Ondo Perps, a platform that tokenizes stocks and ETFs for perpetual trading, has surpassed $3 billion in total trading volume within its first week of public launch. The 24-hour volume doubled from launch day to $200 million, the team announced on July 16.
New tokenized stocks and margin features
The platform added two new Korean stock tokenization targets: SK Hynix (SKHY) and Samsung Electronics (SMSN). Ondo Perps allows users to post tokenized stocks and ETFs directly as margin for perpetual contracts, offering non-U.S. users up to 20x leverage on assets including Tesla, Nvidia, Apple, gold, and silver.
AI-driven trading as next focus
Ondo Perps previously stated that using U.S. stocks as collateral is just the starting point. The team plans to prioritize AI-driven trading flows as the next major direction, signaling a move toward automated and data-driven strategies on the platform.