Key Takeaways
Ondo Finance announced on July 2 the first third-party tokenization of US-listed securities on a public blockchain that operates entirely within the existing US regulatory and custody framework.
The launch starts with BlackRock's iShares Core S&P 500 ETF and Micron stock, minted 1:1 on Ethereum by an SEC-registered transfer agent while the underlying shares stay in regulated custody.
Broadridge will give token holders proxy voting, issuer communications, and regulatory disclosures through ProxyVote.com, the same rights as traditional brokerage shareholders.
Ondo Finance announced Thursday that it has put tokenized versions of BlackRock's iShares Core S&P 500 ETF and Micron stock on Ethereum using the custodial model the SEC described in its January statement on tokenized securities. It is the first time a third party has tokenized US-listed securities on a public blockchain while staying inside the existing regulatory and market infrastructure.
The mechanics matter more than the tickers. The underlying shares never leave the traditional US custody chain. Oasis Pro TA, an SEC-registered transfer agent owned by Ondo, mints tokens backed 1:1 by those shares, and regulated custodians hold them. Broker-dealers enforce transfer restrictions under existing rules. Broadridge Financial Solutions handles governance, so token holders get proxy voting, issuer communications, and disclosures through the same ProxyVote.com platform that serves traditional shareholders.
"We can tokenize securities in ways that meet both market and regulatory requirements," said Ondo Finance CEO Ian De Bode. Until now, tokenized stocks have mostly lived offshore or required issuer-by-issuer sponsorship. Ondo already supports more than $1 billion across 430-plus tokenized stocks and ETFs outside the US through its Global Markets platform, and the product is not yet available to US investors.
The timing is hard to ignore. This lands the same week Securitize became the first tokenization firm to list on the NYSE and days after Nasdaq put its TotalView market data on-chain. The regulated rails for tokenized US markets are being assembled in public, piece by piece.
People Also Ask
What did Ondo Finance launch?
Ondo launched the first third-party tokenized US-listed securities that operate entirely within the existing US regulatory framework, starting with BlackRock's IVV ETF and Micron stock on Ethereum.
What is the SEC's custodial model for tokenized securities?
In a January 2026 statement, the SEC described a model where a third party holds an issuer's securities in regulated custody and issues crypto tokens representing the holder's entitlement to the underlying shares.
Yes. Through Broadridge's ProxyVote.com platform, token holders receive proxy voting rights, issuer communications, and regulatory disclosures like traditional brokerage shareholders.
Can US investors buy Ondo's tokenized stocks?
Not yet. The product launched within US regulatory infrastructure, but Ondo says it is not currently available to US investors as the company expands access.