Hassan Maishera
Chainlink announced via X on Wednesday that Ondo Finance has adopted Chainlink as its official data oracle to accelerate adoption of tokenized stocks & ETFs.
Thanks to this adoption, for the first time, tokenized U.S. equities like QQQon and TSLAon can now be used across Ethereum DeFi, secured by institutional-grade data.
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.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 2% over the past 24 hours and is trading at $8.391 at press time.
