According to Wu Blockchain, Ondo Finance has announced that Ondo Stocks has launched a two-way physical conversion feature for underlying stocks and tokenized stocks/ETFs. By integrating with Alpaca's Instant Tokenization Network (ITN), approved institutions can directly transfer existing stocks into Ondo's account on Alpaca to mint corresponding Ondo Stocks tokens. They can also redeem tokens to retrieve the underlying stocks without needing to sell stocks to raise cash first. This feature now supports Ethereum and BNB Chain and is only available to institutions that have completed account setup and approval processes. Ondo stated that this move is expected to reduce funding costs for market makers and improve secondary market liquidity for tokenized securities. https://www.(wublock123.com)/news/ondo-stocks-tokenized-stock-etf-physical-conversion-68752