Ondo lets institutions convert stocks directly into tokenized shares
Ondo Finance now lets approved institutions convert eligible stocks and ETFs directly into tokenized shares, and redeem those tokens back into the underlying securities. Institutions with Alpaca accounts can move shares to Ondo through an internal book transfer, after which Ondo mints matching tokens onchain. This in-kind route complements Ondo’s existing cash-funded minting model, which requires separate cash even when the institution already owns the shares. The new process can lower capital needs, reduce financing costs, and help avoid timing gaps between traditional and tokenized positions. The service is available on Ethereum and BNB Chain for approved institutional clients with active Alpaca and Ondo accounts. Ondo is one of the largest tokenization platforms, with about $3.63 billion in distributed assets across 441 products.
