Ondo Perps Expands Collateral Options with Tokenized Stocks

Ondo Perps has expanded its collateral options to include tokenized stocks from Circle, SpaceX, and SanDisk. This move marks another step in the increasing utility of tokenized equities within decentralized finance (DeFi).

Tokenized stocks can now be used as collateral for perpetual futures positions on Ondo Perps, allowing traders to maintain exposure to a particular stock while using its value to support another position. This creates potential use cases such as hedging and basis trading.

Ondo described the combination of spot assets and perpetuals as an early form of onchain prime brokerage.