Following the launch of on-chain tokenized US stocks, Ondo, the largest issuer of on-chain stock tokens in the crypto space, has announced its entry into the derivatives market. They’ve rolled out 24 perpetual contracts covering stocks, indices, and commodities all at once. Unlike traditional derivatives markets, the platform’s innovation lies in allowing stock tokens to be used as collateral, enabling trading in a 24/7 uninterrupted market. Thanks to institutional-grade execution speeds, most bid-ask spreads for the assets fluctuate between 0.01% and 0.06%. FYI: Ondo was previously the stock token service provider for several cryptocurrency exchanges and is backed by Founders Fund, a long-time supporter of SpaceX.