Ondo Finance Unlocks Tokenized Stocks as Collateral for Perpetual Futures Trading

Ondo Finance has expanded its Perps platform to allow traders to use tokenized stocks as collateral for perpetual futures trading. This update is part of the company's broader efforts to increase the utility and adoption of tokenized real-world assets.

The new feature, which currently supports pre-alpha users outside restricted jurisdictions, offers up to 20x leverage across supported contracts. Traders can now access markets 24/7 with tokenized stocks supporting collateral requirements, similar to traditional derivatives exchanges.

Ondo Finance has also launched a $150,000 USDC rewards program to encourage early trading activity on the platform. The campaign aims to incentivize pre-alpha users to try out the new feature and provide feedback before wider platform availability.

The update follows Ondo Finance's recent expansion into tokenized U.S. stocks and ETFs under the SEC's custodial framework. This move is seen as a step towards creating a more seamless and efficient experience for investors in the blockchain space.