Chainlink’s institutional ties and Ondo’s stock-to-token conversion
BSCNews describes Chainlink co-founder Sergey Nazarov’s work with banks and policymakers. A user says Ondo’s stock conversion system is live on Ethereum and BNB Chain, but only for Alpaca-approved institutions.
TLDR
BSCNews describes Chainlink co-founder Sergey Nazarov’s role expanding beyond crypto through work with banks, policymakers and institutions. Separately, a user says Ondo’s stock conversion system lets Alpaca-approved institutions send shares through Alpaca’s Instant Tokenization Network and receive matching Ondo tokens on Ethereum and BNB Chain. They can also reverse the process to recover the underlying shares. The user says this avoids the separate cash previously needed to mint tokens from shares already held, and expects it to help deepen liquidity and tighten spreads.
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Chainlink’s institutional ties and Ondo’s stock-to-token conversion
BSCNews describes Chainlink co-founder Sergey Nazarov’s work with banks and policymakers. A user says Ondo’s stock conversion system is live on Ethereum and BNB Chain, but only for Alpaca-approved institutions.