Ondo Finance Brings BlackRock ETF and Micron (MU) Stock to Blockchain Under SEC Rules

Key Highlights

• Ondo Finance introduced blockchain versions of BlackRock’s iShares Core S&P 500 ETF and Micron Technology stock on the Ethereum network
• First instance of third-party tokenization of US-listed securities on public blockchain infrastructure following SEC custodial guidelines
• Digital token owners receive complete shareholder privileges, including corporate governance voting through Broadridge’s system
• Tokenized equity sector expanded 147% during 2026, achieving $5.5 billion in total market capitalization
• Ondo’s worldwide platform encompasses over 430 stocks and ETFs with close to 181,000 distinct token holders

Ondо Finance unveiled blockchain-based representations of BlackRock’s iShares Core S&P 500 ETF and Micron Technology stock this Thursday. These offerings operate within the SEC’s third-party custody framework initially detailed in January.

This represents a groundbreaking moment where a third-party entity has successfully tokenized securities listed in the United States on public blockchain infrastructure while maintaining compliance with current US regulatory standards. Earlier comparable offerings either functioned overseas or demanded direct issuer sponsorship.

The actual shares remain within the traditional US custody system. Ondo’s SEC-registered transfer agent division, Oasis Pro TA, creates digital tokens with one-to-one backing from the underlying securities. These blockchain tokens are deployed on Ethereum and maintained by licensed custodians.

Understanding the Custody Architecture

Within the SEC’s regulatory structure, a third-party custodian maintains possession of the underlying securities while issuing cryptocurrency tokens that represent the investor’s beneficial ownership of those assets. Transfer limitations are administered by broker-dealers, transfer agents, and custodial institutions following established regulations.

Ondo CEO Ian De Bode stated the rollout demonstrates that securities tokenization can satisfy both marketplace demands and regulatory standards for investors in the US and internationally.

Digital token owners enjoy identical privileges as conventional stockholders. This encompasses receiving issuer notifications and participating in onchain governance voting via Broadridge’s ProxyVote.com infrastructure.

Corporate Governance Rights Extended to Tokenized Securities

The collaboration with Broadridge represents a critical component of this development. Owners of more than 250 tokenized securities accessible through Ondo can now engage in proxy voting processes and review corporate documents. The integration leverages a Web3-adapted version of Broadridge’s shareholder communications technology, enabling users to verify their identity using blockchain wallets.

This resolves a frequent objection to tokenized equities — that participants would forfeit the governance privileges associated with conventional direct share ownership.

Ondо’s Global Markets infrastructure operating beyond US borders already facilitates over $1 billion in tokenized securities spanning more than 430 stocks and ETFs. In June, the firm collaborated with Exodus to introduce Exodus Markets on Solana, providing qualified participants with access to over 200 tokenized stocks, ETFs, and real-world assets.

The tokenized equity sector experienced rapid expansion throughout 2026. Market capitalization reached $5.5 billion as of June 8, representing approximately 147% growth from $2.23 billion recorded at year’s beginning. The segment currently ranks as the fourth-largest category within the real-world asset marketplace.

Aggregate tokenized stock valuation reached $1.67 billion with nearly 181,000 distinct holders, based on Ondo’s figures. The market has experienced almost 14-fold growth since May 2025.

Rival platforms including Backed Finance are similarly scaling operations, with tokenized equities now accessible through multiple cryptocurrency exchanges and blockchain ecosystems. A recent Binance analysis revealed tokenized real-world assets increased nearly 600% throughout the previous year.

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