Ondo Finance launches tokenized US equity perpetual futures, up to 20x leverage

Ondo Finance has introduced Ondo Perps, an on‑chain platform that lets eligible non‑U.S. traders take perpetual futures positions on tokenized U.S. stocks, ETFs and commodities with leverage of up to 20‑times. The initial offering includes major equities such as Apple, Nvidia, Tesla, Microsoft and others, as well as tokenized gold and silver. Trading is available 24 hours a day, and the protocol handles corporate actions like splits and dividends. Restrictions apply for U.S. citizens due to regulatory requirements. Ondo cites a potential market of more than $59 trillion when combining global equities, commodities and index assets, and positions the service against similar products from Kraken and Coinbase, which also offer regulated tokenized equity futures.

The launch is accompanied by a $3 million rewards campaign and a $150 000 USDC incentive pool for the launch week. The ONDO token currently trades around $0.33, holding above a long‑standing ascending trendline and facing technical resistance near $0.38. Analysts note that a decisive breakout could push the price toward $0.55 and higher if demand for the new perpetual contracts accelerates.