Ondo Perps Launches Spot Trading for Tokenized Stocks and ETFs
Ondo Perps, a perpetual futures platform developed by Ondo Finance (ticker: ONDO), has introduced spot trading for tokenized stocks and ETFs on its central limit order book. This marks the first time these assets are available for permissionless spot trading outside the United States. The feature allows traders to buy, hold, and hedge within one ecosystem—using tokenized equities as collateral for perpetual futures positions or shorting derivatives in basis trades. The platform initially supports twelve assets including NVIDIA (NVDA), Tesla (TSLA), Alphabet (GOOGL), SpaceX, Circle (CIR), Micron Technology (MU), Sandisk, S&P 500 ETF (SPY), Invesco QQQ (QQQ), Roundhill Memory ETF (DRAM), and gold/silver via SPDR Gold Shares (GLD) and iShares Silver Trust (SLV). Spot trading is currently fee-free for the first 30 days. This integration enhances capital efficiency by allowing a single asset to serve dual purposes—spot exposure and margin backing. It also benefits market makers, who can hedge positions with reduced capital requirements.
Tickers: $GLD $GOOGL $MU $NVDA $SLV $TSLA $WDC
Topics: basis trade capital efficiency perpetual futures spot trading tokenized stocks