Ondo Stocks supports physical conversion between underlying stocks, tokenized stocks, and ETFs, and adds a primary market issuance channel through Alpaca's Instant Tokenization Network (ITN). Qualified institutions can use existing stock assets to mint Ondo Stocks tokens, or redeem tokens to obtain underlying stocks, and the process is completed through internal ledger transfers. This feature is open to institutions that have been approved by Alpaca and have valid Ondo and Alpaca accounts. It has been launched on Ethereum and BNB Chain.
