Ondo Finance has announced a partnership with Chainlink to utilize its data oracle services for tokenizing U.S. stocks in the DeFi space. This collaboration aims to enhance the application of tokenized stocks by providing institutional-grade pricing for Ondo's on-chain assets. The integration allows DeFi protocols to accurately price assets, manage positions securely, and offer better protection against market volatility.
Initial lending for Ondo's tokenized assets, including SPYon, QQQon, and TSLAon, is now available on Euler, enabling users to borrow stablecoins using these tokenized stocks and ETFs as collateral. Ondo plans to expand the use of tokenized stocks and ETFs to additional markets, treasuries, and structured products, facilitating more efficient capital deployment and portfolio construction.
Ondo Finance and Chainlink Partner to Tokenize US Stocks for DeFi
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
