Woofun AI reports that Ondo Perps has introduced a feature allowing users to deploy tokenized stock shares as collateral for perpetual contract positions. Initially, the protocol supports the tokenized S&P 500 ETF (SPYon) and Nasdaq 100 ETF (QQQon), enabling traders to utilize these assets as productive capital without converting them into stablecoins or liquidating holdings.

The platform has recorded cumulative trading volume exceeding $3.8 billion. Key features driving demand include hedging equity risk on a single platform, deep liquidity, reduced slippage, CEX-comparable execution speed, 24/7 availability, and leverage up to 20x. Ondo describes this integration as part of a broader strategy to enhance capital efficiency and align on-chain derivatives markets with traditional finance standards, with future plans to expand into comprehensive on-chain prime brokerage infrastructure.