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.
Key Takeaways
- 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.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Slowmist Warns Darksword iOS Exploit Targets Crypto Wallet Keys
23pds, Chief Information Security Officer at Slowmist, reported the evolution of this exploit, which, due to the combination of several techniques, allows threat actors to steal wallet private keys and other data. Users must update their phones to the latest…

Why this investment bank expects little demand for tokenized stocks despite SEC’s new trading rules
TD Cowen expects limited demand for tokenized stocks despite new SEC rules opening a path for trading outside traditional markets.

Europe’s Central Bank Prepares to Invest Own Funds in Tokenized Securities
The central bank plans to buy euro-denominated public-sector debt and settle the transactions through its new Pontes service.