Ondo Finance launched a direct conversion mechanism allowing approved institutions to tokenize their existing stock and ETF holdings on Ethereum and BNB Chain without needing extra cash deposits. This new in-kind process simplifies token creation by transferring securities internally via Alpaca brokerage accounts, potentially lowering financing costs and improving liquidity. The service is limited to individually approved institutions and excludes U.S.-based clients. Ondo manages $3.63 billion in assets across 441 products, aiming to bridge traditional markets with blockchain-based tokenized stocks.
Ondo Finance's new direct stock-to-token conversion service is presented here with Pluang's cryptocurrency market snapshot as of Sep 22, 2026 14:12 WIB: Among 50 major cryptocurrencies, 42 rose and 7 fell today. Bitcoin (BTC) rose 4.83% to Rp1.523.683.700 with a typical hold time of 110 days and a Pluang order activity skewed 65% sell to 35% buy, contrasting with The Sandbox (SAND) which increased 4.71% to Rp752 and saw 89% buy activity, while Decentraland (MANA) rose 4.62% to Rp1.539 but had 99% sell activity and a longer typical hold time of 155 days.
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