Ondo Finance has introduced a new mechanism enabling approved institutions to mint Ondo Stocks by depositing existing shares they already hold, creating on-chain tokenized representations without needing to convert shares to cash. This approach restricts minting to vetted institutions, aligning with regulatory compliance and institutional frameworks, and differs from open DeFi minting. The move offers institutions tokenized exposure without liquidating positions or triggering taxable events, though specific legal and operational details remain to be clarified. Institutions must verify eligibility, accepted share types, jurisdictions, and terms before participating.
Ondo Stocks introduce a new minting method for approved institutions using existing shares. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 21, 2026 21:02 WIB: 47 of 50 major cryptocurrencies rose today. Notable movers include COMP at Rp402.878 (+11.47%), ADA at Rp4.355 (+11.15%), and BAL at Rp16.297 (+11.14%).
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