The agency used the SEC’s January custodial mannequin to place a BlackRock S&P 500 ETF and Micron shares on Ethereum, although the tokens are usually not but obtainable to US buyers.
Posted July 2, 2026 at 8:12 pm EST.
Ondo Finance on Thursday launched what it billed as the primary stay tokenized U.S. securities working solely inside the nation’s present regulatory perimeter, placing BlackRock’s iShares Core S&P 500 ETF and Micron shares onchain on Ethereum.
Tokenized variations of American shares have circulated for some time, however they’ve usually traded offshore or leaned on the safety’s personal issuer to sponsor the token, leaving compliant U.S. merchandise skinny on the bottom. Ondo as a substitute follows a custodial mannequin the SEC laid out in a January assertion: a regulated third celebration holds the underlying shares in the normal U.S. custody chain, whereas a registered switch agent points blockchain tokens representing a holder’s entitlement to them.
Ondo mints these tokens by means of Oasis Professional TA, an SEC-registered switch agent and Ondo subsidiary, backing every one-for-one with the custodied securities. Its accomplice Broadridge Monetary Options provides proxy voting, issuer communications, and regulatory disclosures, so holders get governance rights moderately than naked worth publicity.
Ian De Bode, CEO of Ondo Finance, stated in the announcement: “Tokenized Securities in the U.S. are too usually framed as a binary selection between competing fashions and tokenization suppliers. This can be a false premise. Ondo has constructed the regulatory, product, and service infrastructure to assist all main fashions inside america.”
One notable restrict sits below the milestone: the product is not but obtainable to U.S. buyers, regardless of being constructed across the U.S. framework.
Ondo already runs one of many bigger tokenization operations outdoors the nation. Its Ondo World Markets platform holds greater than $1 billion in tokenized shares and ETFs throughout 430-plus securities and just lately expanded to BNB Chain for non-U.S. customers. Individually, the SEC earlier dropped a Biden-era investigation into the agency.
Doug DeSchutter, president of Broadridge’s Investor Communication Options enterprise, stated in the announcement: “Tokenization will solely scale when it delivers each innovation and investor confidence.”
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AI-assisted content material: This text was produced with the help of AI instruments and was reviewed, edited, and fact-checked by a member of the Unchained editorial staff earlier than publication.
