Euler now supports the three options contracts as collateral, letting users borrow stablecoins using Chainlink pricing data.
Ondo Finance has announced a new partnership with Chainlink, making the latter the official data oracle for its tokenized securities platform, Ondo Global Markets. Chainlink’s Data Feeds now provide market pricing for tokenized assets issued on Ondo, making that data available to DeFi protocols.
The rollout will target one of the core requirements for collateralized lending. Protocols need a reliable reference price to value collateral and trigger liquidations when positions breach risk limits. Ondo said Chainlink feeds reflect the full economic reality of the underlying securities, including corporate actions such as dividends, to keep the onchain reference price aligned with adjustments that occur in traditional markets.
The first set of feeds covers options contracts for SPDR (SPYon), Invesco (QQQon), and Tesla (TSLAon). This is the first time tokenized stocks are available for use as collateral on Ethereum DeFi. With the feeds live on Ethereum, protocols can reference prices for collateral valuation and liquidation execution when users supply tokenized equities and borrow stablecoins.
Ondo linked the launch to its liquidity model for tokenized equities. The firm said its tokenized stocks and ETFs inherit liquidity from traditional equity venues, and the addition of Chainlink pricing data enables DeFi protocols to integrate these assets with standard risk controls.
Ondo also said additional tokenized U.S. stocks and ETFs on Ondo Global Markets are planned for Chainlink feed support. Previously, we covered Ondo Finance’s plan to build a full prime brokerage stack for tokenized assets, spanning execution, custody, financing, and onchain collateral.
Euler has already integrated the Chainlink feeds, enabling users to supply SPYon, QQQon, and TSLAon as collateral and borrow stablecoins against them. The deployment uses a risk-isolated market structure, with parameters such as collateral factors, borrow caps, and liquidation thresholds set for the tokenized equity markets.
Euler CEO Jonathan Han said:
DeFi shouldn’t stop at crypto. By enabling tokenized stocks as collateral on Euler, users can borrow against their securities and unlock liquidity without selling.
Yesterday, CNF reported that Robinhood launched a public testnet for Robinhood Chain, an Arbitrum-based Ethereum Layer 2, and also integrated Chainlink for market data and tokenization workflows.
Ondo plans to broaden where these assets can be used across DeFi. The company pointed to additional lending markets, vaults, and structured products as future venues as more Ondo tokenized stocks and ETFs receive Chainlink feed coverage.
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