Ondo urges US regulators to allow stock perps
- Ondo Finance wants US regulators to allow perpetual futures tied to individual US stocks.
- Its offshore platform recorded US$8 billion in trading volume within about six weeks.
- Ondo says existing US rules could support these products without new regulations.
Ondo Finance is urging US regulators to bring perpetual futures tied to US stocks into American markets.
The company says existing securities laws could support these products without requiring new regulations.
Ondo submitted three comment letters to the SEC and CFTC on August 24.
Its Panama-based affiliate already offers perpetual futures tied to individual US-listed stocks outside the US.
The platform recorded US$8 billion in trading volume by August 14, about six weeks after launch.
Ondo says funding payments can keep perpetual contracts aligned with their underlying stock prices.
The company argues that bringing the products onshore could give US traders access through regulated
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