Ondo Finance Launches In-Kind Conversion, Letting Institutions Convert Underlying Shares Directly Into Tokenized Stocks
New primary market route, built with Alpaca’s Instant Tokenization Network, allows approved institutions to mint and redeem Ondo Stocks using existing share inventory instead of cash, supporting tighter spreads and deeper secondary market liquidity Ondo Finance announced that Ondo Stocks now supports in-kind conversion between underlying shares and tokenized stocks......