Ondo Launches the First Tokenized US Stocks Inside the SEC's Custodial Model
BlackRock's IVV ETF and Micron shares are now tokenized on Ethereum without leaving the regulated US custody chain, with Broadridge giving token holders the same proxy voting rights as traditional shareholders.
Ondo Launches the First Tokenized US Stocks Inside the SEC's Custodial Model BlackRock's IVV ETF and Micron shares are now tokenized on Ethereum without leaving the regulated US custody chain, with Broadridge giving token holders the same proxy voting rights as traditional shareholders. Aaron Rafferty July 02, 2026 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