Ondo Finance says its Ondo Global Markets platform has integrated Chainlink as an official data oracle, enabling price information for tokenized US stocks including SPYon, QQQon and TSLAon to be shared on Ethereum.
According to A post from Ondo on Wednesday, the channels are currently being used on Euler, where users can post tokenized shares as collateral to borrow stablecoins.
The integration provides onchain pricing data for tokenized assets, enabling decentralized finance (DeFi) protocols to set collateral parameters and manage liquidations based on reference prices tied to the underlying shares. The channels cover corporate activities such as dividends, allowing applications to reference updated stock values.
Initial support includes SPYon (representing the SPDR S&P 500 ETF), QQQon (representing the Invesco QQQ ETF), and TSLAon (Tesla shares), with additional tokenized stocks and ETFs expected to be added as Oracle expands its footprint and integrates protocols.
As announced, Sentora establishes and monitors risk parameters for recent credit markets, including security factors and liquidation thresholds.
Ondo said the move addresses previous restrictions on tokenized shares, which were largely held for price exposure but were not widely accepted as a security in DeFi. By combining exchange-linked liquidity with onchain pricing data, companies aim to enable broader employ of tokenized shares in credit and other structured products.
The announcement is made after October 2025 cooperation between Ondo Finance and Chainlink, a blockchain oracle network launched in 2017 that designated Chainlink as the primary data provider for Ondo’s tokenized stocks and ETFs.
Related: Wemade uses Chainlink for Korean stablecoin infrastructure
The race to tokenize US stocks
Just like US regulators do spotless The regulatory framework for tokenized securities, legacy financial institutions and crypto platforms are accelerating efforts to place shares on blockchain infrastructure.
In September, Nasdaq filed for a rule change with the U.S. Securities and Exchange Commission (SEC) that would allow it to list and trade tokenized versions of publicly traded stocks, potentially allowing blockchain-based representations of exchange-traded stocks to trade within a regulated exchange framework.
December 11, the same day explained how broker-dealers can hold tokenized securities under applicable regulations, the SEC issued a no-action letter allowing a subsidiary of Depository Trust & Clearing Corporation to launch a tokenization service for securities already held at DTC.
On January 19, the New York Stock Exchange and its parent company, Intercontinental Exchange, said they were developing a blockchain-based platform for trading tokenized stocks and ETFs with 24/7 trading and near-instant settlement, pending regulatory approval.
In terms of cryptocurrencies, over 60 tokenized US stocks were launched on Kraken and Bybit exchanges in June. Developed by Backed Finance under the xStocks brand, the product provides blockchain-based exposure to blue-chip companies, although it is not yet available to US customers.
Meanwhile, fintech Robinhood, which introduced tokenized versions of nearly 500 U.S. stocks to EU users in October, has launched a public testnet for Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum.
On Wednesday, the company he said the network is designed to support tokenized real and digital assets, including 24/7 trading, self-custody, and onchain lending and derivatives applications.
Warehouse: The “biggest catalyst for a Bitcoin bull run” would be the liquidation of Saylor: founder of Santiment
