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2026-07-08 02:21:47 UTC

RWATimes on Nostr: 📰 Ondo Joins Perps Race Against Hyperliquid, Coinbase — Allows Tokenized Stocks ...

📰 Ondo Joins Perps Race Against Hyperliquid, Coinbase — Allows Tokenized Stocks As Collateral
🗓️ Jul 07 2026 17:27 UTC

Ondo (ONDO) on Tuesday announced its entry into the on-chain perpetuals race with Ondo Preps. It will be going up against Hyperliquid (HYPE), Aster (ASTER), ApeX Protocol (APEX), and Lighter (LIT) as well as centralized exchanges like Coinbase (COIN), who have also recently ventured into the space…

➤ Ondo has launched 'Ondo Perps,' an on-chain perpetual trading platform allowing up to 20x leverage on tokenized stocks, commodities, and indices.
➤ A key differentiator is the ability to use tokenized stocks as collateral, eliminating the need to convert to stablecoins.
➤ Despite the launch, ONDO's token price dipped, while competitors like Hyperliquid saw gains, indicating mixed market reception and ongoing competition in the decentralized derivatives space.

#ondoperps #tokenizedstocks #leveragetrading #collateral #decentralizedexchanges #centralizedexchanges #equities #commodities #onchainperpetuals #hyperliquid

🔗 Read more at: https://rwatimes.io/articles/tradingview-ondo-joins-perps-race-against-hyperliquid-coinbase-allows-tokenized-stocks-as-collateral-3352760860