Ondo lets approved institutions tokenize existing stocks on Ethereum and BNB Chain without new cash
- —In-kind conversion is live on Ethereum and BNB Chain as of September 21
- —Institutions transfer Alpaca-held shares to Ondo and receive tokens
- —Access is granted case by case after Alpaca approval; Solana is not included
- —Tokens provide economic exposure but are not shares, ETFs or ADRs
Why it matters: The route lets market makers replenish tokenized-stock inventory faster and could deepen secondary-market liquidity.
Source: DiarioBitcoin