Borrow against tokenized Alibaba
Teller pools accept BABAon, Ondo's tokenized Alibaba share, as collateral on Ethereum at up to 66.7% LTV, lending USDC at 6% APR. It is the only non-US company in the tokenized set here. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| BABAon | Ethereum | 66.7% | 6% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
The one non-US company in the set
Every other tokenized share Teller accepts tracks a US-listed company. Alibaba is a Chinese company, and its price responds to a different set of inputs: policy out of Beijing, listing rules that have changed more than once, and a US-China relationship that moves the stock on days when the S&P does not notice.
For a borrower that is a diversification argument. Depositing BABAon puts collateral behind your loan that is not driven by the same news as tokenized Apple, tokenized NVIDIA or, for that matter, the crypto market.
The row clears 66.7% at 6% APR, level with tokenized NVIDIA and with wrapped bitcoin.
Time zones do not gate the loan
The underlying share trades in New York during US market hours. The pool does not close. You can deposit collateral and draw a loan on a Sunday, and the token keeps a price the whole time even though the exchange behind it is shut.
That gap between a 24-hour token and a market-hours share is widest on a stock with an overnight news cycle in another timezone. It affects what the token is worth when trading reopens; it does not affect the loan, which has no liquidation threshold during the term.
The token and the deposit
The contract at 0x41765f0fcddc276309195166c7a62ae522fa09ef reads “Alibaba (Ondo Tokenized)” with a supply of about 14,642 tokens. Ondo holds the underlying share; the token carries no vote and no direct claim on the company.
Deposit BABAon, receive USDC, repay or roll on the due date. Every loan is fixed-term with no margin-call. Miss the due date and the collateral is forfeit. The pool is on Ethereum, so budget mainnet gas across the approval and the borrow.
The full set is on the tokenized stocks page.
Frequently asked questions
Yes. A Teller pool on Ethereum lends USDC against BABAon at 0x41765f0fcddc276309195166c7a62ae522fa09ef.
Its price responds to different inputs, including policy out of Beijing and the US-China relationship, so it is not driven by the same news as tokenized Apple or NVIDIA, or by the crypto market.
Yes. The pool does not keep market hours, so you can deposit and draw a loan at any time even though the exchange behind the share is shut.
The loan does not change. There is no liquidation threshold during the term, so the gap affects what the collateral is worth and not what you owe.
No. The token tracks the share price and Ondo holds the underlying share. There is no vote and no direct claim on the company.
Open a loan
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