Ondo Integrates Chainlink and Expands Tokenized Stock Offerings on Ethereum

Ondo Finance has partnered with Chainlink to provide institutional-grade onchain pricing for its tokenized U.S. stocks and ETFs, enabling their use as collateral in DeFi protocols according to reports. The integration includes support for assets like SPYon, QQQon, and TSLAon, ensuring accurate and real-time data for lending, vaults, and structured products as detailed. Ondo and MEXC launched 17 new tokenized U.S. equities as ERC-20 tokens on Ethereum, denominated in USDT, with zero-fee trading for 30 days, expanding access to diversified assets according to business news.

Ondo Finance has integrated Chainlink Data Feeds to provide real-time pricing data for tokenized U.S. stocks and ETFs on Ethereum. This ensures that DeFi protocols, such as Euler, can utilize these tokenized assets as collateral for stablecoin borrowing. The partnership supports institutional-grade pricing, including corporate actions like dividends, allowing for reliable onchain valuation according to industry analysis.

The integration allows smart contracts to access accurate and secure pricing data, a key requirement for DeFi applications that rely on real-time market data. Tokenized assets such as SPYon and QQQon can now be used in lending markets, where users can collateralize them for stablecoins. This marks a milestone in the convergence of traditional finance and decentralized finance ecosystems as reported.

Ondo has also collaborated with MEXC to expand its tokenized stock offerings. The partnership includes 17 new U.S. equity trading pairs from technology, healthcare, and financial sectors, with zero trading fees for 30 days. These ERC-20 tokens are denominated in USDT and supported by MEXC's liquidity infrastructure, enhancing market access for crypto users according to analysis.

What is the significance of Ondo's partnership with Chainlink?

Ondo's partnership with Chainlink provides institutional-grade onchain pricing data for its tokenized U.S. stocks and ETFs, making them usable as collateral in DeFi protocols like Euler. This ensures that the tokenized assets can be priced accurately and managed effectively in lending and structured products as detailed.

The Chainlink integration includes support for corporate actions, such as dividend tracking, which ensures that the tokenized assets remain aligned with their real-world counterparts. This level of accuracy is essential for DeFi protocols to manage risk and set collateral parameters effectively according to market analysis.

By using Chainlink, Ondo strengthens the reliability and security of its tokenized assets, which are now integrated into DeFi applications. This partnership is a key step toward bridging traditional capital markets with decentralized finance according to industry reports.

How does the tokenization of U.S. stocks and ETFs enhance DeFi use cases?

Tokenizing U.S. stocks and ETFs allows them to be used as collateral in DeFi lending markets, opening new opportunities for yield generation and structured products. For example, users can borrow stablecoins against tokenized stocks like SPYon and QQQon through protocols such as Euler as reported.

This integration also enables the use of tokenized assets in vaults and structured products, where they can be combined with other onchain assets for enhanced liquidity and yield strategies. The availability of accurate onchain pricing data ensures that these use cases are supported by reliable market information according to analysis.

The tokenization of traditional assets on Ethereum is expanding the range of collateral available in DeFi. This development aligns with broader efforts to bring real-world assets into blockchain-based financial systems, enhancing the interoperability and functionality of DeFi protocols as detailed.

What are the implications of Ondo's collaboration with MEXC and MetaMask?

Ondo's collaboration with MEXC and MetaMask has significantly expanded access to tokenized U.S. stocks, ETFs, and commodities. MEXC introduced 17 new tokenized equities with zero-fee trading for 30 days, making it easier for users to trade these assets and gain diversified exposure according to market reports.

The integration with MetaMask allows non-U.S. users to trade over 200 tokenized assets directly within the wallet. This expands access to institutional-grade tokenization and supports 24/7 trading for a broader audience outside the U.S., U.K., EEA, and China according to industry analysis.

These collaborations reflect a growing trend of integrating real-world assets into crypto platforms. By leveraging MEXC's liquidity and MetaMask's user base, Ondo is accelerating the adoption of tokenized securities and contributing to the convergence of traditional and decentralized finance according to reports.