BlockBeats News, July 21, According to official sources, Ondo Perps has announced the launch of tokenized stock collateralization. All users can now use Ondo Finance tokenized stocks as valid collateral assets to support perpetual contract trading. The first batch of supported assets includes the tokenized versions of the S&P 500 ETF (SPYon) and the Nasdaq 100 ETF (QQQon). Ondo has stated that the trading volume on its perpetual contract platform has exceeded $3.8 billion. As traders' demand for on-chain stock derivatives increases due to the platform's single point of hedging, deep liquidity, low spreads, low slippage, trading speed close to centralized exchanges (CEX), and 24/7 trading, the on-chain stock derivatives market is rapidly expanding.

Ondo mentioned that the tokenized stock collateralization mechanism allows traders to obtain exposure to other markets without the need to keep funds in stablecoins or sell existing assets, thereby improving capital efficiency. This feature is part of Ondo's "productive capital" strategy, aimed at gradually aligning the liquidity and capital efficiency of tokenized stocks and stock perpetual contracts with the traditional derivatives market. The company stated that the current trading and margin infrastructure built on tokenized assets are just the beginning of a broader on-chain prime brokerage ecosystem, with plans to introduce more markets, liquidity products, and innovative features in the future.