Market News

US Chainlink and Ondo Formulate a New Era for DeFi with Tokenized Stocks

Ondo Global Markets has made significant strides by partnering with Chainlink to introduce institutional-grade pricing for tokenized U.S. stocks.

This integration allows assets such as SPYon, QQQon, and TSLAon to be utilized as collateral in Ethereum-based Decentralized Finance (DeFi) systems.

With Chainlink's data feeds operational, Ondo's tokenized securities can enhance lending markets, allowing users to borrow stablecoins against their holdings.

The partnership links Ondo’s liquidity from major exchanges like Nasdaq and NYSE with Chainlink’s trusted oracle technology.

These on-chain resources will also reflect corporate actions, providing the necessary risk management tools for users.

Furthermore, Sentora will play a crucial role by overseeing risk parameters associated with these tokenized assets.

Currently, Ondo assets are employed through leading DeFi protocols like Euler, signifying a major step forward in the integration of traditional finance and blockchain technology.

As the DeFi landscape continues to evolve, the incorporation of tokenized stocks like these could pave the way for greater institutional involvement.

Moreover, Ondo's full suite of tokenized offerings is expected to broaden in the near future, enhancing options for users and investors alike.

This partnership highlights the potential of DeFi to revolutionize access to capital and asset management in the digital age.