Ondo Finance Launches Conversion of Traditional Shares Into Tokenized Stocks for Institutions
- —Ondo Stocks integrated with Alpaca's Instant Tokenization Network
- —Supports conversion between shares, tokenized stocks and ETFs on Ethereum and BNB Chain
- —Available only to approved institutions with accounts at both Ondo and Alpaca
- —Tokens can be redeemed back into underlying shares without extra cash outlay
Why it matters: Lowers barriers for institutions and could accelerate liquidity growth in the tokenized equity market.
Source: Bloomingbit