Ondo Perps has officially launched, marking a significant milestone as the first perpetual contract platform to support tokenized stocks and stablecoins as derivatives margin. Open to non-US investors, the platform aims to enhance capital efficiency in the on-chain derivatives market. Key features include the use of tokenized stocks as collateral, eliminating the need for separate capital reserves, and offering market depth with low spreads and slippage comparable to traditional finance. The platform supports a range of assets, including stocks, indices, and commodities such as SPCX, MU, NVDA, TSLA, AAPL, gold, and crude oil, with up to 20x leverage and 24/7 trading availability. Built on Ondo Finance technology, Ondo Perps leverages Ondo Global Markets for its tokenized stock infrastructure, boasting a total value locked (TVL) exceeding $1 billion. This development allows tokenized assets to serve as collateral on a unified trading platform, advancing the utility of tokenized holdings.