Overview
- Ondo unveiled Ondo Perps for perpetual futures on equities and commodities, enabling tokenized stocks and ETFs to be posted as collateral.
- President Ian de Bode reported more than $2 billion in tokenized U.S. Treasuries and about $600 million in tokenized stocks and ETFs, representing roughly 60% of that market.
- Retail participation has grown with net inflows on all but three days since the tokenized stocks platform launched in September.
- Distribution is expanding through integrations with Binance Wallet and a new MetaMask rollout, with uptake particularly strong in Asia.
- The company frames perpetuals as the first step toward an on-chain prime brokerage and highlights partnerships with Mastercard and JPMorgan while prioritizing infrastructure over near-term monetization.