Ondo Launches Tokenized Gold and Silver Collateral for Perpetual Futures

Ondo Finance announced the integration of its precious metal tokens, GLDon (gold) and SLVon (silver), as collateral margin for perpetual futures positions on Ondo Perps. With this move, eligible traders outside the United States can back leveraged long or short positions in equities, indices, and commodities using real-world assets (RWA) instead of keeping idle capital.

This update eliminates the need to maintain duplicate reserves in stablecoins and traditional brokerages. By allowing the same tokenized spot asset to serve as both a hedge and collateral within the onchain ecosystem, the platform optimizes capital efficiency and simplifies complex strategies such as the basis trade.

With this launch, Ondo expands its offering following the previous addition of SPYon and QQQon, consolidating the infrastructure for an institutional onchain prime brokerage that operates continuously 24/7.

Source: https://x.com/OndoPerps/status/2084997068259541279

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