Ondo Finance Launches Tokenized iShares S&P 500 ETF and Micron on Ethereum With Voting Rights

On July 2, Ondo Finance announced the launch of what it described as the first live platform enabling third-party tokenized U.S. securities to operate within existing regulatory frameworks. The platform tokenizes shares of BlackRock's iShares Core S&P 500 ETF and Micron Technology on the Ethereum blockchain, with tokens backed one-to-one by underlying shares held in regulated custody.

Oindo has partnered with Broadridge Financial Solutions to provide token holders with shareholder rights, including proxy voting and access to corporate communications and regulatory disclosures. According to Ondo CEO Ian De Bode, the structure satisfies both market and regulatory requirements while establishing a foundation for expanding on-chain investment access.