Ondo Finance has integrated Chainlink's oracle services to provide institutional-grade pricing data for its tokenized U.S. stocks and ETFs.

This integration allows tokenized equities, such as QQQon (representing the Invesco QQQ ETF) and TSLAon, to function as high-quality collateral within the DeFi ecosystem. By ensuring reliable and accurate price feeds, the partnership addresses a critical infrastructure need for using real-world assets (RWAs) in decentralized lending and borrowing protocols.

The collaboration extends beyond data provision, as Ondo will leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to help bring institutional clients and their assets on-chain. As part of the initiative, Chainlink has also joined the Ondo Global Market Alliance, a consortium focused on accelerating the adoption of tokenized securities.

This move signals a key development in bridging traditional financial markets with decentralized infrastructure, creating new utility for tokenized assets while establishing a more robust framework for on-chain collateralization.

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https://Ondo.finance/blog/defi-adoption-of-ondo-tokenized-stocks-live