Ondo Finance stated its Ondo World Markets platform has built-in Chainlink as its official knowledge oracle, enabling worth feeds for tokenized US shares together with SPYon, QQQon and TSLAon to go stay on Ethereum.
In line with a post from Ondo on Wednesday, the feeds are actually getting used on Euler, the place customers can publish the tokenized equities as collateral to borrow stablecoins.
The combination supplies onchain pricing knowledge for the tokenized belongings, permitting decentralized finance (DeFi) protocols to set collateral parameters and handle liquidations based mostly on reference costs tied to the underlying equities. The feeds incorporate company actions similar to dividends, enabling purposes to reference up to date fairness values.
Preliminary assist covers SPYon (which represents the SPDR S&P 500 ETF), QQQon (representing the Invesco QQQ ETF) and TSLAon (Tesla inventory), with extra tokenized shares and exchange-traded funds (ETFs) anticipated to be added as oracle protection and protocol integrations are expanded.
In line with the announcement, danger parameters for the brand new lending markets, together with collateral components and liquidation thresholds, are being set and monitored by Sentora.
Ondo stated the transfer addresses a previous limitation for tokenized equities, which had largely been held for worth publicity however weren’t broadly accepted as collateral in DeFi. By pairing exchange-linked liquidity with onchain worth feeds, the businesses intention to allow broader use of tokenized shares in lending and different structured merchandise.
The announcement follows an October 2025 partnership between Ondo Finance and Chainlink, a blockchain oracle community launched in 2017, that designated Chainlink as the first knowledge supplier for Ondo’s tokenized shares and ETFs.
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Race to tokenize US equities
As US regulators proceed to refine the authorized framework for tokenized securities, legacy monetary establishments and crypto platforms are accelerating efforts to place equities on blockchain infrastructure.
In September, Nasdaq filed for a rule change with US Securities and Trade Fee (SEC) that may allow it to checklist and commerce tokenized versions of publicly traded stocks, probably permitting blockchain-based representations of listed shares to commerce inside its regulated change framework.
On Dec. 11, the identical day it clarifyied how broker-dealers might custody tokenized securities below current guidelines, the SEC issued a no-action letter permitting a Depository Belief & Clearing Company subsidiary to launch a tokenization service for securities already held in DTC custody.
On Jan. 19, the New York Inventory Trade and its mother or father firm, Intercontinental Trade, stated they’re developing a blockchain-based platform for buying and selling tokenized shares and ETFs with 24/7 buying and selling and near-instant settlement, pending regulatory approval.
On the crypto aspect, greater than 60 tokenized US stocks launched in June throughout exchanges Kraken and Bybit. The product, developed by Backed Finance below its xStocks model, supplies blockchain-based publicity to blue-chip firms, although it isn’t but accessible to US prospects.
In the meantime, fintech Robinhood, which launched tokenized versions of nearly 500 US stocks for EU customers in October, has launched a public testnet for Robinhood Chain, an Ethereum layer-2 community constructed on Arbitrum.
On Wednesday, the corporate said the community is designed to assist tokenized real-world and digital belongings, together with 24/7 buying and selling, self-custody and onchain lending and derivatives purposes.
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