Ondo Brings Blackrock IVV ETF and Micron Shares Onchain in US Regulatory First
Ondo Finance tokenized U.S. securities for the first time inside existing regulatory boundaries, using Blackrock’s iShares Core S&P 500 ETF (IVV) and Micron stock as its opening deployment.
The launch, announced on Thursday, was conducted in partnership with Broadridge Financial Solutions, which will handle proxy voting and shareholder communications for token holders. Broadridge trades on the NYSE under the ticker BR.
The structure follows a model outlined by the U.S. Securities and Exchange Commission (SEC) in a January 2026 statement on tokenized securities. Under that model, a third party holds the underlying shares in traditional custody while issuing crypto tokens representing a holder’s claim on those shares.
Ondo’s registered transfer agent, Oasis Pro TA, mints tokens backed one-to-one by the underlying shares. Those shares remain inside the regular U.S. custody chain, while the tokens themselves sit on the Ethereum blockchain, held by regulated custodians.
Token holders receive the same rights as investors holding shares through a standard brokerage account, including issuer communications and onchain proxy voting via Broadridge’s Proxyvote.com platform. A participating broker-dealer, transfer agent, and custodian enforce transfer restrictions to maintain compliance with existing rules.
Ondo Finance CEO Ian De Bode framed the launch as proof that multiple tokenization models can operate inside U.S. law simultaneously. He stated: “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, noted that tokenization scales only when it pairs innovation with investor confidence. He pointed to proxy voting and regulatory disclosures as critical components that give token holders the same standing as traditional shareholders.
Most 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, offering blockchain-based exposure without stepping outside SEC oversight.
Ondo’s Global Markets platform already supports over $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.
Broadridge stated that it now supports every major tokenized securities model: issuer-listed tokens, synthetic tokens issued abroad, and third-party custodial tokens within the U.S.
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.