Ondo lets institutions convert stocks directly into tokenized shares

Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Bullish ONDO Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional access to tokenized assets boosts Ondo's utility and adoption.