Ondo Launches Perps Beta With Deep Liquidity and Equity Trading

Ondo Finance launches Perps Public Beta, giving approved global traders access to equity perpetual futures with up to 20x leverage.

Ondo Finance has launched the Public Beta for Ondo Perps, opening equity perpetual futures trading to the first wave of approved users. The platform went live this week, with access rolling out to more waitlisted traders soon. 

According to Ondo, the platform offers some of the deepest liquidity currently available in the equity perps market. The launch marks a notable step in Ondo’s push into tokenized financial products, combining crypto-native trading infrastructure with traditional market liquidity.

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Ondo Perps Brings TradFi Liquidity to Crypto Perpetuals

According to the team’s blog, Ondo Perps targets a structural problem that has long limited RWA perpetual markets: shallow, fragmented liquidity. 

On most existing platforms, market makers must split capital between onchain stablecoin collateral and offchain brokerage accounts to hedge positions. That model fragments capital, increases execution risk, and produces wide spreads with minimal depth.

Ondo’s approach centers on tokenized securities as collateral. A market maker providing liquidity on a stock perp can hedge immediately using tokenized securities already held within the system. No separate brokerage account needed. No duplicate capital lockup. 

The company says this dramatically improves capital efficiency and allows liquidity to be sourced from actual TradFi market depth.

Ondo previously applied this model to tokenized spot markets through Ondo Global Markets. At launch, some competing platforms were seeing price impacts of around 200 basis points on a $200k SPY trade. 

Ondo Global Markets cut that figure to roughly 2 basis points by tapping into underlying TradFi liquidity directly. The platform has since grown past $1 billion in TVL.

We’re proud to have developed the technology behind @OndoPerps, now in Public Beta. https://t.co/wUxD3j3DYu

— Ondo Finance (@OndoFinance) June 9, 2026

What Traders Get Access to in the Beta

Public Beta users outside the U.S. can trade perpetual futures on a range of assets. 

Markets are currently live for oil (WTI), gold, silver, and over 20 equities including AAPL, NVDA, TSLA, MSFT, META, GOOGL, AMZN, COIN, and others. Two indices, US100 and US500, are also available. Ondo says more markets are on the way.

The platform supports up to 20x leverage, peer-to-peer transactions, and 24/7 trading hours. Multi-asset collateral is a core feature. 

Beyond stablecoins, over 20 Ondo tokenized stocks and ETFs will be eligible as collateral. SPYon and QQQon are currently available for Pre-Alpha users. Advanced order types and risk controls are actively being built into the platform.

Ondo Perps also allows spot holdings and perpetual positions to coexist on the same platform. A user holding a tokenized stock can hedge that position by opening the opposite perps trade without leaving the platform or converting into stablecoins first.

Ondo Perps Public Beta Goes Live

Ondo (@OndoFinance) has launched the Public Beta for Ondo Perps, giving the first wave of approved users access to equity perpetual trading.

The platform says traders can now access some of the deepest liquidity available in the market.

The… pic.twitter.com/EC1qc77wFz

— BSCN (@BSCNews) June 10, 2026

Ondo Eyes a Multi-Trillion Dollar Derivatives Opportunity

Ondo has framed this launch as more than a product release. The company sees equity perpetuals as a gateway into the broader global derivatives market. 

Traditional futures and options carry fixed expiries, contract rolls, limited market hours, and high onboarding barriers. Perpetuals eliminate all of that while adding continuous leverage on permissionless rails.

The gap, Ondo argues, has been liquidity and execution quality. Traditional venues have held that edge. Ondo Perps is built to close it. 

By integrating TradFi-sourced liquidity into a crypto-native perpetuals structure, the company positions itself to compete not just within crypto, but against conventional derivatives venues globally.

Ondo described the total addressable market as measuring in the hundreds of trillions. The Ondo Perps platform is operated by Ondo Global Panama Inc. using technology developed by Ondo Finance Inc. It is not available in the U.S., Panama, or other restricted jurisdictions.