Ondo Perps to support stock tokens as collateral

Ondo Perps, the RWA perpetual futures platform of Ondo Finance (ONDO), said it will support the use of stock tokens as collateral. Users will be able to use stock tokens such as SPYon and QQQon as collateral to manage perpetual futures positions. This will allow investors to build new positions without depositing funds in stablecoins or selling existing holdings.