Ondo Launches New Feature to Tokenize Physical Stocks Directly Through Alpaca Partnership

โดย NADA NEWS·US·Read original
Summary · why it matters

Ondo Finance announced on September 21 a new feature that allows financial institutions and others to directly exchange physical U.S. stocks and ETFs they hold for corresponding tokenized products. The feature is integrated with Alpaca's Instant Tokenization Network, or ITN, a securities trading infrastructure provider. Eligible institutions can transfer shares held in their Alpaca account to an Ondo account and receive the corresponding stock tokens, called Ondo Stocks, or conversely redeem the tokens to receive physical shares. The service currently supports Ethereum and the BNB Chain, and is limited to institutions that have passed screening by both Ondo and Alpaca. Until now, Ondo offered a mechanism to issue tokenized stocks using cash or stablecoins, but even if an institution already held the underlying shares, it could not issue tokens directly using them and had to prepare separate funds. Under the new mechanism, held shares can be tokenized directly without the step of selling them and converting them into cash, making it easier to reduce funding costs and timing gaps that arise between physical stock inventory and tokenized positions. Because it becomes easier to replenish token inventory, Ondo says this will lead to narrower spreads, the difference between buying and selling prices, and greater liquidity.

Impact on assets 1

Others▲ · 1 stocks
Ethereum
ETH-USD
▲ PositiveTechnologyrelevance

Ondo's new tokenized-stock feature runs on Ethereum, adding tokenization activity to the network.

Theme Impact 2

Off-coverage companies 2

Ondo FinancePrivate▲ Positive
Technologyrelevance

Ondo launches a new feature enabling institutions to tokenize held U.S. stocks and ETFs directly, improving liquidity and narrowing spreads.

AlpacaDB, Inc. (Alpaca)Private▲ Positive
Demandrelevance

Alpaca's Instant Tokenization Network is integrated into Ondo's new feature, bringing institutional share-tokenization flow through its infrastructure.

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