Ondo Perps Unleashes Spot Trading for Tokenized US Equities
Ondo Perps has expanded its offerings by introducing spot trading for 12 tokenized stocks and ETFs, allowing users to purchase tokenized versions of US equities at market prices on its central limit order book.
This integration eliminates the need for users to hold separate accounts on multiple platforms, reducing counterparty risk and enabling delta-neutral strategies. Traders can now buy a tokenized stock, post it as margin, and open a short perp position against it, all without transferring assets between systems.
The tokenized assets are backed by underlying securities held at US broker-dealers or trust companies, adding a layer of institutional-grade custody to the DeFi product. Ondo Perps previously introduced 24/7 perpetual futures trading on US equities, ETFs, and commodities with leverage up to 20x in July 2026.
To accelerate adoption, Ondo is waiving trading fees for the first 30 days after the spot feature launch. However, access to the tokenized asset trading is limited to non-US eligible users and jurisdictions due to US securities law restrictions.