Ondo Launches Tokenized Gold, Silver Collateral for Perpetual Futures

Ondo Finance has launched tokenized gold and silver collateral for perpetual futures on its platform. This move allows users to hedge against price movements in precious metals.

The launch is part of Ondo's efforts to expand its offerings in the financial markets, including providing institutions with a private, verifiable execution layer for high-speed financial applications.

Ondo has also announced that its U.S. Dollar Yield Token (USDY) is now live on BNB Chain, offering instant minting and redemptions, as well as cross-chain capabilities.