Ondo Stocks launches in-kind conversion between stocks and tokenized assets, initially covering Ethereum and BNB Chain

AT A GLANCE

Ondo Stocks, through Alpaca,ITN opens in-kind minting and redemption of stocks and their corresponding tokenized stocks,ETF currently only for approved institutions.

Article

Ondo Launches In-Kind Conversion Functionality for Stocks and Tokenized Assets

BlockBeats news,September 21, according to official sources, Ondo announced that Ondo Stocks now supports in-kind conversions between underlying stocks and tokenized stocks,ETF and has added a primary-market issuance channel through Alpaca's Instant Tokenization Network（ITN）. Eligible institutions can use their existing stock assets to mint corresponding Ondo Stocks tokens, or redeem tokens to receive the corresponding underlying stocks.

Specifically, after an institution initiates a mint, the underlying stocks it holds will be transferred via internal book-entry transfer from its Alpaca account to Ondo's Alpaca account, after which the corresponding tokens will be issued on supported blockchains; the redemption process operates in reverse. This mechanism does not require manual approval for each transaction, helping institutions more conveniently convert between traditional stock assets and on-chain tokenized assets, and is expected to increase liquidity in the Ondo Stocks secondary market and narrow spreads.

At present, this functionality is available only to institutions reviewed and approved by Alpaca and is not a general feature of Ondo Stocks. Participating institutions must maintain valid Ondo and Alpaca accounts and complete the relevant account-opening and approval procedures; the conversion functionality is now live on Ethereum and BNB Chain.

Original link https://m.theblockbeats.info/flash/368266

Key points

Ondo Launches In-Kind Conversion Functionality for Stocks and Tokenized Assets BlockBeats news,September 21, according to official sources, Ondo announced that Ondo Stocks now supports in-kind conversions between underlying stocks and tokenized stocks,ETF and has added a primary-market issuance channel through Alpaca's Instant Tokenization Network（ITN）. Eligible institutions can use their existing stock assets to mint corresponding Ondo Stocks tokens, or redeem tokens to receive the corresponding underlying stocks. Specifically, after an institution initiates a mint, the underlying stocks it holds will be transferred via internal book-entry transfer from its Alpaca account to Ondo's Alpaca account, after which the corresponding tokens will be issued on supported blockchains; the redemption process operates in reverse. This mechanism does not require manual approval for each transaction, helping institutions more conveniently convert between traditional stock assets and on-chain tokenized assets, and is expected to increase liquidity in the Ondo Stocks secondary market and narrow spreads. At present, this functionality is available only to institutions reviewed and approved by Alpaca and is not a general feature of Ondo Stocks. Participating institutions must maintain valid Ondo and Alpaca accounts and complete the relevant account-opening and approval procedures; the conversion functionality is now live on Ethereum and BNB Chain. Original link

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

No additional explanation is available beyond the summary.

Why it matters to readers

The report explicitly cites official Ondo information and discloses the conversion process, access requirements, and supported networks, providing relatively specific information; however, the supplied materials do not include the original official announcement for independent verification. This feature expands primary-market channels for tokenized securities, but it is currently available only to approved institutions, with limited coverage.

Watch for subsequent official information and do not make decisions based on a single report.

Risks and unknowns

The number of approved institutions disclosed by Ondo or Alpaca, and actual minting and redemption volumes
Changes in Ondo Stocks secondary-market trading volume, liquidity, and spreads
Whether the scope of supported networks, stocks, and ETF expands
Changes in securities compliance, custody, and investor access in relevant jurisdictions

AT A GLANCE

Ondo Stocks, through Alpaca,ITN opens in-kind minting and redemption of stocks and their corresponding tokenized stocks,ETF currently only for approved institutions.

Article

Ondo Launches In-Kind Conversion Functionality for Stocks and Tokenized Assets

Original link https://m.theblockbeats.info/flash/368266

Key points

Ondo Launches In-Kind Conversion Functionality for Stocks and Tokenized Assets BlockBeats news,September 21, according to official sources, Ondo announced that Ondo Stocks now supports in-kind conversions between underlying stocks and tokenized stocks,ETF and has added a primary-market issuance channel through Alpaca's Instant Tokenization Network（ITN）. Eligible institutions can use their existing stock assets to mint corresponding Ondo Stocks tokens, or redeem tokens to receive the corresponding underlying stocks. Specifically, after an institution initiates a mint, the underlying stocks it holds will be transferred via internal book-entry transfer from its Alpaca account to Ondo's Alpaca account, after which the corresponding tokens will be issued on supported blockchains; the redemption process operates in reverse. This mechanism does not require manual approval for each transaction, helping institutions more conveniently convert between traditional stock assets and on-chain tokenized assets, and is expected to increase liquidity in the Ondo Stocks secondary market and narrow spreads. At present, this functionality is available only to institutions reviewed and approved by Alpaca and is not a general feature of Ondo Stocks. Participating institutions must maintain valid Ondo and Alpaca accounts and complete the relevant account-opening and approval procedures; the conversion functionality is now live on Ethereum and BNB Chain. Original link

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

No additional explanation is available beyond the summary.

Why it matters to readers

Watch for subsequent official information and do not make decisions based on a single report.

Risks and unknowns

The number of approved institutions disclosed by Ondo or Alpaca, and actual minting and redemption volumes
Changes in Ondo Stocks secondary-market trading volume, liquidity, and spreads
Whether the scope of supported networks, stocks, and ETF expands
Changes in securities compliance, custody, and investor access in relevant jurisdictions

Ondo Stocks launches in-kind conversion between stocks and tokenized assets, initially covering Ethereum and BNB Chain

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Ondo Stocks launches in-kind conversion between stocks and tokenized assets, initially covering Ethereum and BNB Chain

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

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