TL;DR:
- Ondo Finance launched the first U.S.-custodied tokenized securities, including BlackRock’s IVV ETF and Micron shares.
- The tokens are backed 1:1 by real shares and issued on Ethereum, entirely within the traditional U.S. regulatory custody chain.
- Broadridge will integrate proxy voting and regulatory communications for token holders, granting them the same rights as traditional shareholders.
Ondo Finance announced the launch of the first third-party custodied tokenized securities operating entirely within the U.S. regulatory perimeter. The initiative, developed in partnership with Broadridge Financial Solutions, turns the BlackRock iShares Core S&P 500 ETF (IVV) and Micron (MU) shares into the first assets of this kind deployed in production under the model described by the SEC in its January 2026 statement on tokenized securities.
Under this framework, the underlying shares remain at all times within the traditional regulated U.S. custody chain. Ondo’s registered transfer agent mints the corresponding tokens, backed 1:1 by those shares, issued on the Ethereum blockchain and held by regulated custodians. Transfer restrictions are enforced by the broker-dealer, the transfer agent, and the custodian, in compliance with current regulatory requirements.
As America turns 250, U.S. securities have come onchain on U.S. rails.
Today, Ondo Finance announced the first-ever live solution of third-party tokenized U.S. securities operating entirely within the existing regulatory perimeter in the U.S., in partnership with @Broadridge… pic.twitter.com/auHGrXFtrv
— Ondo Finance (@OndoFinance) July 2, 2026
Ondo Places the Holder at the Center of Its Model
Each token holder will receive the same rights and protections as a shareholder operating through a U.S. brokerage account, including issuer communications and on-chain proxy voting through Broadridge’s ProxyVote.com platform.
Ian De Bode, CEO of Ondo Finance, stated that the company built the regulatory, product, and services infrastructure to support all major models within the U.S., and that the launch demonstrates it is possible to tokenize securities while simultaneously meeting the requirements of both the market and regulators, for both domestic and international investors.
Aligning Innovation, Trust, and Compliance
Until now, tokenized securities mostly operated outside the U.S. or required issuer sponsorship on a case-by-case basis. This model brings them into the U.S. regulatory framework without altering the infrastructure that custodies the country’s securities. Doug DeSchutter, president of Investor Communication Solutions at Broadridge, noted that tokenization will only scale when innovation is aligned with investor trust.
Broadridge indicated that its strategy includes supporting all models of tokenized securities, including those issued by the issuer itself, synthetics issued outside the U.S., and now third-party tokenized securities within the country.
