Ondo Perps Launches Tokenized Stock Collateral Feature; Trading Volume Exceeds $3.8B

ONDO11.65%
SPYON0.50%
QQQON1.09%
According to Odaily, perpetual futures platform Ondo Perps has launched a tokenized stock collateral feature allowing users to deposit Ondo Stocks tokens as margin for derivative positions. The feature initially supports tokenized S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon). Users can now leverage tokenized stocks for derivatives trading without converting funds to stablecoins or selling existing assets. Ondo Perps reported cumulative trading volume exceeding $3.8 billion, with traders primarily seeking single-platform equity hedging, deeper liquidity, lower spreads, CEX-like execution speed, round-the-clock trading, and leverage up to 20x.
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