Ondo Enters Perps Market, Accepts Tokenized Stocks as Collateral
Ondo has entered the perpetual futures market by allowing tokenized stocks to serve as collateral, challenging rivals like Hyperliquid and Coinbase.
Issuer
Ondo
Asset Class
Tokenized Stocks
Use Case
Collateral for Perps
Competitors
Hyperliquid, Coinbase
Ondo is expanding its utility within the decentralized finance sector by enabling tokenized equities to back perpetual futures positions. This move positions the platform to compete directly with major exchanges such as Hyperliquid and Coinbase in the derivatives space.
Original summary by the Intergalactic Newsroom based on the cited source; read the source for full details. Not investment advice.