LATEST: Ondo Perps has launched spot trading for 12 tokenized stocks and ETFs, which traders can use as collateral to open short perpetual positions.

What happened

Ondo Perps launched spot trading for 12 tokenized stocks and ETFs, and traders can use these tokenized assets as collateral to open short perpetual positions.

Confirmed

Global impact / market context

This gives traders a new way to bet against tokenized stocks and ETFs while using those same tokens as collateral, which can add selling pressure and link crypto trading more closely to stock prices.

Analyst inference

Tokenized stocks and ETFs are blockchain versions of traditional shares, and allowing them as collateral for short perpetual positions, which are ongoing bets on price falls, could deepen ties between crypto and stock markets.

Analyst inference

What to watch

1. Ondo Perps launched spot trading for 12 tokenized stocks and ETFs, which traders can use as collateral to open short perpetual positions. Confirmed
2. Watch whether Ondo Perps adds more tokenized stocks and ETFs or expands collateral options beyond the initial 12 assets. Proposed
3. Watch if using tokenized stocks and ETFs as collateral for short perpetual positions increases selling pressure or price swings in those tokens. Analyst inference

Affected assets

• CMC20 — CoinMarketCap 20 Index DTF

Evidence

• x.com