Ondo lets institutions convert stocks directly into tokenized shares
60-second summary
Ondo launches an in‑kind conversion system that lets approved institutions mint and redeem tokenized stocks and ETFs by delivering the actual underlying securities rather than cash, streamlining issuance and reducing settlement risk. The protocol supports major equities and ETF families, offering faster, lower‑cost access to digital markets and potentially boosting institutional adoption of tokenized assets.
Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.