ONDO rose as much as 25% in the past 24 hours after Ondo Finance announced it would introduce equity-linked perpetual futures on 9 Jun, extending one of crypto’s most popular derivatives formats into traditional markets.
Ondo Finance and Ondo Perps said on 2 Jun that the platform will go live with perpetual futures tied to US stocks, exchange-traded funds (ETFs) and commodities. The move brings the crypto-native perpetual futures model – which allows leveraged, expiry-free trading – into mainstream financial assets.
The announcement arrives as perpetual futures gain regulatory traction. On 29 May, the Commodity Futures Trading Commission cleared Kalshi’s BTCPERP contract, the first US-regulated crypto perpetual. Coinbase also received a no-action letter to route US clients to Deribit’s global derivatives markets.
At 12:15UTC on 3 Jun, ONDO was trading at around $0.42 - a level last seen eight days ago, and 16% higher year-to-date.
Perps enter equity markets
Perpetual futures have long dominated crypto trading volumes by offering continuous leveraged exposure. Ondo Perps aims to bring this format to leading equities, ETFs and commodities with 24-hour trading. The platform is currently unavailable to US users and remains subject to jurisdictional restrictions.
This positions Ondo alongside other platforms bridging crypto derivatives with traditional assets, including Kalshi’s Bitcoin perps and Polymarket’s planned perpetual products on stocks and gold.
Ondo builds on tokenized assets
Ondo has established itself as a leader in tokenized assets (RWAs). Ondo Global Markets crossed $1bn in total value locked in May 2026 and captured more than 70% market share among tokenized equity issuers, according to RWA.xyz.
The company offers over 260 tokenized US stocks and ETFs across Solana, Ethereum and BNB Chain, with each token fully backed by the underlying security. It has also filed confidentially with the US Securities and Exchange Commission (SEC) to become the first issuer of transferable tokenized stocks under SEC reporting rules.
Nathan Allman, founder and former chief executive of Ondo Global Markets, died unexpectedly in May. The company subsequently appointed Ian De Bode as chief executive.
ONDO remains well below its December 2024 all-time high of $2.14. The latest price move reflects investor optimism about Ondo’s strategy to combine its tokenized asset leadership with crypto’s most liquid derivatives format.
