Ondo lets institutions convert stocks directly into tokenized shares

Bullish-33.03%

21 Sep, 18:35

Source: Cointelegraph

AI Summary

Ondo Finance launches an in-kind conversion system allowing institutions to mint and redeem tokenized US stocks and ETFs on Solana, boosting real-world asset utility and institutional adoption.

Ondo lets institutions convert stocks directly into tokenized shares

Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.