Ondo Debuts First Custodial Tokenized Securities in U.S

Ondo Finance has launched the first U.S.-based custodial tokenized securities solution, marking a significant shift toward integrating blockchain assets within the existing domestic regulatory perimeter. By partnering with Broadridge Financial Solutions, Ondo enables tokenized versions of BlackRock’s iShares Core S&P 500 ETF and Micron stock to offer full shareholder rights, including proxy voting. This model aligns with SEC guidance by utilizing a third-party custodial structure where underlying shares remain within the traditional regulated custody chain. Tokens are minted on the Ethereum blockchain by a registered transfer agent and are backed 1:1 by the actual securities. This development is critical for the RWA market because it moves tokenization away from offshore or issuer-sponsored models toward a standardized, compliant framework. By leveraging Broadridge’s ProxyVote.com platform, the initiative ensures that on-chain investors receive the same governance protections as traditional brokerage clients. This milestone demonstrates that the benefits of blockchain efficiency can be achieved without sacrificing the auditability and accountability of U.S. capital markets.