Ondo: enables tokenized stocks as perp collateral - 21 Jul 2026

Ondo says users can deploy Ondo Stocks as productive collateral on Ondo Perps, starting with SPYon and QQQon, according to the Ondo announcement.Using tokenized stocks as collateral expands what traders can post to open or support perp positions on Ondo Perps. That broader collateral utility can make the venue more useful to existing users and may draw additional capital and trading activity into the platform, which improves the overall value proposition of the perps ecosystem.The initial scope is limited to SPYon and QQQon, so the change is a targeted rollout rather than a platform-wide expansion across all tokenized stocks. It also does not directly change ONDO supply or token mechanics, so any effect would depend more on usage of the perps product than on a direct token-level update.A generational unlock for tokenized stocks.Deploy Ondo Stocks as productive collateral on , starting with SPYon & QQQon.