Ondo Perps adds spot trading for 12 tokenized stocks and ETFs

Ondo Perps just quietly built something that traditional finance has spent decades trying to get right: a single venue where you can buy an asset and hedge it without ever moving funds to a second platform. The perpetual futures arm of Ondo Finance launched spot trading for 12 tokenized stocks and ETFs on September 28, enabling users to purchase tokenized versions of US equities at market prices on its central limit order book. The twist that matters: those freshly purchased tokens can be deployed as collateral for perpetual futures positions on the same platform, instantly. Basis trading without the headache The integration solves a problem that’s been quietly annoying sophisticated crypto traders for years. Running a basis trade, going long on a spot asset while shorting its perpetual contract, has traditionally required accounts on multiple venues, separate margin pools, and the counterparty risk that comes with spreading capital across platforms. Ondo Perps collapses that into a single workflow. A trader can now buy a tokenized stock, post it as margin, and open a short perp position against it, all without transferring assets between systems. Delta-neutral strategies become si...