Ondo Perps

What is Ondo Perps?

Ondo Perps is a perpetual futures trading platform built by the team behind Ondo Finance, offering 24/7 trading on tokenized U.S. equities, ETFs, and commodities. Users can take long or short positions on assets like NVDA, TSLA, AAPL, gold, silver, and oil with up to 20x leverage. The platform launched in early access in 2025 and is available to users outside the United States and other restricted jurisdictions.

The platform’s main differentiator is planned support for tokenized securities as collateral. Existing RWA perps venues force traders to post stablecoins, locking up capital twice when they already hold the underlying asset.

Ondo Finance previously raised a $4M seed round in 2021; a $20M Series A in 2022 led by Founders Fund and Pantera Capital, with backing from Coinbase Ventures, Tiger Global, and Wintermute and $22M in May 2022.

Ondo Perps Airdrop Details

Ondo Perps has not confirmed a dedicated airdrop or points program. That said, the Early Access rollou and the pattern of RWA perps venues rewarding early traders leave room for retroactive incentives if the team decides to launch a Perps-specific token or fold trading activity into its current rewards.

Key Parameters:

• Distribution Method: TBA (potentially Early Access-based or trading volume-based)
• TGE Date: TBA

Early Access codes are being sent in waves to waitlist members. Users who receive a code can log in and begin trading immediately. The platform is rolling out new features and scaling liquidity throughout the Early Access period, and tokenized securities as collateral is on the near-term roadmap.