Ondo Finance is excited to announce that Ondo Stocks, the world’s largest tokenized securities platform, has partnered with Chainlink, the industry-standard oracle platform, to accelerate the adoption of tokenized U.S. stocks in DeFi. By adopting the Chainlink data standard as its official oracle solution, Ondo is bringing the secure, institutional-grade pricing data onchain that is required to unlock the full potential of Ondo tokenized assets. This is the first time tokenized stocks are available for use as collateral on Ethereum DeFi.
Chainlink Data Feeds for Ondo tokenized assets, including SPYon, QQQon, and TSLAon, are now live in-production and securing DeFi apps like Euler, enabling users to borrow stablecoins against tokenized stocks and ETFs used as collateral. Support for Ondo’s full suite of tokenized U.S. stocks and ETFs is coming soon.
This marks a major milestone for DeFi. Tokenized securities can now be securely and reliably used as productive DeFi collateral, including within lending markets, vaults, and structured products—all backed by the institutional grade market data powered by Chainlink. With institutional-grade liquidity and oracle infrastructure now in place, Ondo tokenized stocks and ETFs are set to become the new foundation underpinning the onchain finance economy.
Tokenized Stocks Can Now Be Deployed Across DeFi as Productive Capital
Until now, most tokenized real-world assets have been limited to passive exposure. While tokenization has expanded access to the world’s most in-demand markets, it has fallen short of delivering the utility offered in traditional finance, where equities can be used as collateral for lending and borrowing, among other core financial functions.
For DeFi protocols to accept tokenized stocks as collateral, two foundational requirements must be met:
- Deep, reliable liquidity to support near-instant liquidations without significant slippage
- Secure, institutional-grade pricing data that reflects the full economic reality of the underlying asset
From the outset, Ondo tokenized stocks and ETFs have inherited liquidity directly from traditional equity venues such as Nasdaq and NYSE, enabling tokenized stocks and ETFs to trade with the depth and efficiency that rivals their underlying securities. Ondo’s best-in-class liquidity profile is critical for advanced DeFi risk management, enabling collateral to be exited cleanly to protect protocol solvency during market volatility. However, Ondo tokenized stocks lacked the institutional-grade onchain data needed for DeFi protocols to adopt them at scale.
Chainlink Data Feeds solve for this missing layer, delivering institutional-grade pricing tailored specifically for Ondo’s tokenized equities onchain. Each feed reflects the full economic reality of the underlying asset, including corporate actions such as dividends. Using Chainlink, DeFi protocols can now price Ondo Stocks assets with best-in-class accuracy, manage positions safely, and provide users with more protection during volatile market conditions.
Lending Markets for Tokenized Equities Are Now Live
With these foundations in place, Ondo Stocks assets are being integrated across leading DeFi lending markets. Initial lending support for SPYon, QQQon, and TSLAon is already live on Euler, enabling users to supply Ondo tokenized stocks and borrow stablecoins against them. This deployment serves as validation that tokenized stocks can function as robust, risk-managed collateral alongside crypto-native assets.
"DeFi shouldn’t stop at crypto. By enabling tokenized stocks as collateral on Euler users can borrow against their securities and unlock liquidity without selling," said Jonathan Han, CEO at Euler. "This transforms static holdings into productive capital while bringing much-needed diversification to DeFi collateral. This launch takes the next step in bringing real-world assets into DeFi and building the rails for what comes next."
Risk management for this market is overseen by Sentora, which is responsible for defining parameters such as collateral factors, borrow caps, and liquidation thresholds. These parameters are informed by deep asset-level analysis and ongoing monitoring, so Ondo Stocks assets can meet the risk standards expected by institutional participants.
“Retail investors are holding enormous amounts of value in securities that, until now, they haven’t been able to do very much with,” said Anthony Demartino, CEO at Sentora. “Tokenization changes that by allowing those assets to be used productively, without forcing people to sell and potentially lose long term upside.”
This modular, risk-isolated approach provides a controlled environment for introducing tokenized stocks into DeFi, while unlocking meaningful capital efficiency for users.
What’s Next: New DeFi Use Cases for Tokenized Stocks
Lending markets are only the first step. With institutional-grade liquidity and pricing infrastructure now in place through Chainlink, Ondo Stocks assets are positioned to support a broader range of DeFi use cases. Next, tokenized stocks and ETFs will expand across additional money markets, vaults, and structured products, enabling more efficient capital deployment and portfolio construction.
As integrations grow, Ondo Stocks assets can serve as core collateral primitives alongside crypto-native assets, helping bridge traditional capital markets and DeFi.
