Key Takeaways
- Ondo Finance has launched Ondo Perps, the first capital-efficient platform offering on-chain perpetual futures for U.S. stocks, ETFs, and commodities.
- The platform enables 24/7 trading with up to 20x leverage, using tokenized securities as collateral and supporting cross-collateralization.
- Available to non-U.S. users only, Ondo Perps strengthens Ondo Finance’s position as a leader in real-world asset (RWA) tokenization and on-chain derivatives.
Ondo Finance, a leading innovator in real-world asset (RWA) tokenization, has officially launched Ondo Perps, positioning it as the first capital-efficient platform for perpetual futures on leading U.S. stocks, ETFs, and commodities.
The unveiling took place during the Ondo Summit on February 3, 2026, representing a major advancement in merging traditional equity derivatives with on-chain finance.
As outlined in Ondo Finance’s official blog post “Introducing Ondo Perps: The First Capital-Efficient Platform for Equity Perpetual Futures,” the platform targets non-U.S. users worldwide, offering 24/7 trading of perpetual futures on prominent U.S. equities and ETFs with leverage up to 20x from the outset. This directly tackles persistent issues in the equity perps space—such as limited liquidity and capital inefficiency—that have limited widespread use, even as the crypto perpetuals market reaches $86 trillion in notional volume and traditional derivatives exceed quadrillions in scale.
Core Features and Innovations
Ondo Perps harnesses Ondo’s battle-tested institutional infrastructure to provide top-tier execution, substantial liquidity, and superior capital efficiency. Standout features include:
- Tokenized Securities as Collateral: Traders can use tokenized U.S. stocks, ETFs, and other securities directly as margin, enabling far more efficient capital deployment than traditional crypto-only models.
- Cross-Collateralization: Margin positions across multiple assets, reducing fragmentation and optimizing portfolio usage.
- Up to 20x Leverage: Supported on major U.S. names right from launch, backed by deep liquidity to ensure tight spreads and minimal slippage.
- 24/7 Continuous Trading: True always-on access, independent of conventional stock exchange hours.
- Support for Corporate Actions: Built-in handling of dividends, stock splits, and other equity events to more faithfully replicate real-world behavior.
The platform runs on a “supercharged tech stack” derived from Ondo’s established systems, aiming to open the “next frontier in capital markets” by blending centralized-exchange-grade liquidity with blockchain’s transparency and efficiency.
Initial Launch Assets & Access
At launch, Ondo Perps will support perpetual futures on a strong lineup of high-demand assets, including: AAPL, AMD, AMZN, COIN, CRCL, GOOGL, HOOD, INTC, META, MSFT, MSTR, NFLX, NVDA, ORCL, PLTR, QQQ, TSLA, XAU, and XAG. Many more stocks, funds, and commodities perps are planned for future additions, expanding the platform’s coverage over time.
The PERP feature will launch soon, and users can Join the waitlist today to secure priority access at ondoperps.xyz. Due to regulatory considerations, the platform is available exclusively to users outside the United States.
Strategic Context and Broader Ecosystem
This rollout builds on Ondo Finance’s momentum in tokenized assets, where the protocol has become one of the largest providers of both tokenized Treasuries and U.S. stocks, with total value locked exceeding $2.5 billion. Ondo Perps complements other summit announcements, such as Ondo Global Listing for day-one IPO tokenization and a significant MetaMask partnership that delivers over 200 tokenized U.S. stocks, ETFs, and commodities directly into the self-custodial wallet for eligible non-U.S. users.
Bottom Line
As tokenized RWAs continue to surge past multi-billion-dollar milestones, Ondo Perps positions the protocol as a frontrunner in expanding on-chain derivatives beyond crypto-native assets into mainstream equities and commodities. With waitlist access now live, the platform is set to roll out in the coming period, further solidifying Ondo Finance’s role in reshaping global capital markets
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.
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