ONDO Expands On-Chain Prime Brokerage Services With Perpetual Futures Platform

• Ondo has launched Ondo Perps, a perpetual futures platform that allows tokenized stocks and ETFs to be used as collateral instead of stablecoins, targeting sophisticated traders and deepening liquidity.
• The platform partners with MetaMask to enable on-chain trading and offers 20x leverage for non-U.S. users to access U.S. equities, commodities, and ETFs.
• Ondo's strategy includes expanding tokenized real-world assets (RWAs), such as USDY, with over $2.5 billion in TVL, aiming to bridge traditional finance and crypto markets.

Ondo is advancing its role in tokenizing traditional assets by introducing 24/5 trading of tokenized U.S. securities for non-U.S. investors via crypto wallets, removing geographic barriers. The firm has also launched Ondo Global Listing, which allows tokenized U.S. IPOs to be traded on-chain the same day they are listed, supported by major wallets and exchanges.

Ondo's integration with MetaMask enables users to trade over 200 tokenized U.S. stocks and ETFs directly in the wallet, offering a unified interface for managing both crypto and traditional assets. This initiative aims to expand tokenized asset adoption by leveraging jurisdictional access and self-custodial capabilities.

What Is Ondo's Long-Term Vision For On-Chain Finance?

Ondo aims to build a scalable infrastructure for tokenized assets that could eventually enable on-chain prime brokerage services. The firm is prioritizing infrastructure development before monetization, with Perps as the first step toward a unified trading experience for crypto, stocks, ETFs, and derivatives.

The company has partnered with traditional financial institutions and crypto platforms, including JPMorgan and Binance, to expand access to tokenized securities. These partnerships help support liquidity and compliance for global users.

How Does Ondo's Strategy Impact Tokenized Real-World Asset Markets?

Ondo's focus on tokenized RWAs includes products like USDY, which has attracted $2.5 billion in TVL. The firm is positioning itself to lead in tokenized U.S. Treasuries and stocks, with $2 billion and $600 million in TVL respectively, capturing about 60% of the market.

By offering on-chain access to tokenized assets, Ondo is reducing capital inefficiencies and enabling deeper liquidity through cross-collateralization and institutional-grade market integration.

What Are The Implications Of The 21Shares ONDO ETF Filing?

21Shares has filed for a U.S. ETF tied to ONDO, a real-world asset token, which could create regulated liquidity and potentially set a precedent for other RWA tokens. The ETF, named "21Shares Ondo ETF," is designed to track ONDO without requiring direct token ownership and is seeking a Nasdaq listing.

The filing introduces a cash-based trading model with a dual-custodian setup involving BitGo Bank & Trust, aiming to reduce operational risk and improve institutional-grade security. If approved, the ETF may influence price discovery and investor sentiment for ONDO, though current market data indicates bearish activity and limited demand.

The approval timeline, expected between late February and mid-April 2026, could be a key catalyst for ONDO's market performance.

Ondo's recent initiatives, including the Ondo Summit 2026 in New York, aim to bring together major Wall Street institutions like Citi, J.P. Morgan, and Goldman Sachs to discuss tokenization. The summit highlights growing institutional interest in tokenizing traditional assets and could influence broader market flows into crypto and tokenized RWA markets.

Ondo's SEC registration submission aims to establish compliance benchmarks and provide global investors with U.S.-standard disclosures for tokenized assets. This aligns with the broader trend of integrating traditional financial infrastructure with blockchain-based services.