TREE NEWS update: Ondo has launched an in-kind conversion system that lets approved institutions mint and redeem tokenized stocks and ETFs using the underlying securities rather than cash. The mechanism is aimed at institutional participants, allowing them to move directly between conventional equities and their tokenized counterparts. No launch date or fee details were disclosed.
Ondo Adds In-Kind Conversion of Stocks Into Tokenized Shares
The notable shift here is structural rather than promotional: an in-kind mint/redeem rail ties tokenized equities to the same creation-and-redemption logic that underpins ETFs, which matters for the institutional desks that treat cash-settled tokenization as an operational compromise. It positions Ondo against venues that only support cash legs, though the absence of fee and launch details leaves the economics and timing unresolved. The open question is whether approved institutions actually route size through in-kind conversion, or continue treating tokenized shares as a satellite position.
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