[Ondo Stocks Launches Physical Conversion Function for Stocks and Tokenized Assets, Adds Primary Market Issuance Channel] Odaily Planet Daily News: Ondo announced that Ondo Stocks now supports physical conversion between underlying stocks and tokenized stocks or ETFs, and has added a primary market issuance channel through Alpaca's Instant Tokenization Network (ITN). Eligible institutions can use existing stock assets to mint corresponding Ondo Stocks tokens or redeem tokens to obtain the corresponding underlying stocks. This process is completed through internal ledger transfers without requiring manual approval for each transaction. This feature is currently only available to institutions that have been reviewed and approved by Alpaca, hold valid accounts with both Ondo and Alpaca, and have completed the relevant account opening and approval processes. It is now live on Ethereum and BNB Chain.