Ondo Finance has launched what it said is the first live platform enabling third-party tokenized U.S. securities to operate within the existing U.S. regulatory framework, marking a step toward integrating blockchain technology with traditional capital markets.
The company announced on Thursday that the platform tokenizes shares of BlackRock’s iShares Core S&P 500 ETF and Micron Technology on the Ethereum blockchain. According to Ondo Finance, the offering follows a framework outlined by the U.S. Securities and Exchange Commission (SEC) in January 2026 for regulated tokenized securities.
Ondo Finance said it has launched the first live platform for third-party tokenized U.S. securities operating within the existing regulatory framework, with tokens backed one-to-one by underlying shares held in regulated custody.
Under the structure, the underlying securities remain within the traditional U.S. custody system. Ondo’s registered transfer agent issues blockchain-based tokens that are fully backed on a one-to-one basis by the corresponding shares, allowing the assets to remain within established regulatory safeguards while being represented on-chain.
The initiative reflects growing efforts across the financial industry to combine blockchain technology with regulated securities markets. Tokenization is increasingly being explored as a means of improving market efficiency, settlement, and accessibility while maintaining investor protections and regulatory oversight.
Partnership With Broadridge Adds Shareholder Rights
As part of the launch, Ondo Finance has partnered with Broadridge Financial Solutions to provide token holders with shareholder rights typically associated with traditional brokerage accounts.
Through Broadridge’s ProxyVote.com platform, investors holding the tokenized securities will be able to participate in proxy voting and receive corporate communications and regulatory disclosures linked to the underlying securities.
The partnership with Broadridge enables holders of tokenized securities to exercise proxy voting rights and receive regulatory disclosures, extending the same shareholder protections available to investors using conventional brokerage accounts.
According to Ondo Finance Chief Executive Ian De Bode, the launch demonstrates that securities can be tokenized in a manner that satisfies both market and regulatory requirements. He added that the platform establishes a foundation for expanding access to on-chain investments for both U.S. and international investors while maintaining compliance with existing financial regulations.
Disclaimer: Oasis Pro TA, LLC, an SEC-registered transfer agent and indirect wholly owned subsidiary of Ondo Finance Inc., issues the tokenized security entitlements in the new model herein described. Such tokenization services are not a regulated activity of Oasis Pro TA, LLC
— Ondo Finance (@OndoFinance) July 2, 2026
Broadridge said investor confidence would be critical to the broader adoption of tokenized securities. Doug DeSchutter, President of Broadridge’s Investor Communication Solutions business, said tokenization would achieve wider adoption only if technological innovation was matched by strong investor protections and trust in the underlying market infrastructure.
Expanding Regulated Tokenization
Until now, most tokenized securities have either been issued outside the United States or required direct participation from the issuing company on an individual basis. Ondo Finance said its structure differs by bringing third-party tokenized securities within the existing U.S. regulatory framework without altering the established custody and transfer infrastructure supporting American capital markets.
By keeping the underlying securities within regulated custody while issuing corresponding blockchain-based representations, the model seeks to preserve existing legal protections while allowing investors to benefit from blockchain-based ownership and settlement capabilities.
The launch also highlights the increasing interest among financial institutions in tokenizing traditional assets, including equities, exchange-traded funds, and fixed-income securities. Market participants have increasingly viewed tokenization as a potential way to improve operational efficiency, broaden investor access, and modernize capital market infrastructure.
The new framework brings tokenized securities into the U.S. regulatory perimeter while preserving traditional custody arrangements and shareholder protections, potentially broadening institutional and retail access to blockchain-based financial markets.
