For mac there is a fantastic little program called Lockstep, by figure 53. Figure 53 | Lockstep | LTC synchronization, no hardware needed
It is a software solution that translates LTC to MTC. And it is very inexpensive.
I have searched for something similar to Windows but have not been able to find any software solution. Neither have I found any hardware solutions that output MTC on usb.(For a reasonable price)
Is there possible to translate SMPTE to MTC on a budget for windows?