Ondo Finance says tokenized stocks can now be used as collateral for perp trading
The Block·
60-second summary
Ondo Finance is now enabling tokenized stocks to be used as collateral for perpetual trading, a significant development in the DeFi space. This builds on last year's launch of 24/7 on-chain access to over 100 U.S. stocks and ETFs, further bridging the gap between traditional finance and decentralized markets, potentially expanding liquidity and trading opportunities.
Last year, the tokenized real-world asset issuer launched 24/7 onchain access to more than 100 U.S. stocks and ETFs.