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Ondo Finance launches custodial tokenised securities in the US
03 July 2026 US
Image: FutureLogicStudio/stock.adobe.com
Ondo Finance has announced the first live solution of third-party tokenised US securities operating entirely within the existing regulatory perimeter in the US, in partnership with Broadridge Financial Solutions to provide full voting rights for tokenised equity holders.
In its January 2026 statement on tokenised securities, the Securities and Exchange Commission (SEC) described a custodial model in which a third party holds an issuer's securities and issues crypto assets representing a holder's entitlement to the underlying security.
Ondo's launch of tokenised BlackRock iShares Core S&P 500 (IVV) ETF and Micron (MU) stock are the first production deployments of that model in the US.
Under this model, which closely follows the SEC’s third-party custodial model, the underlying shares stay within the traditional US regulated custody chain.
Ondo’s registered transfer agent mints corresponding tokens, backed 1:1 by those shares, which are issued on the Ethereum blockchain and held by regulated custodians.
Each token holder will receive the same shareholder rights and protections as shareholders holding through US brokerage accounts receive, including issuer communications and onchain proxy voting through Broadridge’s ProxyVote.com platform.
This model brings tokenised securities inside the US regulatory perimeter, with the underlying securities held in the same infrastructure that custodies US securities.
Broadridge says the launch is another milestone in attaining its’ strategy to enable the adoption of tokenised securities by ensuring that they are supported by governance capabilities with high standards for auditability, accountability, and investor protection and comply with US regulatory guidelines.
Ian De Bode, CEO of Ondo Finance, notes: “Tokenised Securities in the US are too often framed as a binary choice between competing models and tokenisation providers. This is a false premise.
“Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States. Today's milestone shows we can tokenise securities in ways that meet both market and regulatory requirements, for US and global investors and provides a strong foundation for our expanding access to onchain investments for more US investors."
Doug DeSchutter, president of Broadridge’s Investor Communication Solutions business, adds: “Tokenisation will only scale when it delivers both innovation and investor confidence.
“By enabling proxy voting, issuer communications, and regulatory disclosures for Ondo’s token holders, we’re living up to our promise to empower investors and issuers by providing them with the full range of trusted governance capabilities for tokenised securities regardless of how assets are structured.”
In its January 2026 statement on tokenised securities, the Securities and Exchange Commission (SEC) described a custodial model in which a third party holds an issuer's securities and issues crypto assets representing a holder's entitlement to the underlying security.
Ondo's launch of tokenised BlackRock iShares Core S&P 500 (IVV) ETF and Micron (MU) stock are the first production deployments of that model in the US.
Under this model, which closely follows the SEC’s third-party custodial model, the underlying shares stay within the traditional US regulated custody chain.
Ondo’s registered transfer agent mints corresponding tokens, backed 1:1 by those shares, which are issued on the Ethereum blockchain and held by regulated custodians.
Each token holder will receive the same shareholder rights and protections as shareholders holding through US brokerage accounts receive, including issuer communications and onchain proxy voting through Broadridge’s ProxyVote.com platform.
This model brings tokenised securities inside the US regulatory perimeter, with the underlying securities held in the same infrastructure that custodies US securities.
Broadridge says the launch is another milestone in attaining its’ strategy to enable the adoption of tokenised securities by ensuring that they are supported by governance capabilities with high standards for auditability, accountability, and investor protection and comply with US regulatory guidelines.
Ian De Bode, CEO of Ondo Finance, notes: “Tokenised Securities in the US are too often framed as a binary choice between competing models and tokenisation providers. This is a false premise.
“Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States. Today's milestone shows we can tokenise securities in ways that meet both market and regulatory requirements, for US and global investors and provides a strong foundation for our expanding access to onchain investments for more US investors."
Doug DeSchutter, president of Broadridge’s Investor Communication Solutions business, adds: “Tokenisation will only scale when it delivers both innovation and investor confidence.
“By enabling proxy voting, issuer communications, and regulatory disclosures for Ondo’s token holders, we’re living up to our promise to empower investors and issuers by providing them with the full range of trusted governance capabilities for tokenised securities regardless of how assets are structured.”
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