Ondo Finance Claims U.S. Securities Law Supports Individual Stock Perpetual Futures Operations
Ondo Finance stated that the current U.S. securities law supports perpetual futures linked to individual stocks without the need for new rules, applicable under the existing securities and futures framework. On August 24, Ondo Finance submitted three comment letters to the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, suggesting the introduction of related products in the U.S. and their inclusion in modern margin mechanisms and on-chain market data. Its Panamanian subsidiary has already offered perpetual futures for U.S.-listed stocks settled in stablecoins outside the U.S. As of August 14, the platform has been live for about six weeks, with a cumulative trading volume of $8 billion. Ondo Finance manages and distributes tokenized real-world assets valued at approximately $2.6 billion, ranking fourth in the field.
-- Price
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