Ondo Finance has integrated Chainlink as the official data oracle for its tokenized US stock products, enabling live price feeds on Ethereum. The feeds for SPYon, QQQon, and TSLAon are now active, allowing these tokenized equities to be used as collateral for borrowing stablecoins on the Euler lending protocol. This move aims to overcome a key limitation for onchain stocks, which previously lacked reliable pricing data for DeFi applications.
Ondo Finance has integrated Chainlink as the official data oracle for its Ondo Global Markets platform. This enables live price feeds for tokenized US stocks, including SPYon, QQQon, and TSLAon, on Ethereum.
According to a post from Ondo, the feeds are being used on Euler, where users can post the tokenized equities as collateral to borrow stablecoins. The integration provides onchain pricing data, allowing DeFi protocols to set collateral parameters and manage liquidations.
The feeds incorporate corporate actions such as dividends, enabling applications to reference updated equity values. Initial support covers three key assets, with additional tokenized stocks and ETFs expected to be added.
Risk parameters for the new lending markets are being set and monitored by Sentora. Ondo stated this addresses a prior limitation where tokenized equities were not widely accepted as DeFi collateral.
The announcement follows an October 2025 partnership between Ondo Finance and Chainlink. That partnership designated Chainlink as the primary data provider for Ondo’s tokenized stocks and ETFs.
As US regulators continue to refine the legal framework, financial institutions and crypto platforms are accelerating tokenization efforts. In September, Nasdaq filed for a rule change with the SEC to enable listing tokenized versions of publicly traded stocks.
On Dec. 11, the SEC clarified custody rules for broker-dealers and issued a no-action letter for a DTCC subsidiary’s tokenization service. On Jan. 19, the New York Stock Exchange and its parent, Intercontinental Exchange, said they are developing a blockchain-based platform for trading tokenized stocks.
On the crypto side, more than 60 tokenized US stocks launched in June across exchanges Kraken and Bybit. The product was developed by Backed Finance under its xStocks brand.
Fintech Robinhood, which introduced tokenized stocks for EU users in October, has launched a public testnet for Robinhood Chain. On Wednesday, the company said the network is designed to support tokenized real-world and digital assets.
