# Ondo Unveils Perps DEX With Tokenized Stocks as Collateral

*Author: Bankless*
*Published: Jul 7, 2026*
*Source: https://www.bankless.com/fr/read/news/ondo-unveils-perps-dex-with-tokenized-stocks-as-collateral*

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Ondo has switched on [Ondo Perps](https://x.com/OndoPerps/status/2074486108004458857), a perpetuals platform offering up to 20x leverage on equity, index, and commodity markets while also letting traders post tokenized stocks as margin, a first for the perps category.

> Ondo Perps is live.Up to 20x leverage on equity perps is here, with tokenized stocks as collateral & up to $3 million in rewards.Ondo technology first revolutionized tokenized stocks & now powers perps markets for:✅ Oil✅ Intel✅ Gold✅ AMD✅ Meta✅ Tesla✅ Silver✅… [pic.twitter.com/Oxfo7ni9JR](https://t.co/Oxfo7ni9JR)— Ondo Perps (@OndoPerps) [July 7, 2026](https://x.com/OndoPerps/status/2074486108004458857?ref_src=twsrc%5Etfw)

### **What's the Scoop?**
- **The launch:** The platform debuted today with two dozen markets spanning megacap equities (Nvidia, Tesla, Apple, Microsoft), crypto-adjacent stocks (Coinbase, Circle, Strategy, Robinhood), commodities (gold, silver, oil), the US 100 and US 500 indices, and more. Markets run 24/7 with no expiries, or as Ondo put it, "no closing bell."
- **The collateral unlock:** The headline feature is that Ondo's tokenized stocks can serve directly as margin, currently live for Pre-Alpha users. Rather than parking equities in one venue and stablecoins in another, traders can put their tokenized stocks to work backing leveraged positions, a step toward the onchain prime brokerage vision Ondo has been telegraphing.
- **Incentives on:** Ondo is dangling up to $3M in total rewards, starting with $150k in USDC pools for the first week of trading activity, plus a referral program and a forthcoming Ondo Points scheme for perps traders.