Ondo Finance introduced the mixing of its treasured steel tokens, GLDon (gold) and SLVon (silver), as collateral margin for perpetual futures positions on Ondo Perps. With this transfer, eligible merchants exterior the US can again leveraged lengthy or brief positions in equities, indices, and commodities utilizing real-world belongings (RWA) as a substitute of conserving idle capital.
This replace eliminates the necessity to keep duplicate reserves in stablecoins and conventional brokerages. By permitting the identical tokenized spot asset to function each a hedge and collateral inside the onchain ecosystem, the platform optimizes capital effectivity and simplifies complicated methods similar to the premise commerce.
With this launch, Ondo expands its providing following the earlier addition of SPYon and QQQon, consolidating the infrastructure for an institutional onchain prime brokerage that operates repeatedly 24/7.
Supply: https://x.com/OndoPerps/standing/2084997068259541279
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