Ondo Opens In-Kind Minting and Redemption for Tokenized US Stocks
- —Approved institutions can exchange US stocks and ETFs held at Alpaca for Ondo Stocks tokens
- —Minting and redemption are available on Ethereum and BNB Chain
- —The in-kind route lets institutions use existing shares without selling them
- —The change was announced on Sept. 21
Why it matters: In-kind minting cuts friction and tax costs when moving shares on-chain, intensifying competition in the tokenized US equities market.
Source: The Defiant