David Wells, CEO of Ondo Finance, pointed out the significant opportunity presented by the U.S. market for perpetual futures on individual stocks, noting that existing regulations allow for their introduction without any new legal frameworks. Despite this insight, he did not disclose any intentions for Ondo Perps to launch in the U.S. Instead, the company has proposed to regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission, that these products be categorized as security futures. Currently, Ondo Perps is exclusively available to international markets.