Ondo Finance To Launch Ondo Perps, A Perpetual Trading Platform For Tokenized RWAs
In Brief
Ondo Finance plans to launch Ondo Perps, an RWA perpetuals platform using tokenized assets as collateral, while expanding into trading, brokerage, and on-chain asset management.
Decentralized finance (DeFi) protocol Ondo Finance has announced plans to launch its proprietary real-world asset (RWA) perpetual contract platform, Ondo Perps, within the coming weeks. The platform is designed to enable traders to use tokenized real-world assets as collateral while accessing continuous market liquidity, marking a significant step in the company’s broader effort to expand its on-chain financial ecosystem.
According to newly appointed Chief Executive Officer Ian De Bode, Ondo Finance is positioning itself to move beyond its original focus on asset tokenization. The company intends to broaden its activities into trading services, prime brokerage, and asset management, with the long-term objective of creating a comprehensive blockchain-based financial infrastructure. The envisioned ecosystem would support a wide range of investment products, including stocks, exchange-traded funds (ETFs), cryptocurrencies, commodities, and prediction markets, while remaining accessible to a global user base.
De Bode explained that the next phase of development centers on building the layers necessary to transform tokenized assets into a fully functional financial system. These efforts are aimed at providing investors with access to leveraged trading opportunities as well as diversified portfolio solutions. Such capabilities are expected to appeal to both active market participants seeking greater exposure and long-term investors looking for tailored investment strategies. Over time, the company expects these services to enable users and automated agents to allocate capital across multiple asset classes through spot investments, leveraged positions, or portfolio-based products.
Expanding Infrastructure for On-Chain Markets
Alongside the expansion of its financial services, Ondo Finance is continuing to develop the infrastructure required to support these offerings. Company executives indicated that further details regarding a major evolution of its underlying technology framework will be disclosed in the near future. The planned enhancements are intended to improve market accessibility and establish the foundation for additional products and services expected to be introduced over time.
A key component of this strategy is the launch of Ondo Perps, which the company describes as the first perpetual trading platform specifically designed for real-world assets. The platform will allow tokenized RWAs to function as collateral while providing deep liquidity and round-the-clock market access. Ondo Finance has previously outlined its plans for the product and confirmed that the launch remains on schedule for the coming weeks.
The announcement comes shortly after a significant leadership transition at the company. Following the unexpected passing of founder and Chief Executive Officer Nathan Allman, Ondo Finance confirmed that Ian De Bode, previously serving as president, would assume the role of CEO. The company noted that De Bode has overseen strategy, product development, and daily operations for more than two years. Addressing the transition, De Bode stated, “The mission of Ondo, Nate’s mission, has not changed.” He added, “If Nate were here, he would want to continue executing with excellence. We will make him proud.”
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
