Ondo Finance Expands US Reach With Tokenized IVV ETF and Micron Stock

TLDR

• Ondo Finance launched tokenized versions of BlackRock’s IVV ETF and Micron stock in the U.S.
• The products use a third-party custodial model outlined by the SEC in January.
• Oasis Pro TA mints the tokens with 1:1 backing from the underlying securities.
• The tokenized IVV and Micron products are issued on Ethereum and held by regulated custodians.
• Token holders receive shareholder rights, issuer communications, and onchain proxy voting access.

Ondo Finance launched tokenized versions of BlackRock’s IVV ETF and Micron stock in the U.S. on Thursday. The products use a custodial model outlined by the SEC in January. The launch expands Ondo Finance’s regulated tokenized securities push.

Ondo Finance Uses SEC Custodial Framework

Ondo Finance said the products mark a new step for tokenized U.S.-listed securities. The firm tokenized BlackRock’s iShares Core S&P 500 ETF and Micron shares. Both products trade as blockchain-based representations of traditional securities.

The SEC described this structure in January guidance on tokenized securities. Under that model, a third party holds the underlying securities. It then issues crypto assets that represent investor entitlement to those holdings.

Ondo Finance said its IVV and MU tokens follow that structure. The underlying shares remain inside the normal U.S. custody chain. Oasis Pro TA mints tokens backed 1:1 by those securities.

BlackRock IVV ETF Enters Ondo Tokenized Offering

Ondo Finance issued the tokenized IVV product on Ethereum. Regulated custodians hold the related tokens for eligible users. The company said this structure keeps the product inside existing market systems.

The IVV ETF tracks the S&P 500 and remains a major U.S. equity fund. Ondo Finance now offers blockchain access to that exposure through tokenized ownership. However, the product still depends on traditional custody links.

He added that it supports broader onchain investment access.

Micron Stock Gets Tokenized Under Same Model

Ondo Finance also tokenized Micron shares under the same U.S. custodial setup. The MU-backed token gives eligible holders exposure to the chipmaker’s stock. The token uses the same 1:1 backing process.

Token holders receive shareholder rights linked to traditional brokerage accounts. These rights include issuer communications and proxy voting. Ondo Finance said Broadridge’s ProxyVote.com supports onchain proxy voting for the products.

Transfer limits also apply through broker-dealers, transfer agents, and custodians. These controls align the tokens with current regulatory requirements. Ondo Finance said the framework supports U.S. and global access.

Ondo Finance Expands Tokenized Securities Market

Ondo Finance focuses on tokenized real-world assets and institutional financial products. Its Global Markets platform outside the U.S. supports more than $1 billion in tokenized securities. The platform covers more than 430 stocks and ETFs.

The firm also expanded through a June partnership with Exodus. That deal launched Exodus Markets for eligible users through the Exodus app. The platform offers more than 200 tokenized stocks, ETFs, and real-world assets.

The tokenized equities sector reached a $5.5 billion market cap on June 8. That marked a 147% rise from $2.23 billion at year-start. Ondo Finance now adds U.S.-structured IVV and MU products to that market.

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