Ondo Finance just made its boldest play yet. The protocol launched Ondo Perps, a platform that lets traders take perpetual futures positions on tokenized US equities, ETFs, and commodities, all on-chain, all day, every day.
The ONDO token is currently trading around $0.33, reflecting the market activity surrounding the platform’s rollout.
What Ondo Perps actually does
Ondo Perps lets users trade perpetual futures on tokenized versions of traditional equities. The platform offers up to 20x leverage. Traders can use tokenized stocks themselves, like NVDA, TSLA, and AAPL tokens, as collateral to open positions, a meaningful departure from most perps platforms, which typically require stablecoins or native tokens as margin.
The platform entered public beta shortly after its target launch date of June 9, with broader general availability expected in July. It’s primarily aimed at non-US users.
