Ondo enables eligible institutions to convert stocks into tokenized shares
Ondo Finance introduced a system for eligible institutions to convert stocks and ETFs into tokenized equivalents, including a pathway to redeem tokens for underlying shares.
Ondo Finance has introduced a way for eligible institutions to convert stocks and exchange-traded funds directly into their tokenized equivalents, or redeem the tokens for the underlying shares. Under the new system, approved institutions can transfer shares from their Alpaca accounts to Ondo through the new process.