Ondo Finance Integrates Chainlink Oracles to Price Tokenised US Equities on Ethereum
February 11 2026 – Ondo Finance announced that its Ondo Global Markets platform now uses Chainlink’s decentralized oracle network as the official source of price data for a suite of tokenised US equities and exchange‑traded funds (ETFs) that run on the Ethereum blockchain. The new feeds, which include the tokenised versions of the SPDR S&P 500 ETF (SPYon), the Invesco QQQ ETF (QQQon) and Tesla Inc. (TSLAon), are already live on the Euler lending protocol, where they can be used as collateral for borrowing stablecoins.
How the integration works
Chainlink delivers tamper‑proof, on‑chain price information that reflects the underlying market value of the real‑world securities. The oracles also incorporate corporate actions such as dividend payouts, allowing DeFi applications to reference up‑to‑date equity valuations rather than static price snapshots. With reliable pricing in place, protocols can set collateral factors, liquidation thresholds, and other risk parameters with greater confidence.
Ondo disclosed that the risk parameters for the fresh lending markets are being overseen by the Sentora risk‑management engine, which will continuously monitor volatility and adjust safeguards as needed. By linking tokenised equities to a trusted data feed, the platform aims to move these assets beyond simple exposure tools and into the core of DeFi collateral markets.
Strategic context
The move follows a strategic partnership sealed in October 2025, in which Ondo appointed Chainlink as its primary data provider for all tokenised stocks and ETFs it issues. The collaboration is part of a broader industry push to bring regulated securities onto public blockchains.
Regulatory activity in the United States has accelerated over the past year. The SEC issued a no‑action letter in December 2025 that permits a subsidiary of the Depository Trust & Clearing Corporation to launch tokenisation services for securities already held in DTC custody. Nasdaq has filed a rule change request that would allow it to list and trade tokenised stocks on its exchange, and the NYSE’s parent company, Intercontinental Exchange, is developing a blockchain‑based platform for 24/7 trading of tokenised assets. On the crypto side, platforms such as Kraken, Bybit, and Robinhood have rolled out tokenised US equities and are building infrastructure to support on‑chain lending, self‑custody, and derivatives.
Market implications
- Expanded DeFi collateral options. Until now, tokenised equities were largely held for speculative price exposure. With Chainlink price feeds, they can be accepted as reliable collateral, unlocking new borrowing and yield‑generating opportunities.
- Improved risk management. Accurate, real‑time pricing reduces the likelihood of under‑collateralised positions and enables protocols to set more precise liquidation parameters.
- Increased institutional interest. By coupling regulated securities with a proven oracle service, Ondo narrows the trust gap that has traditionally kept traditional finance players out of DeFi.
- Catalyst for broader tokenisation. The integration may encourage other issuers to seek on‑chain price solutions, accelerating the migration of conventional assets into the blockchain ecosystem.
Key takeaways
- Ondo Global Markets now uses Chainlink oracles to supply live price data for SPYon, QQQon and TSLAon on Ethereum.
- Euler is the first DeFi protocol to leverage these feeds, allowing users to stake tokenised equities as collateral for stablecoin loans.
- Risk parameters are managed by Sentora, which will adjust collateral factors and liquidation thresholds as market conditions evolve.
- The partnership follows a 2025 strategic deal between Ondo and Chainlink, positioning the oracle as the primary data source for all of Ondo’s tokenised securities.
- Regulatory developments (SEC no‑action letter, Nasdaq and NYSE rule change filings) are creating a more favourable environment for on‑chain securities, and Ondo’s move is a concrete example of that momentum.
- Broader industry activity (tokenised stock offerings on Kraken, Bybit, and Robinhood’s Chain testnet) suggests a rapidly expanding market for blockchain‑based equity exposure.
With reliable on‑chain pricing now in place, tokenised US equities on Ethereum are poised to become a staple component of DeFi lending and structured‑product ecosystems, potentially narrowing the divide between traditional finance and the decentralized economy.
Source: https://cointelegraph.com/news/ondo-integrates-chainlink-data-feeds-for-tokenized-stocks-on-ethereum-mainnet?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
