Ondo Finance Integrates Chainlink for Tokenized US Stocks on Ethereum
- Ondo Finance’s Ondo Global Markets platform has integrated Chainlink as its official data oracle.
- Price feeds for tokenized US stocks like SPYon, QQQon, and TSLAon are now live on Ethereum.
- The integration allows users to use tokenized equities as collateral on Euler to borrow stablecoins.
- Initial support includes equity price feeds that account for corporate actions like dividends.
- Risk parameters for new lending markets will be monitored by Sentora, enhancing DeFi collateralization of tokenized stocks.
This integration addresses previous limitations in using tokenized equities as collateral in DeFi, enabling broader applications in lending and structured products. The partnership with Chainlink aims to enhance liquidity and pricing accuracy for these assets.
With the launch of price feeds, Ondo Finance is set to facilitate the use of tokenized stocks like SPYon and QQQon in decentralized finance applications, marking a significant step forward in integrating traditional equities into blockchain systems.
