Ondo isn’t telling a story this time—it has instead opened the “physical asset conversion” door first.
According to official information, Ondo Stocks has launched the physical conversion feature for underlying stocks and tokenized stocks, as well as for ETFs, and it has been integrated with Alpaca’s Instant Tokenization Network. Qualified institutions can mint Ondo Stocks tokens directly from existing shares, or redeem the tokens to get back the underlying shares. The feature is live on both Ethereum and BNB Chain, and is only available to institutions approved by Alpaca. Market commentary is largely bullish on ONDO and the RWA track.
From what we can observe, this will more directly affect two things: first, the friction in capital used by institutions for market making and replenishing inventory; second, the liquidity and bid-ask spread performance in the secondary market for tokenized stocks. On the other hand, it’s also quite clear that short-term news doesn’t automatically mean ONDO will directly pump—what’s truly worth watching is whether subsequent trading volumes, the onboarding of institutions, and on-chain liquidity all expand in sync.
Are you more focused on the “U.S. stock assets on-chain” narrative it brings, or do you care more about the secondary market’s liquidity?
Source: BlockBeats
#ONDO
Image 1: Ondo connects stock physical conversion · Source: a partial screenshot of the webpage
Image source: https://www.theblockbeats.info/flash/368266
According to official information, Ondo Stocks has launched the physical conversion feature for underlying stocks and tokenized stocks, as well as for ETFs, and it has been integrated with Alpaca’s Instant Tokenization Network. Qualified institutions can mint Ondo Stocks tokens directly from existing shares, or redeem the tokens to get back the underlying shares. The feature is live on both Ethereum and BNB Chain, and is only available to institutions approved by Alpaca. Market commentary is largely bullish on ONDO and the RWA track.
From what we can observe, this will more directly affect two things: first, the friction in capital used by institutions for market making and replenishing inventory; second, the liquidity and bid-ask spread performance in the secondary market for tokenized stocks. On the other hand, it’s also quite clear that short-term news doesn’t automatically mean ONDO will directly pump—what’s truly worth watching is whether subsequent trading volumes, the onboarding of institutions, and on-chain liquidity all expand in sync.
Are you more focused on the “U.S. stock assets on-chain” narrative it brings, or do you care more about the secondary market’s liquidity?
Source: BlockBeats
#ONDO
Image 1: Ondo connects stock physical conversion · Source: a partial screenshot of the webpage
Image source: https://www.theblockbeats.info/flash/368266
