Ondo Partners with Alpaca to Launch Tokenization Channel for Physical Stocks, Now Live on Ethereum and BNB Chain

PANews, September 21 - According to an announcement from Ondo Finance, approved institutions can now use their existing stock holdings to directly mint Ondo Stocks via Alpaca's Instant Tokenization Network, and can redeem the tokens for the corresponding stocks. This mechanism has been launched on Ethereum and BNB Chain, aiming to improve capital efficiency and enhance secondary market liquidity, spreads, and market depth.