🚨Major ONDO Announcement! Opening a new direct channel to put Wall Street stocks on-chain.
Through our partnership with Alpaca, approved institutions can directly take the traditional stocks they already hold and mint Ondo Stocks tokens; they can also redeem them to exchange back for the underlying real stocks.
No longer do they need to first sell their stocks for cash and then enter the market—institutions’ existing U.S. stock holdings can be directly converted into on-chain tokens, which may bring more traditional financial capital and trading activity to the ONDO ecosystem.
$ONDO
Through our partnership with Alpaca, approved institutions can directly take the traditional stocks they already hold and mint Ondo Stocks tokens; they can also redeem them to exchange back for the underlying real stocks.
No longer do they need to first sell their stocks for cash and then enter the market—institutions’ existing U.S. stock holdings can be directly converted into on-chain tokens, which may bring more traditional financial capital and trading activity to the ONDO ecosystem.
$ONDO
