Ondo Perps Adds Spot Trading for 12 Tokenized Stocks and ETFs

Ondo Finance has expanded its Ondo Perps platform by launching spot trading for 12 tokenized stocks and ETFs, including assets like NVIDIA, Tesla, and gold-linked tokens. This development allows eligible non-U.S. traders to purchase these tokens directly on the platform using USDC and immediately utilize them as collateral for perpetual futures positions. By integrating spot and derivatives trading, the platform enables users to maintain long exposure while simultaneously hedging through short positions without needing separate stablecoin collateral. The system utilizes an offchain matching engine with onchain settlement, supporting assets on Ethereum and Arbitrum. This move represents a significant evolution in RWA utility, as it transforms tokenized securities from passive holdings into active margin collateral. The platform applies specific risk management measures, such as asset-specific haircuts ranging from 10% to 25%, to account for potential price divergence. This integration highlights the growing trend of creating unified trading environments where real-world assets serve as the foundational liquidity for decentralized derivatives markets.