Ondo Finance Unveils DeFi App for Tokenized U.S. Stocks Powered by Chainlink

By: crypto insight|2026/02/19 19:00:01

Key Takeaways

Ondo Finance has launched a groundbreaking DeFi application, utilizing Chainlink as its official data oracle, to introduce tokenized U.S. stocks on the blockchain.
Institutional-grade assets like QQQon and TSLAon are leveraged as collateral, marking a significant development in Ethereum’s DeFi landscape.
This application provides new opportunities for on-chain lending and structured financial products, integrating TradFi liquidity and oracle data.
Euler Finance vaults are among the first projects to harness this innovation, managed by Sentora and secured by Chainlink for optimal risk management.
This development signifies a pivotal moment as tokenized stocks become integrated into the decentralized finance ecosystem.

WEEX Crypto News, 2026-02-19 09:43:02

Introduction: Revolutionizing DeFi with Tokenized Stocks

In a world increasingly driven by digital assets and decentralized finance (DeFi), the advent of tokenized U.S. stocks on the blockchain represents a transformative evolution. Ondo Finance’s latest innovation marks a pioneering step in this direction, leveraging Chainlink for data accuracy and security. This DeFi application now enables users to engage with tokenized versions of U.S. stocks, such as QQQ and TSLA, enhancing the scope and potential of blockchain technology within traditional financial markets. The fusion of traditional finance (TradFi) with emerging decentralized systems underscores a broadening horizon for financial operations, flexibility, and inclusivity.

The Role of Chainlink in Ondo Finance’s DeFi Application

Chainlink, renowned for its robust and secure decentralized oracle networks, plays an instrumental role in the functionality of Ondo Finance’s new platform. By utilizing Chainlink’s data oracle services, the application ensures that price feeds for tokenized stocks remain accurate, timely, and tamper-resistant. This integration is crucial for maintaining the trust and reliability essential to executing decentralized financial transactions. The application of Chainlink’s technology ensures that financial data, which is critical for smart contracts and DeFi operations, is always precise and reflective of real-world conditions. This not only safeguards users but also builds confidence in the system, encouraging broader participation.

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Exploring the Tokenization of U.S. Stocks

Tokenization of assets, particularly stocks, offers a myriad of benefits that align well with the ethos of decentralized finance. By transforming traditional stocks into blockchain-based tokens (like QQQon and TSLAon), Ondo Finance introduces a new level of accessibility and utility to these assets. Tokenized stocks enable fractional ownership, thereby reducing entry barriers for small investors and democratizing access to wealth-building opportunities. Furthermore, the ability to use these tokenized stocks as collateral in DeFi platforms unlocks new avenues for lending, borrowing, and structured financial products, consequently enhancing liquidity and efficiency within financial markets.

Leveraging TradFi Liquidity with Blockchain Solutions

The collaboration between traditional finance and blockchain solutions creates a seamless integration that leverages the strengths of both systems. Ondo Finance’s application unlocks a new paradigm where traditional assets can now participate in the decentralized space. By bridging liquidity from TradFi to blockchain ecosystems, Ondo Finance enables more robust financial interactions, fostering innovation and expanding possibilities for investors. The integration of tokenized stocks into DeFi not only enhances liquidity but also promotes resilience against market fluctuations, ensuring a more stable financial environment for all participants.

The Impact on Ethereum’s DeFi Landscape

This development by Ondo Finance marks a significant milestone in the Ethereum DeFi landscape. It is the first instance where tokenized stocks are utilized as collateral within Ethereum’s blockchain, setting a precedent for future integrations and innovations. The utilization of tokenized stocks as collateral introduces a new asset class into the DeFi space, allowing for more diversified investment strategies and financial operations. This expansion of asset classes further enhances the robustness and attraction of DeFi platforms, making them more appealing to both individual and institutional investors seeking new opportunities.

Euler Finance and Sentora’s Role in Risk Management

In the realm of decentralized finance, risk management is crucial. The integration of Euler Finance vaults managed by Sentora demonstrates a commitment to ensuring the security and stability of financial operations within Ondo Finance’s ecosystem. Sentora, a leader in risk management, provides expertise in navigating potential fiscal uncertainties, while Euler Finance offers innovative vault solutions that safeguard user assets. Chainlink’s role in securing these operations further enhances confidence, making it an attractive proposition for users interested in exploring DeFi with minimal risk exposure.

Expanding Horizons: The Future of DeFi and Tokenized Assets

The launch of Ondo Finance’s application signifies a broader movement toward the integration of real-world assets into the blockchain realm. As tokenization continues to evolve, it is set to revolutionize how assets are transacted and utilized globally. The fusion of traditional asset value with blockchain’s immediacy, security, and transparency promises a financial landscape that is more inclusive, accessible, and efficient. As this trend gains momentum, the scalability, and adaptability of blockchain technologies will be further tested and refined, ultimately shaping the future of global finance.

Advantages of Embracing DeFi and Blockchain

Adopting DeFi solutions presents numerous advantages, such as enhanced security, efficiency, and transparency. The immutable nature of blockchain technology ensures that all transactions are chronologically and cryptographically recorded, reducing fraud risk and building trust among users. Additionally, the decentralized nature of these systems minimizes the need for intermediaries, resulting in lower transaction costs and more efficient processes. These features, combined with the innovative use of tokenized assets, create a fertile ground for financial inclusivity, fostering a system where everyone, regardless of their background, can participate equitably in the global economy.

Conclusion: A New Era in Finance

Ondo Finance’s launch of its DeFi app for tokenized U.S. stocks supported by Chainlink marks a pivotal moment in the evolution of financial technology. By seamlessly integrating traditional financial assets with innovative blockchain solutions, Ondo Finance not only expands the possibilities for investors but also sets a new standard for what can be achieved in the DeFi space. As this landscape continues to evolve, the collaboration between blockchain technology and traditional finance will undoubtedly lead to more exciting developments, ultimately creating a more inclusive and dynamic financial ecosystem.

FAQ

What is the significance of tokenized stocks in DeFi?

Tokenized stocks bring traditional assets into the decentralized finance space, offering fractional ownership and serving as collateral for financial operations on blockchain platforms, thereby expanding investment possibilities and enhancing market liquidity.

How does Chainlink support Ondo Finance’s platform?

Chainlink provides essential data oracle services that ensure accurate and reliable price feeds for tokenized stocks, safeguarding the integrity of financial transactions within the Ondo Finance ecosystem.

What role does Euler Finance play in this setup?

Euler Finance vaults are integrated with Ondo Finance’s platform to provide secure and innovative risk management solutions, protecting user assets and ensuring stable financial operations.

How does the integration of TradFi liquidity benefit DeFi platforms?

By bridging liquidity from traditional finance to blockchain ecosystems, DeFi platforms gain enhanced liquidity and resilience, which leads to more robust financial interactions and innovative investment opportunities.

What future developments can be expected in DeFi with tokenized assets?

The tokenization of assets is likely to catalyze further advancements in DeFi, promoting scalability and inclusivity by integrating more real-world assets into blockchain, thereby reshaping global finance with greater accessibility and efficiency.

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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