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equity derivatives, backed by tokenized stock collateral, is now live for non-U.S. investors through a platform called Ondo Perps.
The company said the product is the first to enable tokenized equities to serve as collateral for perpetual futures contracts. A first for tokenized equity collateral Perpetual futures contracts carry no expiry date.
A position stays open until the holder closes it or is forced out through a liquidation event. The contract type has been the dominant derivatives format in crypto markets for years.
What is new on Ondo Perps is the collateral: tokenized representations of U.S. stocks, rather than cash or stablecoins, back the positions. That distinction shapes the platform's design. investor holding tokenized U.S.
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