Ondo launched Ondo Perps, offering up to 20x leverage on perpetual futures for equities, commodities, and indices, with support for tokenized stocks as collateral. All markets trade 24/7 with no expiry dates. Pre-Alpha users can post SPYon and QQQon as margin.

The launch enabled capital efficiency, where a tokenized stock serves as both the hedge and the collateral simultaneously, roughly halving the capital required for the same quoting exposure. The platform is accessible globally outside the US with available markets spanning oil, gold, silver, Apple, Nvidia, Tesla, Microsoft, and Amazon. Ondo is offering $150,000 in USDC rewards to be distributed based on first-week trading activity.

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