Ondo Finance Enables In-Kind Stock Tokenization for Institutions

Ondo Finance has launched an in-kind conversion system for institutions to mint tokenized stocks using actual shares instead of cash. This new feature is now live on Ethereum and BNB Chain through Alpaca's Instant Tokenization Network.

The in-kind route eliminates the need for separate cash funding when minting tokenized positions, which could lower financing costs and reduce timing mismatches for market makers managing tokenized inventory.

Ondo Finance currently has $3.63 billion in distributed assets across 441 products as of September 22. Only institutions approved by Alpaca on a case-by-case basis can use the new conversion route.