Chainlink Data Feeds Enable Ondo Tokenized Stocks as DeFi Collateral
- Ondo Global Markets has adopted Chainlink data feeds to provide institutional-grade pricing for its tokenized U.S. stocks.
- The integration allows these tokenized assets to be used as collateral in DeFi on the Ethereum blockchain.
- Tokenized assets such as SPYon, QQQon, and TSLAon are now live and secured for DeFi integrations like Euler.
Ondo Global Markets’ partnership with Chainlink enhances the functionality of its tokenized U.S. stocks by enabling their use as collateral within the decentralized finance ecosystem on Ethereum.
By leveraging Chainlink’s data feeds, Ondo ensures reliable pricing for its tokenized assets, facilitating secure DeFi transactions and expanding their utility in financial applications. (Source)
