Ondo Global Markets has teamed up with Chainlink to utilize its Data Feeds, enhancing onchain pricing for tokenized U.S. stocks and ETFs, reinforcing the integration of traditional securities into DeFi.
Ondo Global Markets has announced a strategic partnership with Chainlink, adopting Chainlink Data Feeds as its official oracle solution to enhance onchain pricing for its tokenized U.S. stocks and ETFs.
Chainlink’s decentralized oracle networks will enable smart contracts on Ondo’s platform to securely interact with external data sources, ensuring accurate and reliable pricing information for tokenized assets such as SPYon, QQQon, and TSLAon. These feeds are now live and are already securing DeFi applications like Euler, allowing users to borrow stablecoins against tokenized stocks and ETFs used as collateral.
Tokenized securities can now be securely and reliably used as productive DeFi collateral, including within lending markets, vaults, and structured products—all backed by institutional-grade market data powered by Chainlink.
This article was generated with the assistance of AI workflows.
Source: https://thedefiant.io/news/defi/ondo-global-markets-taps-chainlink-for-us-stock-price-feeds
