Ondo Finance has introduced an in-kind conversion route allowing approved institutions to directly convert existing shares into Ondo Stocks tokens via Alpaca’s Instant Tokenization Network on Ethereum and BNB Chain. This new process eliminates the need for separate cash funding when minting tokens, potentially lowering financing costs and improving liquidity for market makers. Access is limited to institutions with active Ondo and Alpaca accounts and approved on a case-by-case basis. Ondo’s platform currently manages $3.63 billion in distributed assets, and this feature adds a primary-market route alongside its existing cash-funded minting process, aiming to enhance secondary market efficiency.
Ondo Finance's new tokenized stock conversion arrives as 42 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 22, 2026 12:01 WIB: AXS (Axie Infinity) increased 6.97% to Rp19.258 with a typical hold time of 62 days and 97% sell order activity; THETA (Theta Network) rose 6.75% to Rp4.065 with a 77-day hold time and balanced buy/sell activity; AVAX (Avalanche) fell 6.61% to Rp191.653 with an 87-day hold time and 55% buy order activity.
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