crypto-economy.com
TL;DR
- Chainlink now provides onchain price feeds for Ondo Finance’s tokenized US equities, including SPYon, QQQon, and TSLAon on Ethereum.
- The feeds allow these assets to serve as collateral in DeFi lending platforms like Euler.
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By incorporating corporate actions such as dividends, the integration ensures accurate, real-time pricing and expands the practical use of tokenized stocks in decentralized finance applications.
Ondo Finance has announced that Chainlink has become the official oracle for its tokenized US stock offerings on Ethereum. Price feeds for SPYon, QQQon, and TSLAon are now live, supplying decentralized protocols with reliable onchain reference data.
Users on Euler can use these tokenized equities as collateral to borrow stablecoins. The feeds reflect changes in the underlying stocks, including dividends and corporate actions, improving the precision of lending and liquidation processes. This integration also enables automated strategies within DeFi platforms, allowing liquidity providers and borrowers to interact with tokenized equities more efficiently and with less reliance on manual price checks.
Expanded Lending Opportunities With Onchain Pricing
Before this integration, tokenized equities mainly provided price exposure but were limited as collateral. By linking exchange-traded prices to decentralized oracles, Ondo enables DeFi protocols to set and monitor collateral factors and liquidation thresholds more effectively. The initial rollout covers SPYon, QQQon, and TSLAon, while additional tokenized stocks and ETFs are planned as adoption increases. Sentora is responsible for overseeing risk parameters in these new lending markets. Developers can also leverage these feeds to build new financial products, including synthetic derivatives and automated yield strategies tied directly to tokenized equities.
Tokenized Equities Gain Momentum Across Platforms
The launch coincides with growing activity in both traditional and crypto markets for tokenized securities. Nasdaq and the New York Stock Exchange are exploring blockchain-based platforms for trading tokenized stocks and ETFs. On the crypto side, over 60 tokenized US stocks are already live on Kraken and Bybit. Robinhood has also started testing tokenized assets on its Ethereum-based layer-2 network. These developments indicate wider acceptance of blockchain-based equities in both centralized and decentralized finance.
By providing secure, accurate price feeds, Chainlink strengthens the foundation for tokenized equities to be used in lending, trading, and structured products. As more stocks and ETFs integrate into DeFi, tokenized US equities could become a mainstream option for investors seeking flexible, onchain exposure to traditional markets.