Ondo Launches Tokenized BlackRock IVV ETF and Micron Stock Under SEC Custodial Framework

According to Ondo Finance, the company launched tokenized versions of BlackRock's iShares Core S&P 500 ETF (IVV) and Micron (MU) shares on Thursday, marking the first time a third party has tokenized U.S.-listed securities on a public blockchain while operating within existing U.S. regulatory infrastructure.

Under the SEC's custodial framework outlined in January, Ondo's subsidiary Oasis Pro TA mints tokens backed 1:1 by underlying securities held in the conventional U.S. custody chain. The tokens are issued on Ethereum and held by regulated custodians. Token holders receive the same shareholder rights and protections available through traditional brokerage accounts, including onchain proxy voting through Broadridge's platform.