šØ Offshore has already executed $8 billion in US stock perpetualsāwant to "swim back" to the US? Ondo directly calls on the SEC and CFTC: the framework is already enough; thereās no need to create new rules!
Group: ē¹å»čæå „ēēēē²äøē¾¤
š One-sentence update: RWA leader Ondo Finance submitted three comment letters to the SEC and CFTC on August 24, asking to allow "single-stock perpetual contract" trading to be compliant within the United States. The reason: the existing securities and futures regulatory framework can already cover it, so no new legislation is needed.
š Data to back it up: Ondo isnāt just making proposals out of thin airāits related platform in Panama has already launched stablecoin-settled US stock perpetual contracts, with cumulative trading volume reaching $8 billion. It also delivered the "homework" to regulators: using a funding-rate mechanism for perpetuals can replicate the settlement logic of traditional futures; the price can still track the underlying stock, and it may not require a fixed expiration date.
š„ Whatās behind the numbers: The letters also addressed the operational questions regulators love mostāhow to maintain long-term price alignment, how funding rates incentivize arbitrage to return, and the "new normal" for blockchain derivatives such as on-chain market data and modern margin models. All of it was presented to both institutions.
š” Whatās truly worth watching isnāt whether Ondo alone will get approved, but whether the statutory definition of "securities and futures" could be opened up. If the SEC and CFTC give a nod, US stock perpetuals and tokenized stocks effectively gain a compliant entry point in the USāthis could be the pass that the on-chain derivatives and RWA sector has been wanting most.
ā ļø A bucket of cold water: Those three comment letters are just a "petition"āthe SEC/CFTC hasnāt given any signal yet. Regulatory clearance always moves slower than the market. Donāt treat a proposal as approvalāfirst see whether the two regulators respond.
š Do you think US stock perpetual contracts should enter the US compliant market? Letās discuss in the comments š
Click the avatar to watch the live stream + join the Jiuji chat group to get daily strategies š
#RWA #ēسå®åø #DeFi #US stocks
Group: ē¹å»čæå „ēēēē²äøē¾¤
š One-sentence update: RWA leader Ondo Finance submitted three comment letters to the SEC and CFTC on August 24, asking to allow "single-stock perpetual contract" trading to be compliant within the United States. The reason: the existing securities and futures regulatory framework can already cover it, so no new legislation is needed.
š Data to back it up: Ondo isnāt just making proposals out of thin airāits related platform in Panama has already launched stablecoin-settled US stock perpetual contracts, with cumulative trading volume reaching $8 billion. It also delivered the "homework" to regulators: using a funding-rate mechanism for perpetuals can replicate the settlement logic of traditional futures; the price can still track the underlying stock, and it may not require a fixed expiration date.
š„ Whatās behind the numbers: The letters also addressed the operational questions regulators love mostāhow to maintain long-term price alignment, how funding rates incentivize arbitrage to return, and the "new normal" for blockchain derivatives such as on-chain market data and modern margin models. All of it was presented to both institutions.
š” Whatās truly worth watching isnāt whether Ondo alone will get approved, but whether the statutory definition of "securities and futures" could be opened up. If the SEC and CFTC give a nod, US stock perpetuals and tokenized stocks effectively gain a compliant entry point in the USāthis could be the pass that the on-chain derivatives and RWA sector has been wanting most.
ā ļø A bucket of cold water: Those three comment letters are just a "petition"āthe SEC/CFTC hasnāt given any signal yet. Regulatory clearance always moves slower than the market. Donāt treat a proposal as approvalāfirst see whether the two regulators respond.
š Do you think US stock perpetual contracts should enter the US compliant market? Letās discuss in the comments š
Click the avatar to watch the live stream + join the Jiuji chat group to get daily strategies š
#RWA #ēسå®åø #DeFi #US stocks
