Ondo Perps Expands with Spot Trading for Tokenized Stocks

Ondo Finance has made significant strides in its tokenized stock ecosystem by introducing spot trading on Ondo Perps, bringing equities, collateral, and derivatives together on one platform.

The new development allows eligible users outside the United States to trade tokenized stocks through a spot central limit order book while keeping derivatives activity on the same platform. This integration can improve capital efficiency for strategies combining spot and perpetual positions.

The initial rollout includes 12 tokenized assets covering commodities, individual equities, and ETFs such as silver, gold, Micron, Tesla, Circle, NVIDIA, SpaceX, SanDisk, Alphabet, the S&P 500 ETF, Invesco QQQ, and the Roundhill Memory ETF.

Traders can now buy an Ondo Stock, use that position as collateral, and short the corresponding perpetual contract. This creates a basis-trading framework where the spot asset provides both market exposure and collateral while the perpetual position can be used to hedge directional risk.