users will be able to use their holdings of Ondo token shares directly as collateral, opening the door to efficient leveraged trading without selling their existing positions.
On July 7, Ondo Finance officially announced the launch of Ondo Perps in public beta with an impressive 20x leverage on perpetual shares.
The platform will open the door for non-US users to trade perpetual futures contracts on leading US stocks, ETFs and commodities at any time.
This launch comes at a time of growing excitement around real assets and tokenized securities. Ondo Perps is allegedly the first platform to allow this Token shares As collateral for trading perpetual futures contracts. This feature will allow users to maximize their holdings without selling them. For example, anyone who owns Tesla token shares can use them directly as margin to open a leveraged position on the Nvidia or S&P 500 ETF, which will allow users to maintain the efficiency of their portfolio and take full advantage of it.
“Ondo Perps is the first platform to allow tokenized shares as collateral, and is now available for pre-alpha users. RWA professionals can now trade on a platform designed to provide liquidity and capital efficiency on par with traditional derivatives exchanges.
What are Perpetual Futures on Ondo Perps?
Perpetual futures contracts (PERPS) are derivative contracts that allow traders to speculate on the direction of an asset’s price without owning it and without an expiration date. In perpetual futures, traders can hold their positions for an indefinite period of time, as funding rates help keep the contract price tied to the underlying asset.
At Ondo Perps, their contracts target tokenized versions of real-world stocks and commodities. It also comes with traditional leveraged trading mechanisms in the always-on cryptocurrency environment.
The launch of Ondo Perps follows the success of Ondo Global Markets, which has tokenized more than 430 US stocks and ETFs across chains such as Ethereum, Solana, and BNB Chain. These tokens are backed by actual underlying securities, which are held with regulated custodians. It tracks total returns, including dividends.
In the launch announcement, Ondo Perps will include popular names like Tesla, Apple, Nvidia, SpaceX, US 100 and US 500, along with commodities like oil.
Ondo Perps also revealed that users will be able to earn rewards on the new platform. The platform will offer weekly USDC incentives based on trading activity, with early bonus pools such as $150,000 in USDC in the first week.
“There are multiple ways to earn rewards, starting with a referral program and trading bonuses distributed based on trading activity,” the post stated. “In addition, a new Ondo Points program for fraudulent traders will soon be available.”“
Permanent market grows with regulatory clarity
Ondo Perps was launched immediately after some major developments from US regulators. On May 29, the Commodity Futures Trading Commission (CFTC) approved the first perpetual government-regulated bitcoin futures contract in the United States, offered by Calci. On the same day, the Commodity Futures Trading Commission (CFTC) also gave its approval Coinbase To offer perpetual futures contracts to US customers through an external partner.
While these approvals apply to cryptocurrency products for US investors, Ondo Perps is different because it offers perpetual futures contracts on stocks, but only to traders outside the US, since these products are not permitted for regular US investors.
Amid increasing regulatory clarity around the tokenized asset sector, the perpetual market is expected to boom in the near term due to growing interest from institutional investors.
