Ondo Perps is live for pre alpha users, offering up to 20x leverage on equity, index and commodity markets with tokenized stocks as collateral.
Ondo has launched Ondo Perps, a new onchain derivatives platform that allows eligible users to trade perpetual futures tied to equities, indexes and commodities with up to 20x leverage.
Ondo Perps is live.
Up to 20x leverage on equity perps is here, with tokenized stocks as collateral & up to $3 million in rewards.
Ondo technology first revolutionized tokenized stocks & now powers perps markets for:
✅ Oil
✅ Intel
✅ Gold
✅ AMD
✅ Meta
✅ Tesla
✅ Silver
✅…[pic.twitter.com/Oxfo7ni9JR]— Ondo Perps (@OndoPerps)
[July 7, 2026]
The platform is live for pre-alpha users and supports permissionless trading 24/7/365. Markets include oil, gold, silver, US 100, US 500, SpaceX, Strategy, Coinbase, Circle and DRAM, among other big tech and AI stocks.
The main feature is collateral. Ondo says Perps is the first platform to allow tokenized stocks to be used as collateral for equity perpetuals, giving traders a way to use tokenized real world assets inside leveraged markets instead of relying only on stablecoins.
That design pushes Ondo’s tokenized stock business beyond passive exposure. Traders can post tokenized securities, deploy capital across multiple markets, and manage risk through a single derivatives venue.
The platform is not available in the US, Panama and other prohibited jurisdictions.
Ondo is also launching incentives around the product. The company is offering up to $3 million in rewards, including referral rewards and trading activity rewards. The first week includes $150,000 in USDC reward pools for traders based on activity.
A new Ondo Points program for perps traders is also planned. The rewards campaign is designed to bootstrap early usage and liquidity as the platform moves through its pre alpha stage.
The product also extends Ondo’s broader real world asset strategy. Ondo has been building tokenized securities infrastructure through Ondo Global Markets and Ondo Chain, while positioning tokenized assets as usable DeFi primitives rather than static wrappers.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our