Ondo Finance said its perpetual futures trading platform is the first to allow traders to use tokenized stocks as collateral, according to a post from Tuesday.
The service is available to pre-alpha users of Ondo Perps. "RWA perps can now trade on a platform built to deliver liquidity and capital efficiency on par with traditional derivatives exchanges," the firm added.
Ondo also said the 24/7 permissionless trading will be available to traders outside the U.S., Panama, and other prohibited jurisdictions. The move could also increase the utility of tokenized stocks as they evolve beyond simply being onchain assets into versatile forms of collateral.
"We are rapidly approaching an investing experience that is, quite frankly, far better than what a traditional brokerage account can offer," Ondo Finance President Ian De Bode said in a statement.
Ondo also said it is offering rewards for early trading, including $150,000 worth of USDC for first-week activity.
