Ondo Adds In-Kind Minting for Tokenized US Stocks via Alpaca

The significance lies in the mechanism, not the product: letting institutions contribute existing share inventory rather than cash lowers the operational friction of creating tokenized equity exposure, which matters most for desks already holding the underlying. Restricting it to approved participants keeps this a closed-loop institutional flow rather than an open retail on-ramp. The question worth watching is whether in-kind contribution becomes the default issuance route for tokenized equities, since it aligns token supply with real inventory already sitting on balance sheets.