Chainlink brings Ondo tokenized U.S. stock price feeds online

Chainlink price feeds for tokenized U.S. equities issued by Ondo Finance have gone live on the Ethereum mainnet.

According to Cointelegraph on the 11th (local time), Ondo Finance integrated Chainlink as the official data oracle for its Ondo Global Markets platform and launched on-chain price feeds for tokenized stocks including SPYon (SPY ETF), QQQon (Invesco QQQ ETF) and TSLAon (Tesla shares).

The price feeds are being used on the DeFi lending protocol Euler. Users can deposit SPYon, QQQon and TSLAon as collateral and borrow stablecoins. Chainlink’s price data, which reflects the underlying share prices, is used to set collateralization ratios and liquidation thresholds. It also incorporates corporate actions such as dividends to provide an up-to-date reference price.

Risk parameters are set and monitored by Sentora. Additional tokenized stocks and ETFs are expected to be rolled out sequentially as oracle coverage and protocol integrations expand.

Ondo has previously pointed to the limitation that tokenized stocks have largely remained a means of gaining price exposure and have not been widely used as DeFi collateral. By integrating Chainlink price feeds, it aims to combine exchange-linked liquidity with on-chain pricing data to broaden use cases to lending and structured products.

As the U.S. regulatory framework continues to take shape, traditional financial institutions and crypto platforms are accelerating competition in stock tokenization. Nasdaq filed for rule changes last September to enable listings of tokenized shares, and Intercontinental Exchange, the parent of the New York Stock Exchange (NYSE), is developing a blockchain-based platform aimed at 24-hour trading and faster settlement.