In a comment letter dated August 24, Ondo Finance has informed the SEC and CFTC that new regulations are not required to allow trade in perpetual contracts based on US stocks. The letter argues that the current framework of security futures accommodates the product.
Ondo Finance has formally petitioned American financial regulators to authorize perpetual futures contracts on individual US equities, asserting that existing legislation provides sufficient legal foundation for these instruments.
Ondo Finance has asked US regulators to bring perpetual futures tied to individual stocks onshore after its offshore platform recorded $8 billion in cumulative trading volume within roughly six weeks. Ondo Finance, in three Aug.
Ondo Finance filed three comment letters with the SEC and CFTC covering perpetual futures, portfolio margining, and market data reporting. The company argues that blockchain infrastructure can meet regulatory goals more directly. It also urges U.S. regulators to create a path for stock perpetuals to return onshore instead of remaining concentrated in offshore markets.
Ondo's push for U.S. oversight of stock perpetual contracts puts SEC and CFTC jurisdiction, product definitions, and market structure back in focus.
Ondo says existing US securities laws can accommodate perpetual futures tied to individual stocks as regulators look to bring more derivatives activity onshore.
Ondo Finance announced this Monday the integration of its USDY token and thematic smart portfolios (Ondo Intelligent Portfolios) onto the LBank exchange. Through this partnership, more than 25 million registered users will gain direct access to yields backed by U.S. Treasury bonds and technology stock baskets without the need for traditional brokerage intermediaries.
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Ondo Finance appointed Allison Parent, former executive director of the GFMA, as its new chief policy officer. Parent brings experience from Barclays, the Bank of England, and as legal counsel to the U.S. Senate Budget Committee.
Ondo Finance announced that its dollar yield token, USDY, is now available on Tempo, the L1 payments-focused blockchain incubated by Stripe and Paradigm. The integration makes USDY the first permissionless tokenized treasury asset to operate on the Tempo network, designed specifically for stablecoin settlement, commerce, and cross-border value transfers.
Ondo Finance's rapid growth in tokenized assets highlights increasing global demand for accessible equity exposure, reshaping investment landscapes. ONDO Finance's FXIon reaches 59K holders across blockchains.
The dominance of three firms in the RWA market highlights blockchain's growing role in traditional finance, but also raises concentration risks. Sky, Securitize, and Ondo Finance account for $12.3B in the $44.5B RWA market.