Nado Launches Tokenized U.S. Stock Unified Margin System Using SPYx and QQQx as Perpetual Collateral

Nado said it has launched a unified margin system that allows tokenized U.S. equities to be used as collateral for perpetual contracts, starting with SPYx and QQQx. According to ChainCatcher, the platform will let users post tokenized U.S. stocks as margin within a single Nado account to trade perpetual contracts across cryptocurrencies, foreign exchange, commodities, and stocks, with portfolio settlement handled under a unified risk management framework. Nado said this is the first time a derivatives market has connected U.S. equity assets with a multi-asset perpetual margin system, and that it is the first trading platform to support U.S. stocks as cross-asset unified margin collateral.