Ondo Expands Perps Collateral as Tokenized Stocks Gain a Second Use

Ondo Finance has expanded the utility of its tokenized stock offerings by integrating them as eligible collateral for leveraged trading on the Ondo Perps platform. Traders can now utilize tokenized versions of Circle (CRCLon), SpaceX (SPCXon), and SanDisk (SNDKon) to support perpetual futures positions without needing to liquidate their holdings into USDC first. This development marks a significant shift in the RWA market by allowing investors to maintain market exposure to equity-linked assets while simultaneously accessing leverage. By removing the friction of selling assets to fund margin requirements, the protocol enhances capital efficiency for users engaged in decentralized derivatives trading. This integration demonstrates the growing maturity of tokenized securities, moving beyond simple ownership toward active participation in complex financial strategies. The move highlights how RWA-backed tokens are increasingly being treated as functional financial instruments within the broader DeFi ecosystem. Ultimately, this evolution signals a transition where tokenized stocks serve as foundational collateral, bridging the gap between traditional equity markets and decentralized perpetual trading.