Ondo Stocks to Back USDC Loans on Spout via Solana Covered-Call Strategy

Ondo says Spout plans USDC loans against tokenized stocks on Solana, with borrowing capped at 50% of collateral value and option premiums replacing loan interest.

RWA Wire Research·November 12, 2026·1 min read

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Ondo Finance announced on November 12 that Spout Finance plans to accept Ondo Stocks as collateral for USDC borrowing when the service launches on Solana. The proposed loans would cover up to 50% of the value of deposited tokenized stocks and ETFs. Spout says it would charge borrowers no interest, instead generating returns for lenders through premiums earned from covered-call options. The process relies on Alpaca’s Instant Tokenization Network to redeem Ondo tokens into underlying shares held in a brokerage account, against which Spout would sell calls. Borrowers would surrender gains above the relevant option strike price when calls are exercised. Ondo also warns that falling collateral values could require additional backing or lead to liquidation. The company describes Spout as part of its $250 million Ondo Catalyst initiative. The announcement outlines a future service, not evidence that the lending product is already live.

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Ondo Finance official announcement

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Key takeaways

//Spout plans to accept Ondo tokenized stocks and ETFs as collateral for USDC loans on Solana.
//Proposed borrowing is limited to 50% of collateral value, according to Ondo.
//Covered-call option premiums would fund lenders, while borrowers surrender some potential upside.
//Ondo describes a planned launch and warns of liquidation risk if collateral values fall.

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Ondo Stocks to Back USDC Loans on Spout via Solana Covered-Call Strategy

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