Nado launches integrated margin system using US stock tokens

Nado, a decentralized exchange (DEX) based on the Ink Chain central limit order book (CLOB), announced it has introduced an integrated margin system that utilizes U.S. stock tokens. The system allows users to use SPYx (S&P 500 token) and QQQx (a token tracking the Nasdaq 100) as margin for perpetual futures trading. Furthermore, users can deposit these stock tokens as collateral in a single Nado account to trade perpetual futures on cryptocurrencies, forex, commodities, and stocks. All positions are settled collectively under a unified risk management framework. Nado highlighted that this is the first system to link the margin framework between U.S. stock-based assets and various derivatives, making it the first trading platform to support U.S. stocks as integrated, cross-margin collateral.