Ondo Finance’s expansion into Tokenized Treasuries and equities initially drove its RWA scale, lifting the TVL beyond $2.5 billion and concentrating liquidity within on-chain fixed-income and equity wrappers.
As issuance and secondary trading volumes grew, pricing infrastructure became a structural constraint. Tokenized equities relied on scattered or partly centralized oracle sources, which made their value information slow, vulnerable to manipulation, and inefficient during market fluctuations.
These data integrity frictions are directly limited to collateral usability across lending venues. To neutralize this bottleneck, Ondo Finance [ONDO] formalized Chainlink Data Feeds as its primary pricing layer. Standardized, multi-source valuations then made it possible for tokenized equities to become collateral-grade assets.
This integration will make it easier to accurately sell off assets, automatically adjust vaults, and carry out structured products. This makes the oracle partnership a necessary upgrade, instead of just a marketing strategy.
On-chain pricing rails activate for tokenized equities
Ondo’s tokenized equities moved deeper on the blockchain as Chainlink [LINK] Data Feeds were activated on Ethereum [ETH] on 11 February 2026. Real-time pricing, including dividends and splits, began securing assets like SPYon, QQQon, and TSLAon.
Consequently, these tokens gained DeFi collateral utility on platforms such as Euler. On-chain issuance then scaled through instant mint-burn rails, aligning supply with demand. Trading activity followed, pushing the cumulative volume beyond $7 billion while the TVL crossed $500 million.
Source: DeFiLlama
Meanwhile, listings expanded to 200+ equities across multiple chains. This progression signaled a shift from pilot deployment to systemic infrastructure, strengthening liquidity depth, pricing integrity, and executable DeFi integration for tokenized real-world equities.
Ondo anchors tokenization scale past $17 billion
Building on the infrastructure expansion, tokenized funds have now crossed the $17 billion market cap threshold.
This marks acceleration, not emergence. Growth stayed gradual through early tokenization pilots. However, adoption steepened as real-world collateral entered lending rails.
Source: TokenTerminal
Ondo Finance remains pivotal in this transition. Its treasury-backed products normalized yield expectations across DeFi. As a result, capital rotated from emissions-driven pools into regulated fund exposure.
Simultaneously, issuers like Maple and Securitize scaled token supply. And yet, Ondo’s integrations pushed deeper utility. Tokenized funds increasingly serve as borrow collateral, not static allocations.
Therefore, tokenization is shifting from an access narrative to a balance sheet function. This progression matters. Collateral-grade RWAs compress DeFi’s risk premium while stabilizing yield baselines. If momentum holds, Ondo’s data and issuance stack could anchor the next phase of credit expansion across on-chain markets.
Final Thoughts
• Standardized oracle pricing has removed the final infrastructure barrier, converting tokenized equities from passive wrappers into collateral-grade balance sheet instruments.
• As tokenized fund capitalization surpassed $17 billion, Ondo’s issuance and data stack positioned RWAs as yield-bearing collateral.
Source: https://ambcrypto.com/chainlink-teams-up-with-ondo-finance-to-tap-into-defis-utility-details/
