Ondo Perps launched spot trading for 12 tokenized stocks and ETFs, including Tesla, NVIDIA, SpaceX, Circle and the S&P 500 ETF. Holdings move straight into perps collateral.

That brings the whole basis trade onto one platform: buy the stock, post it as collateral and short the matching perp to collect funding. It is also the first time Ondo Stocks trade permissionlessly on a spot order book (outside the US).

Spot trading is fee-free for the first 30 days, until October 28.

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