Ondo Perps has officially launched, supporting up to 20x leverage on perpetual stock contracts.

BlockBeats News, July 7th, Ondo Perps has officially launched, supporting up to 20x leverage on stock perpetual contracts, allowing the use of tokenized stocks as collateral, and providing up to $3 million in bonuses.

Ondo Perps stated that Ondo's technology has previously driven the development of tokenized stocks. Currently, its perpetual contract market covers assets such as oil, gold, silver, Intel, AMD, Meta, Tesla, Apple, Circle, Nvidia, Oracle, Netflix, DRAM, Micron, US 100, US 500, SpaceX, Palantir, Amazon, Strategy, Alphabet, Coinbase, Microsoft, and Robinhood, supporting 24/7 permissionless trading.

Ondo Perps described itself as the first platform to allow tokenized stocks as collateral, currently open to Pre-Alpha users. RWA perpetual contracts can be traded on the platform, aiming to provide liquidity and capital efficiency close to traditional derivatives trading platforms.

Ondo Perps stated that traders can deploy large-scale capital, execute complex strategies, and manage risks on a single platform without the expiration and closing time restrictions of traditional derivatives exchanges. The platform is currently open to global users outside the United States, Panama, and other restricted jurisdictions.