Ondo Finance Launches First Platform to Trade U.S. Stock Perps with Tokenized Shares on July 7

According to TheStreet, Ondo Finance launched Ondo Perps on July 7, the first permissionless platform enabling investors outside the United States to trade perpetual futures on U.S. equities using tokenized stock and ETF holdings directly as collateral. The platform offers up to 20x leverage on widely traded assets including SpaceX (SPCX), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA), Micron (MU), the Nasdaq QQQ ETF, gold, and silver.

Unlike traditional perps platforms that require stablecoins or crypto as margin, Ondo Perps allows traders to deploy tokenized stock holdings as productive capital without moving positions off-chain. Ondo Perps is built on Ondo Global Markets infrastructure, which has grown roughly 5% per week since launching in September 2025 and now holds over $1 billion in total value locked.