Ondo Finance has partnered with Chainlink to support tokenized US stocks as collateral in DeFi applications

According to official news, Ondo Finance announced a partnership with Chainlink to accelerate the application of tokenized U.S. stocks in the DeFi space by adopting Chainlink as the official data oracle.

It was introduced that Chainlink provides institutional-grade pricing tailored specifically for Ondo's on-chain tokenized stocks, allowing DeFi protocols to price Ondo Global Markets assets with top-tier accuracy, manage positions securely, and offer users stronger protection during market volatility.

Currently, the initial lending of Ondo tokenized assets, including SPYon, QQQon, and TSLAon, supported by Chainlink, has gone live on Euler, enabling users to borrow stablecoins using tokenized stocks and ETFs as collateral. In the future, tokenized stocks and ETFs will expand to more markets, vaults, and structured products, facilitating more efficient capital deployment and portfolio construction.