Ondo Perps Expands Services with Spot Trading for 12 Tokenized Stocks

Ondo Perps has expanded its services by launching spot trading for 12 tokenized stocks and ETFs. This move allows eligible traders, excluding those in the U.S., to purchase tokens and use them as collateral for perpetual futures positions on the same platform.

The platform's changelog records the opening of SPYon and QQQon collateral support to all eligible users in July, followed by more assets in August. The 12 tokenized stocks and ETFs now available for spot trading include NVIDIA ($NVDAon), Tesla (TSLAon), Alphabet (GOOGLon), Micron (MUon), Circle (CRCLon), SpaceX (SPCXon) and Sandisk (SNDKon).

The launch follows near.com's addition of Ondo tokenized stocks on Sept. 22, extending the venues through which users can buy these assets. The spot documentation says purchases are fully funded and settle in $USDC.