Ondo Adds In-Kind Minting for Tokenized US Stocks Through Alpaca

Ondo opens in-kind minting for tokenized US stocks

Ondo has opened in-kind minting for its tokenized US stocks, according to The Defiant. Approved institutions can now swap share inventory they already hold for Ondo Stocks through Alpaca.

Tokenized stocks are digital tokens that represent shares. In-kind minting means an institution uses the asset itself — in this case existing shares — rather than cash to create those tokens.

What the new issuance route changes

• Approved institutions can exchange existing share inventory for Ondo Stocks.
• The exchange runs through Alpaca, according to the report.
• The route replaces the separate cash funding that Ondo's existing issuance flow required.

What is confirmed

The Defiant reports that Ondo has opened in-kind minting for tokenized US stocks and that the process is available to approved institutions. The same report states the shares are swapped through Alpaca and that this removes the separate cash funding step used in the platform's existing issuance flow.

What is still unclear

The source does not say which specific stocks are covered, which institutions are approved, what fees or limits apply, or when the new route became available. It also does not give figures on how much share inventory has been swapped or how many institutions are taking part. The Defiant's report is based on the platform's announcement, and no independent confirmation of the details is included in the supplied material.

Why it matters for tokenized markets

Based on the supplied report, the change is about how tokenized stocks are created rather than about any single stock. Institutions that already hold shares no longer need to raise separate cash to take part, which the report presents as a removal of a funding step in Ondo's existing issuance process.

Sources

• The Defiant