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"convertible into" is a correct phrase and can be used in written English.
It is commonly used when discussing the transformation or change of one thing into another. Example: "The old factory has been renovated and is now convertible into a modern office space."
Exact(59)
One convert I currently like is the Tanger Factory Outlet $2.18 Series A, convertible into 0.9 shares of common.
They even have their own currency, convertible into American dollars.
Ambac also issued $250 million of units convertible into shares.
And at least 17 modular menorahs were on display, two convertible into dreidels.
The last of those is temporarily convertible into budgets and reform.
During the 19th century the dollar was freely convertible into gold — except when it wasn't.
Every day a helicopter is lowering a freshly waxed convertible into the glade or pasture.
The gate receded into the adobe wall, and Elroy eased the convertible into the compound.
The order for the 90-seaters is convertible into 50- or 70-seat jets.
The government will take UBS bonds convertible into a nonvoting stake for the capital injection.
Those notes are convertible into common stock at 75 cents per share.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com