Ondo Finance Links Tokenized Stocks to Alpaca Brokerage Accounts

The new route functions as a primary-market alternative to Ondo’s existing cash-funded minting process. By utilizing internal book transfers, approved institutions can move shares from their Alpaca accounts to Ondo, which then issues corresponding onchain tokens. The process is reversible, allowing for redemption of underlying assets back into brokerage custody. This integration aims to streamline inventory management for market makers, enabling them to shift assets between traditional brokerage environments and onchain venues without the friction of separate cash funding for each mint.

Access to the service remains restricted to institutions vetted by Alpaca on a case-by-case basis. Participants must maintain active accounts with both entities to utilize the facility. While Ondo’s platform currently tracks over $3.63 billion in distributed assets across 441 products, the company maintains that these tokenized stocks provide economic exposure rather than direct ownership of the underlying securities. The arrangement does not alter the terms for general users, and the platform remains off-limits to U.S.-based clients, consistent with Ondo’s existing regulatory stance.