Ondo Finance Launches In-Kind Stock Tokenization for Institutions on Ethereum and BNB Chain

Ondo Finance launched an in-kind conversion system letting approved institutions mint tokenized stocks using actual shares instead of cash. Conversions are live on Ethereum and BNB Chain through Alpaca's Instant Tokenization Network. The system removes the need for separate cash funding when minting tokenized positions. Ondo has $3.63 billion in distributed assets.