Ondo Finance Supports Using Tokenized Stocks as Collateral for Perpetual Contracts

CoinFeed July 8 news, according to The Block, Ondo Finance announced that its perpetual contract trading platform allows users to use tokenized stocks as collateral for trading. This service is available to pre-alpha users of Ondo Perps, supporting tokenized versions of commodities such as oil and gold, as well as popular stocks like Apple and Tesla, as collateral for trading perpetual contracts with leverage up to 20x, operating 24/7, and is available to users outside the United States, Panama, and other restricted jurisdictions.