Ondo Finance has integrated Chainlink’s Data Feeds to provide real-time pricing for its tokenized equities, a move it states was necessary to overcome structural constraints in its growing real-world asset (RWA) ecosystem. This upgrade, which went live on Ethereum, aims to transform assets like SPYon and TSLAon into usable collateral for decentralized finance (DeFi) lending. The protocol’s total value locked now exceeds $2.5 billion, with cumulative trading volume surpassing $7 billion as the broader tokenized fund market capitalization crosses $17 billion.
Ondo Finance has formalized Chainlink Data Feeds as its primary pricing layer for tokenized equities. The integration, activated on Ethereum, provides real-time valuations for assets like SPYon and TSLAon, including dividends and splits.
The protocol stated that scattered oracle sources had made value information slow and vulnerable, directly limiting collateral usability. “These data integrity frictions are directly limited to collateral usability across lending venues,” the reporting noted.
This standardization allows tokenized equities to become collateral-grade assets on platforms like Euler. On-chain issuance has since scaled through instant mint-burn rails, aligning supply with demand as trading activity grew.
Ondo’s cumulative trading volume for these assets has now pushed beyond $7 billion. Its total value locked (TVL) has crossed $500 million, with listings expanding to over 200 equities across multiple chains.
Building on this infrastructure, the overall tokenized funds market has now crossed the $17 billion market cap threshold. Growth accelerated as real-world collateral entered lending rails, shifting from an access narrative to a balance sheet function.
Ondo Finance remains pivotal, with its treasury-backed products normalizing yield expectations across DeFi. The progression signals a shift from pilot deployment to systemic infrastructure, strengthening liquidity depth and pricing integrity.
