Ondo Launches Tokenized Stocks as Perpetual Futures Collateral
Tokenized shares of Apple, Tesla, and commodities like oil and gold are now usable as margin on a 24/7 perp venue, a structural step for real-world assets meeting on-chain derivatives.
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Tokenized shares of Apple, Tesla, and commodities like oil and gold are now usable as margin on a 24/7 perp venue, a structural step for real-world assets meeting on-chain derivatives.
Tokenized treasuries put US T-Bill yield onto blockchains. Backed by short-dated government debt and issued by BlackRock, Ondo, Mountain Protocol and a handful of others — here is how they work and who they are actually for.
The Fund's stability report also flags 24/7 tokenized volatility running roughly 1.5x traditional equities, with 80% of transactions under one share signaling a retail-driven, fractional market.
USYC at $3B, BUIDL at $2.7B and USDY at $2.1B aren't the story; the $15.3B total is the line that turns tokenized Treasuries from experiment into venue.
The framework requires tokenized shares to retain ordinary shareholder rights, setting a higher bar than earlier stock-linked crypto products.
A tokenized stock is usually a structured note, not a share. You get the price exposure but not the share itself, and that gap hides issuer, redemption, and legal risks most users miss.
XAUT and PAXG dropped from nearly 100% to 68% of tokenized assets in a year, with stocks and ETFs absorbing the rest as centralized exchanges roll out retail equity products.
For years the RWA sector has run tokenized equities in offshore venues and grey zones. The temporary SEC exemption now names a defined on-chain path.
A narrow carve-out, but the directional signal is the real story: the SEC is now issuing safe-harbour guidance for onchain venues rather than pursuing case-by-case action.
More than half of tokenized US equity trades happen outside market hours and 80% are for less than one share, but the IMF warns the $2.3B market is 1.5x as volatile as the shares it tracks.
Tokenized stocks settle in seconds instead of T+2, but each speed gain introduces a new custody or regulatory gap. Here is where the risks actually live.
Robinhood has already tokenized 190+ U.S. equities for users in 120+ countries; American investors are still on the outside.
Gate already runs thousands of tokenized stocks; the new 'Gate Stocks' tier adds dividend rights and licensed-broker settlement across three of Asia's and North America's deepest equity markets.
The pace is the signal: a 10x jump in a single week puts Robinhood's tokenized-equity product on a growth curve that rivals the early ramp of spot BTC ETF adoption.
Marketed as 24/7, most tokenized Treasuries actually settle T+1 with minimums and gates. Here's what BUIDL, OUSG, USDY, and USYC can and can't do.
Ondo Finance tokenizes US Treasuries into USDY and OUSG, gated to verified investors. Here's how each product differs and what ONDO the token actually does.
Tokenized treasuries promise 1:1 cash redemption, but the reality involves $250k minimums, T+1 to T+3 settlement, and queues that can stretch over US holidays. Here is what actually happens.
BlackRock's BUIDL and Ondo's OUSG and USDY all tokenize short-duration US Treasuries, but they differ sharply on access, payouts, and chains.
Galaxy cuts CLARITY Act odds to 30% as Samsung Wallet adds stablecoins for 800 million users. Institutions are building infrastructure for a regime that has not yet arrived.
Tokenized T-bills carry yield but settle slower and carry KYC baggage. USDT and USDC are faster and more flexible. Here is how to pick.