Ondo lets institutions convert stocks directly into tokenized shares

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OpenBook briefing: Ondo lets institutions convert stocks directly into tokenized shares. What it means for equities, FX and crypto traders.

OpenBook market desk: Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.

Why this matters for multi-asset traders

The headline theme is "Ondo lets institutions convert stocks directly into tokenized shares". We reframe the story for readers tracking equities, FX majors and crypto liquidity - without copying the original wording.

Watch related price action on OpenBook movers and treat this note as information, not investment advice.

Based on reporting from Cointelegraph. Read the original.