Ondo Finance has launched blockchain-based versions of BlackRock’s iShares Core S&P 500 ETF and Micron Technology shares, using a structure that matches the SEC’s approach to tokenized securities. These products are issued on Ethereum by an SEC-registered transfer agent, while traditional financial systems still handle custody, shareholder rights, and compliance. The offering is not yet open to U.S. investors, but Ondo says it shows how tokenized securities can work within current U.S. regulations.
The company said the tokenized securities are issued through Oasis Pro TA, the SEC-registered transfer agent it bought last year. Broadridge, a financial infrastructure provider, will manage key shareholder services like proxy voting, regulatory disclosures, and communications.
With this setup, token holders get governance rights similar to those of investors using regular brokerage accounts. Instead of replacing the current securities system, Ondo’s model adds blockchain technology to it.
The company says this is the first real-world use of the SEC’s third-party custodial tokenization model. In this setup, regulated custodians keep the actual shares, and blockchain tokens give investors a direct claim to those assets, one-to-one.
Ondo Finance CEO Ian De Bode said the company has built the regulatory and operational systems needed to support different tokenization models in the U.S. He called the launch an important step in growing regulated on-chain investment options for both U.S. and international investors.
Tokenization is quickly becoming a key link between traditional finance and digital assets. Supporters think it can modernize capital markets by speeding up settlements, allowing nonstop trading, and making it easier to move assets on blockchains. Citi predicts tokenized securities could reach a $5.5 trillion market by 2030.
The SEC’s January staff statement influenced Ondo’s model by explaining how third-party custodial tokenization can follow current securities laws. While these statements are not formal regulations, they show how the regulator is currently thinking.
This launch comes amid more industry talk about tokenized stocks issued without the original company’s involvement. Last year, OpenAI made it clear it had not approved Robinhood’s tokenized shares tied to the company, showing ongoing debates about investor rights.
Ondo’s latest step comes as tokenized equities keep gaining ground in both traditional finance and crypto markets. Companies like Robinhood, DTCC, Nasdaq, and the New York Stock Exchange are all working on tokenization projects to modernize securities markets.
NEW: Ondo Finance is bringing BlackRock’s IVV ETF and Micron shares on-chain.
Read the full story from @sndr_krisztian on CoinDesk. pic.twitter.com/3h8F7cLxWE
— CoinDesk (@CoinDesk) July 2, 2026
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment