Ondo Finance launches SEC-aligned tokenized U.S. securities

Ondo Finance announced on Thursday the launch of the first tokenized U.S. securities operating entirely within the existing domestic regulatory framework, a move that grants blockchain-based investors full shareholder governance rights. The company, in partnership with financial infrastructure provider Broadridge, introduced tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology shares.

This initiative represents the first production deployment of the third-party custodial model for tokenized securities outlined by the U.S. Securities and Exchange Commission in a staff statement this past January. Under this structure, the underlying shares remain within the traditional U.S. custody chain at all times. Ondo’s SEC-registered transfer agent, Oasis Pro, mints Ethereum-based tokens that are backed one-for-one by these shares, which are held by regulated custodians.

A key feature of the launch is the integration of shareholder rights. Through Broadridge’s ProxyVote.com platform and investor communications services, holders of these tokens will receive corporate disclosures, regulatory filings, and the ability to participate in proxy voting-rights...