Ondo Finance launches perpetual derivatives trading with up to 20x leverage on major assets.
DeFi & Yields ·
Ondo Finance has expanded its offering by permitting tokenized stocks to function as collateral in perpetual futures markets. The move builds on the platform's prior launch of continuous blockchain-based access to over 100 U.S. stocks and exchange-traded funds. The protocol now allows traders to post these tokenized equities against derivative positions, integrating real-world asset tokens into its leveraged trading infrastructure.
The integration creates a mechanism whereby holders of Ondo's stock tokens can deploy them as margin without converting to stablecoins or other collateral types. This reduces friction for users already holding positions in the tokenized securities and potentially increases capital efficiency. The mechanism connects the cash equity and derivatives layers of the platform, allowing a single asset class to serve dual purposes across its product suite.
The specific leverage ratios available for individual assets and the full range of tokenized instruments eligible as collateral remain incompletely detailed in available reporting. It is also unclear whether this collateral option applies to all perpetual pairs or a subset of markets Ondo operates.