Ondo Finance & Chainlink: Tokenized Stocks Now DeFi Collateral

Ondo Finance has integrated Chainlink to provide live price data for tokenized U.S. Stocks on its Ondo Global Markets platform. This includes tokenized representations of the SPDR S&P 500 ETF (SPYon), the Invesco QQQ ETF (QQQon), and Tesla (TSLAon). This integration marks the first time these tokenized stocks can be directly used as collateral in lending systems built on Ethereum, thanks to the verified on-chain pricing.

Actions numériques en garantie dans la DeFi

The price feeds are now live on DeFi applications like Euler, enabling users to borrow stablecoins using tokenized stocks and ETFs as collateral. Ondo Finance plans to expand support to its entire range of tokenized stocks and ETFs soon.

By providing on-chain reference prices, the integration allows DeFi protocols to establish collateral rules and manage liquidations based on the value of the underlying stocks. It also accounts for corporate actions, such as dividends, helping to maintain accurate and up-to-date pricing for the tokenized stocks. Sentora oversees risk management for these assets, defining collateral requirements and liquidation conditions.

Expansion des actions tokenisées dans la finance crypto

Previously, tokenized stocks primarily served to track the value of their underlying shares and were rarely accepted as collateral in DeFi. The Chainlink integration now provides Ondo Finance with live, on-chain pricing, making them fully usable for lending and other decentralized finance activities. This follows Chainlink’s selection in October 2025 to provide verified pricing for Ondo’s digital stocks.

Did You Know? In June, over 60 tokenized U.S. Stocks were listed on platforms like Kraken and Bybit, demonstrating their growing adoption in the crypto market.

Regulatory developments in the U.S. Are also shaping the landscape for tokenized securities. In September, Nasdaq requested SEC approval to list and trade tokenized stocks on its regulated market. The SEC subsequently issued guidance in December on how brokers can hold tokenized securities under existing rules, clarifying the regulatory framework. The SEC granted a no-action letter to a DTCC subsidiary in December, allowing it to provide tokenization services for securities already held in deposit.

Expert Insight: The integration of real-time price feeds is a critical step in bridging the gap between traditional finance and decentralized finance, enabling greater utility for tokenized assets within the DeFi ecosystem.

As of the latest data, these assets now have a combined market capitalization of $543 million, illustrating their increasing role in decentralized finance.

Frequently Asked Questions

What assets are currently supported by this integration?

Currently, SPYon (representing the SPDR S&P 500 ETF), QQQon (representing the Invesco QQQ ETF), and TSLAon (representing Tesla) are supported.

What is the role of Sentora in this process?

Sentora establishes the risk parameters, defining collateral requirements and liquidation rules for the tokenized stocks.

What regulatory steps have been taken regarding tokenized securities?

Nasdaq requested SEC approval to list and trade tokenized stocks, the SEC issued guidance for brokers holding tokenized securities, and a DTCC subsidiary received a no-action letter to provide tokenization services.

As tokenized stocks gain traction, how might this impact the broader financial landscape and the accessibility of traditional assets?