Ondo(ondo)

Traders can use purchased tokens as collateral for short perpetual positions. The venue is waiving spot trading fees for the first 30 days.

Ondo rose more than 20% after putting three BlackRock-designed portfolios onchain. Litecoin added 18% with no announcement behind it. Bitcoin and ether traded lower while 51 of 60 large-cap tokens screened on Kraken sat above their 00:00 UTC open. The 10-year Treasury par yield closed Wednesday at 5.11%, and Polymarket now prices an October rate increase at 68%.

Three portfolio tokens are available on Ethereum and BNB Chain for eligible non-US investors. BlackRock supplies the models; Ondo manages the products.

Approved institutions can now swap existing share inventory for Ondo Stocks through Alpaca, removing the separate cash funding required by the platform’s existing issuance flow.

near.com began offering Ondo Finance’s tokenized U.S. stocks and exchange-traded funds (ETFs) on Tuesday, letting users buy them with crypto held across more than 30 networks. The companies said the trades are not broadcast publicly. The tokens are not available to U.S. persons or in Canada. NEAR rose 7.1% over 24 hours.

CEO Ian De Bode says the company will not run the new execution layer and the earlier Ondo Chain in parallel, and that the network 'isn't a blockchain today.'

The tokenization firm said its broker-dealer subsidiary can now sell tokenized equities, ETFs and funds to American investors under SEC and FINRA oversight.

Ondo, Backed Finance, and Robinhood Chain all set all-time highs in tokenized equity holdings this week, while dYdX's new Arcus exchange posted record perps volume — signs the market for onchain stocks is scaling on multiple fronts at once.

Ondo Stocks holders can now back perpetual futures positions with SPYon and QQQon, subject to an initial $100,000 per-asset notional cap.

The deal routes distribution through SBI's ecosystem and settles in the group's JPYSC yen stablecoin, connecting Japan's capital markets to onchain finance.