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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InChainlink has announced the activation of its price feeds for Ondo-issued tokenized US stocks (SPYon, QQQon, TSLAon) on the Ethereum network. This significant development enables these tokenized equities to be utilized as collateral within decentralized finance (DeFi) lending markets, enhancing their utility and value. The move aims to integrate tokenized real-world assets (RWA) more deeply into the DeFi ecosystem by providing reliable price data. This is expected to increase liquidity and adoption for these assets and the platforms involved. The activation represents a strong boost for the RWA narrative within decentralized finance, signaling potential expansion in DeFi applications.