Ondo Seeks SEC and CFTC Approval for Stock Perpetual Futures
Ondo Finance has filed comment letters with the SEC and CFTC to bring stock perpetual futures into the US market.
The company argues that existing laws are broad enough to cover these products, which allow for 24/7 equity leverage on-chain and a direct bridge between Wall Street and the crypto world.
Ondo's Panama-based affiliate has already seen success with stablecoin-settled stock perpetuals, recording $8 billion in cumulative volume just six weeks after launch.