Ondo Finance has accomplished the primary stay onchain deployment of third-party tokenized U.S. securities beneath a construction designed to function throughout the current U.S. regulatory framework.
Abstract
- Ondo tokenized BlackRock’s IVV ETF and Micron shares on Ethereum.
- The mannequin retains underlying securities inside regulated U.S. custody rails.
- Ondo’s launch follows rising competitors from Exodus, Robinhood, and Securitize.
In accordance with Ondo Finance, the deployment brings shares of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Expertise (MU) onto the Ethereum blockchain whereas conserving the underlying securities inside the standard U.S. custody system.
The corporate mentioned the rollout coincides with July 4, when america celebrates 250 years of independence, and represents its first stay implementation of this issuance mannequin.
SEC-aligned construction retains conventional custody intact
Not like many tokenized inventory choices launched exterior america, Ondo mentioned its mannequin follows the third-party custodial framework outlined in a January 2025 workers assertion from the U.S. Securities and Alternate Fee. Underneath that construction, the underlying IVV and Micron shares stay with regulated custodians as a substitute of shifting onto a blockchain.
Ondo mentioned its registered switch agent, Oasis Professional, points Ethereum-based tokens backed 1:1 by the underlying shares. Monetary infrastructure firm Broadridge manages shareholder communications, proxy voting, and regulatory disclosures, permitting token holders to obtain the identical shareholder rights as buyers holding the securities by way of conventional U.S. brokerage accounts.
Discussing the rollout, Ondo Finance CEO Ian De Bode mentioned the milestone demonstrates the corporate’s method to issuing tokenized securities inside current U.S. regulatory necessities.
“Ondo has constructed the regulatory, product, and repair infrastructure to help all main fashions inside america. Right this moment’s milestone exhibits we will tokenize securities in ways in which fulfill each market and regulatory necessities.”
The corporate famous that the product shouldn’t be but obtainable to U.S. buyers and is at the moment meant for eligible worldwide customers exterior the nation.
Tokenized securities race gathers momentum
The launch comes as regulated tokenized securities proceed to draw funding throughout monetary markets. As beforehand reported by crypto.information, Ondo Finance lately partnered with Exodus Motion to introduce Exodus Markets, enabling eligible customers in chosen jurisdictions to commerce greater than 200 tokenized shares, exchange-traded funds, and real-world property by way of the Exodus self-custodial pockets on the Solana blockchain.
Competitors within the sector has additionally intensified following Securitize’s public itemizing on the New York Inventory Alternate beneath the ticker SECZ after its SPAC merger with Cantor Fairness Companions II. Backed by BlackRock and Morgan Stanley, the corporate grew to become the primary publicly traded tokenization platform.
Questions over shareholder rights have remained a serious concern for tokenized equities. The talk intensified in mid-2025 after OpenAI said that it had not licensed Robinhood’s tokenized product linked to its shares and clarified that the tokens didn’t characterize fairness possession within the firm. The incident elevated requires clearer regulatory requirements governing tokenized securities.
Ondo mentioned its issuance framework addresses these issues by routing token creation by way of a registered switch agent whereas preserving the standard custody chain, a construction the corporate believes aligns with current U.S. market necessities.
Trade forecasts additionally level to continued growth. In its June 2026 report, Citi projected the tokenized securities market might attain about $5.5 trillion by 2030. On the identical time, Robinhood has launched a public blockchain for tokenized shares, the DTCC has expanded its blockchain infrastructure, and each the NYSE and Nasdaq have disclosed tokenization initiatives.
Ondo mentioned it already manages greater than $1 billion in tokenized shares and ETFs protecting over 430 securities exterior the U.S. Individually, Ripple lately unveiled a lending protocol on the XRP Ledger that permits banks to borrow towards tokenized property, including one other instance of economic establishments constructing infrastructure round tokenized real-world property.
