Ondo Perps has introduced tokenized stock collateral, now available to all users, initially supporting SPYon and QQQon. This new feature allows traders to use tokenized stocks as margin for perpetual contract positions without converting funds to stablecoins or selling assets. The platform offers deep liquidity, lower spreads, and up to 20x leverage, with trading volume surpassing $3.8 billion. The tokenized stock collateral is part of Ondo Perps' strategy to enhance capital efficiency and liquidity in the on-chain stock perpetual contract market. The platform aims to align closer with traditional derivatives markets by optimizing collateral expansion and other financial services for tokenized assets.