Ondo Finance debuts an in-kind conversion system, allowing institutions to swap underlying securities for tokenized stocks and ETFs to improve platform efficiency.
Ondo launches in-kind conversion for tokenized stocks, expanding its platform utility.
Ondo Finance has introduced an in-kind conversion mechanism, enabling institutional partners to mint and redeem tokenized assets directly with underlying securities. This shift away from cash-based settlement streamlines the integration of traditional financial instruments into the blockchain ecosystem.
It allows approved institutions to mint and redeem tokenized stocks and ETFs using underlying securities directly, bypassing the need for cash transactions.