Chainlink feeds go live for Ondo tokenized US stocks on Ethereum
Price feeds for SPYon, QQQon and TSLAon are now live on Ethereum, allowing the Ondo-issued tokenized equities to be used as collateral in DeFi lending markets.
Ondo Finance said its Ondo Global Markets platform has integrated Chainlink as its official data oracle, enabling price feeds for tokenized US stocks including SPYon, QQQon and TSLAon to go live on Ethereum.
According to a post from Ondo on Wednesday, the feeds are now being used on Euler, where users can post the tokenized equities as collateral to borrow stablecoins.
The integration provides onchain pricing data for the tokenized assets, allowing decentralized finance (DeFi) protocols to set collateral parameters and manage liquidations based on reference prices tied to the underlying equities. The feeds incorporate corporate actions such as dividends, enabling applications to reference updated equity values.
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