Ondo Finance Launches Tokenization for Institutional Stocks
- Ondo Finance enables eligible institutions to convert stocks and ETFs into tokenized equivalents.
- Institutions can transfer shares from their Alpaca Finance accounts to Ondo through internal book transfers.
- The new in-kind option reduces the need for additional cash to mint tokens, potentially lowering financing costs.
- Conversions are currently available on Ethereum and BNB Chain.
- Ondo has approximately $3.63 billion in distributed assets across 441 products, ranking second behind Securitize.
This new system allows institutions to streamline the process of creating tokenized inventory, addressing timing mismatches between traditional shares and tokenized positions.
With about $3.63 billion in assets, Ondo is now one of the largest tokenization platforms by onchain value.(Source)
