Ondo Finance Tokenizes Micron Stock, BlackRock’s IVV in Broadridge Partnership
Stocks
Ondo Finance has officially launched custody-based tokenized securities in the United States, marking a significant milestone for regulatory-compliant on-chain assets. By partnering with Broadridge Financial Solutions, the platform has successfully tokenized BlackRock’s iShares Core S&P 500 ETF and Micron Technology shares on the Ethereum blockchain. This initiative utilizes a third-party issuance model that aligns with the custody framework outlined by the U.S. Securities and Exchange Commission in January. Under this structure, a custodian holds the underlying securities while a transfer agent issues tokens backed one-for-one, ensuring investors retain standard rights like proxy voting. This development is critical for the RWA market as it demonstrates a viable path for bringing U.S.-listed equities on-chain while adhering to strict domestic custody regulations. By leveraging Broadridge’s infrastructure, Ondo aims to bridge the gap between traditional brokerage protections and decentralized finance accessibility. This move establishes a scalable foundation for expanding institutional-grade investment products to a broader base of U.S. investors.
Key points
- ▸Ondo tokenized BlackRock’s IVV ETF and Micron shares on Ethereum.
- ▸Broadridge Financial Solutions provides proxy voting and issuer communication services.
- ▸Structure follows SEC-compliant custody models for one-for-one asset backing.
- ▸Tokens grant holders rights equivalent to traditional U.S. brokerage accounts.
Background
Ondo Finance is a platform focused on bridging traditional financial assets with blockchain technology to increase liquidity and accessibility. It specializes in creating tokenized versions of real-world assets, such as government bonds and equities, by utilizing regulated custody structures and transfer agents to ensure legal compliance.
Relevance
8.5/10
#OndoFinance#BlackRock#Ethereum#TokenizedSecurities#Broadridge