Ondo Perps Adds CRCLon, SPCXon And SNDKon As Collateral

Ondo Perps has added tokenized Circle (CRCLon), SpaceX (SPCXon) and SanDisk (SNDKon) as eligible collateral, letting traders keep exposure to the assets while using them to back perpetual futures positions. According to BeInCrypto, the move expands use cases for tokenized equities beyond spot trading and into hedging and basis strategies, while Ondo says nearly $20 million in Ondo Stocks is already serving as productive collateral on Ondo Perps. Ondo also said its tokenized stocks and ETFs are backed by corresponding securities and cash in transit.