Key Points:
- Ondo activated Chainlink price feeds for SPYon, QQQon, and TSLAon on Ethereum.
- Live feeds enable DeFi lending, automated risk controls, and liquidation logic.
- Feeds include dividends and corporate actions to reduce valuation drift.
- Integration complements Chainlink CCIP cross-chain plan across ten blockchains.
Ondo Global Markets has connected tokenized U.S. equity instruments to Chainlink price oracles, enabling continuous, on-chain pricing for SPYon, QQQon, and TSLAon on Ethereum. The integration provides decentralized protocols with live market data for widely followed equities, a step aimed at making tokenized stocks usable as dependable collateral across DeFi lending, margining, and risk systems.
The feeds are already live and accessible to developers and protocols that rely on precise pricing to automate borrowing limits, liquidations, and portfolio risk controls. For DeFi platforms that interact with traditional market exposure, delayed or off-chain pricing has been a persistent vulnerability.
Why Real-time Equity Pricing Matters for DeFi
Lending protocols set loan-to-value ratios and liquidation thresholds based on collateral prices that can shift quickly during volatile trading sessions. Without timely updates, systems risk under-collateralization or forced liquidations at distorted values. By using Chainlink price feeds, Ondo provides continuous on-chain market updates, reducing reliance on lagging data sources during sharp market moves.
The design targets a long-standing gap between crypto-native risk engines and the speed of traditional equity markets. Real-time pricing helps lending pools respond to intraday swings rather than settle exposure after the fact.
Protocols, including Euler, have begun integrating the feeds to support tokenized equities as collateral for stablecoin borrowing. Users can deposit SPYon, QQQon, or TSLAon, with on-chain pricing driving margin calculations and liquidation logic in real time.
The feeds also incorporate dividend adjustments and corporate action data, enabling tokenized instruments to reflect changes in underlying equity value over time. This reduces pricing drift between on-chain representations and traditional markets, an issue that has previously limited institutional participation in tokenized assets.
Ondo’s setup builds on Chainlink’s cross-chain messaging infrastructure, enabling tokenized assets to move across multiple blockchain networks without fragmenting liquidity. The company plans to expand beyond the initial three equities, with a roadmap that includes more than 100 tokenized assets in future phases.
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