Ondo Perps has launched 24/7 spot trading for tokenized stocks and ETFs, allowing traders to use those holdings as collateral for perpetuals and run a basis trade on one platform.
Why it matters
The setup connects tokenized traditional-market exposure with perpetual derivatives in one venue. Traders can hold tokenized stocks or ETFs and use those holdings as collateral rather than separating the spot and derivatives legs across platforms.
Market impact
The launch adds an around-the-clock trading option for tokenized stocks and ETFs. Its stated use case is the basis trade, which pairs spot exposure with a derivatives position; the seed does not specify supported assets, collateral parameters or trading volumes.
Frequently asked questions
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What did Ondo Perps launch?
Ondo Perps launched 24/7 spot trading for tokenized stocks and ETFs.
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Can tokenized stock and ETF holdings be used as collateral?
Yes. The launch allows traders to use their tokenized stock and ETF holdings as collateral for perpetuals.
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What trading strategy does the platform support?
Ondo Perps says traders can run the basis trade on one platform, alongside tokenized spot trading and perpetuals.
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How does the launch connect spot markets and derivatives?
Traders can hold tokenized stocks or ETFs and use those holdings as collateral for perpetuals within the same platform.
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What details about the launch were disclosed?
The announcement describes 24/7 trading, collateral use and the basis-trade feature. It does not specify supported assets, collateral parameters or trading volumes.
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