In section Releases

Ondo Finance Launches First U.S. Custodial Tokenized Securities

Ondo Finance and Broadridge Financial Solutions have launched the first U.S. production deployment of third-party tokenized securities, enabling direct proxy voting and regulatory disclosures for holders. The move integrates BlackRock's iShares Core S&P 500 ETF and Micron shares into a compliant, blockchain-based custodial framework.

The initiative marks a shift in how U.S. assets are handled on-chain, moving away from offshore or issuer-sponsored models toward a structure aligned with the SEC’s January 2026 guidance. Under this system, the underlying shares remain within the traditional U.S. regulated custody chain, with tokens minted 1:1 by an Ondo-affiliated transfer agent on the Ethereum blockchain.

By leveraging Broadridge’s ProxyVote.com platform, investors gain the same rights as those holding through standard brokerage accounts. Ian De Bode, CEO of Ondo Finance, stated that the infrastructure supports multiple tokenization models, proving that market innovation can coexist with existing regulatory requirements. For Broadridge, the integration underscores a broader strategy to provide institutional-grade governance and auditability for digital assets, ensuring that token holders receive the same issuer communications as traditional equity shareholders.

Share:on TelegramXFacebook

Subscribe to our newsletter

Once a week — the best stories from our editors, no ads or push notifications. Delivered Sunday morning.

Comments (0)

Leave a comment

No comments yet. Be the first!