The move aims to transform “static” tokenised equities into productive capital, bridging the gap between traditional stock market liquidity and DeFi ecosystems.
Ondo Finance is powering price feeds for tokenised US stocks, according to a recent blog post.
On Wednesday, the platform said its Ondo Global Markets platform has integrated Chainlink as its official oracle, putting live on-chain price feeds in place for its tokenised equities: SPYon, QQQon and TSLAon.
The feeds are already being used on Euler, where users can deposit the tokens as collateral and borrow stablecoins.
Ondo said tokenised equities have mostly been used for simple price exposure and were rarely accepted as collateral. By pairing exchange-linked liquidity with on-chain price feeds, it says the assets can plug into lending markets and other structured DeFi products. More tokenised stocks and ETFs are expected as oracle coverage and protocol integrations expand.
Tokenising US Stocks
The integration follows an October 2025 Ondo-Chainlink partnership that designated Chainlink as the primary data provider for Ondo’s tokenised stocks and ETFs.
Tokenisation refers to representing ownership or value of real-world assets as blockchain tokens, typically on networks such as Ethereum, to enable on-chain transfer and settlement.
The move comes as more traditional institutions are embracing these benefits, including Nasdaq, which recently extended US equities trading to nearly 24 hours a day, as Crypto News Australia reported.
CME Group CEO Terry Duffy has also said the firm is exploring a potential “CME coin” on a decentralised network.
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