Ondo Finance tokenized U.S. securities for the first time inside existing regulatory boundaries, using Blackrock’s Ishares Core S&P 500 exchange-traded fund (ETF) and Micron stock as its opening deployment.
Key Takeaways:
Ondo Finance tokenized Blackrock’s IVV ETF and Micron shares in a U.S. regulatory first on July 2.Broadridge will run proxy voting for Ondo’s tokens through its Proxyvote.com platform.Ondo’s Global Markets platform already tokenizes over $1 billion across 430+ stocks and ETFs abroad.Token holders get the same rights as investors holding shares through a standard brokerage account. That includes issuer communications and onchain proxy voting, run through Broadridge’s Proxyvote.com platform. A participating broker-dealer, transfer agent, and custodian enforce transfer restrictions to keep the setup compliant with existing rules.
What Ondo and Broadridge SaidOndo Finance CEO Ian De Bode framed the launch as proof that multiple tokenization models can operate inside U.S. law at once. He said the company built the infrastructure to support several approaches rather than picking one.
The Ondo Finance CEO remarked:
“Tokenized Securities in the U.S. are too often framed as a binary choice between competing models and tokenization providers. This is a false premise. Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States. Today’s milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors.”
Doug DeSchutter, president of Broadridge’s Investor Communication Solutions business, said tokenization only scales once it pairs innovation with investor confidence. He pointed to proxy voting and regulatory disclosures as the pieces that give token holders the same standing as traditional shareholders.
Why This Differs From Earlier Tokenization EffortsMost tokenized securities to date have operated outside the U.S. or required issuer-by-issuer sponsorship. This launch keeps the underlying shares inside the same custody infrastructure that already services U.S. securities markets. That distinction matters for investors who want blockchain-based exposure without stepping outside SEC oversight.
Ondo’s Global Markets platform already supports more than $1 billion in tokenized securities across more than 430 stocks and ETFs outside the U.S. The Blackrock IVV ETF and Micron tokens mark the company’s first push into the domestic market under this custodial approach.
For investors watching the tokenization space, the launch signals that voting rights and disclosure access, long cited as gaps in tokenized equity products, now have a working solution tied directly to existing U.S. market infrastructure.
