Ondo Finance launches SEC-compliant tokenized versions of BlackRock's IVV ETF and Micron shares using third-party custodial framework.
Regulation & Gov ·
Ondo Finance has launched tokenized versions of BlackRock's IVV ETF and Micron shares using a regulatory framework centered on third-party custodial arrangements. Oasis Pro handles issuance while Broadridge manages proxy voting and shareholder communications for token holders, according to reports on the move.
The structure represents a departure from earlier offshore tokenized stock models by anchoring assets within U.S. regulatory oversight and custody infrastructure. This approach appears designed to bring regulated U.S. securities onto blockchain networks while maintaining compliance with Securities and Exchange Commission expectations around asset custody and shareholder rights.
Outstanding questions include whether additional assets will be tokenized under this model, how the framework performs across market conditions, and whether other platforms will adopt similar structures. The custodial and governance arrangements also leave open how token holders' proxies will function in practice across different corporate actions.