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"ownership of" is correct and usable in written English.
You can use it when referring to property or rights that someone has. For example: "John proudly accepted ownership of his grandfather's farm."
Exact(59)
Ownership of cars and houses has soared.
But I do take ownership of it.
What do you have ownership of?
"They take more ownership of the decision".
Most governments restrict foreign ownership of banks.
Dominique eventually acquired ownership of the station.
Nineteen states ban private ownership of tigers.
Constructive ownership of stock.
Ownership of slaves?
Ownership of Yahoo!
Similar(1)
Co-ownership of the Brooklyn Nets?
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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