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Popular tokenization platform Ondo Finance announced on Feb. 11 that Ondo Global Markets has integrated ChainlinkData Feeds for its tokenized stocks and ETFs live on the <a href="https://thestreet.com/crypto/ethereum” rel=”nofollow noopener” target=”_blank”>Ethereum mainnet.
Institutional-grade data for SPYon, QQQon, and TSLAon are now onchain. Data feeds for all assets will go live soon.
This is the first time tokenized stocks are available for use on Ethereum DeFi. Not only that, Ondo tokenized stocks can be reliably used as productive DeFi collateral for the first time.
Beyond being held and traded, tokenized stocks can now be deployed across lending markets, vaults, and structured products to access yields.
With institutional-grade liquidity and oracle infrastructure, Ondo tokenized stocks could revolutionize the DeFi economy.
Traders can now deploy tokenized stocks as productive capital
So far, tokenized securities couldn’t be used like traditional finance offerings as collateral for lending and borrowing.
For DeFi protocols to accept them as collateral, tokenized stocks must first have:
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Deep, reliable liquidity to support near-instant liquidations without significant slippage
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High-integrity, real-time pricing data that reflects all economic events
While Ondo tokenized stocks and ETFs have inherited deep, efficient liquidity directly from traditional equity venues such as Nasdaq and NYSE, they earlier lacked the required institutional-grade onchain data.
Ondo’s integration with Chainlink addresses the concern as institutional-grade pricing tailored specifically for Ondo’s tokenized equities is now onchain.
Each data feed reflects the full economic reality of the underlying asset, including corporate actions such as dividends. This way, DeFi protocols can accurately price Ondo Global Markets assets, safely manage positions, and protect traders during volatile market conditions.
Lending markets for tokenized stocks now live
Following the latest collaboration, Ondo Global Markets assets are going to be integrated into DeFi lending markets.
With initial lending support for SPYon, QQQon, and TSLAon live on Euler, users can borrow stablecoins against Ondo tokenized stocks.
“DeFi shouldn’t stop at crypto. By enabling tokenized stocks as collateral on Euler users can borrow against their equities and unlock liquidity without selling,” said Euler CEO Jonathan Han.
“This transforms static holdings into productive capital while bringing much-needed diversification to DeFi collateral,” Han added.
Source: sg.finance.yahoo.com