ONDO Perps has launched a 3x leveraged OpenAI pre-IPO perpetual contract, enabling eligible traders to take long or short positions on the AI company ahead of its public listing. U.S. persons are excluded from trading the product. The perpetual contract features independent pricing distinct from any actual OpenAI share price and settles funding payments hourly. The instrument provides crypto-native exposure to one of the most anticipated pre-IPO assets in the market.