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Ondo Activates Chainlink Feeds for Tokenized US Stocks on Ethereum

Key Takeaways

  • Ondo adopts Chainlink data for tokenized US stocks on Ethereum and introduces official price feeds for SPYon, QQQon, and TSLAon;
  • Euler now accepts these tokenized stocks as collateral, which allows users to borrow stablecoins and access new financial use cases;
  • Chainlink feeds give DeFi apps reliable on-chain pricing and corporate action data, which improves collateral decisions and risk control.

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Ondo Activates Chainlink Feeds for Tokenized US Stocks on Ethereum

Ondo Finance has begun using Chainlink LINK $8.39 as the data source for its tokenized US stock products on Ethereum ETH $1,959.10 .

This update brings official on-chain price feeds for SPYon, QQQon, and TSLAon. These tokens mirror the SPDR S&P 500 ETF, the Invesco QQQ ETF, and Tesla shares.

Ondo shared on February 11 that the new feeds are active on Euler. Users on Euler can now pledge these tokenized stocks as collateral and borrow stablecoins.

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This marks a shift from treating tokenized equities only as a way to track prices. They can support borrowing and other financial use cases.

The new link with Chainlink supplies dependable pricing information directly on-chain. DeFi services can use these numbers to decide how much collateral is needed and when liquidations should occur.

The feeds also include updates on corporate actions, such as dividends, so applications can reference current equity values.

More tokenized stocks and ETFs are expected later as oracle coverage grows and more protocols adopt the feeds. For the assets already listed, Sentora oversees the risk settings.

According to Ondo, tokenized stocks had a major gap before this change. They were easy to hold for exposure to market movements, but not widely accepted in lending markets.

Meanwhile, Chainlink plans to bring more of the US stock market onto blockchain networks. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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