Ondo Perps Launched Spot Trading for Tokenized Assets
The platform now allows non-US users to trade 12 tokenized stocks and ETFs.
Updated on Sept. 28, 2026 in Investing
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Ondo Perps has expanded its offerings by introducing spot trading for 12 tokenized stocks and ETFs. This update enables traders to use these tokenized assets as collateral for perpetual futures positions on the same platform.
Why it matters
The integration streamlines basis trading by allowing users to manage both spot positions and short perpetual contracts without moving funds across multiple venues. It represents a shift toward making tokenized securities function as productive collateral within digital asset ecosystems.
The platform supports 12 tokenized assets with up to 20x leverage for perpetual futures. Users can take advantage of a 30-day fee waiver following the launch of the new spot feature.
The players
Ondo Perps
This is a digital asset trading platform that provides perpetual futures and spot trading services for tokenized real-world assets.
The details
Traders purchase tokenized equities through a central limit order book and can subsequently use these holdings as margin to open futures positions. These tokens represent underlying securities held in custody at US-based trust companies or broker-dealers, with access currently restricted to non-US jurisdictions.
Timeline
July 2026: Ondo Perps introduced perpetual futures trading for equities, ETFs, and commodities.
September 28, 2026: The platform launched spot trading for 12 tokenized assets.
September 28, 2026 to October 28, 2026: Trading fees are waived for all platform users.
Market Dynamics
The launch follows the broader industry trend of integrating tokenized real-world assets into digital finance protocols. This move positions the platform to compete with traditional brokerages by bridging the gap between legacy security ownership and decentralized trading capabilities.
Eligible non-US investors can now trade tokenized stocks with greater capital efficiency during the 30-day fee-free period. Participants should note that these assets are restricted to non-US users, impacting accessibility for American-based retail traders.
The takeaway
This development highlights the growing attempt to merge traditional equity markets with crypto-native trading tools. Traders should closely monitor the regulatory status of these tokenized assets as they remain largely unavailable to participants in the United States.
Further reading
Learn more about the evolving landscape of digital assets in our Investing section.
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