Ondo Finance announced the launch of the first custodial solution for tokenized U.S. securities, created in partnership with Broadridge Financial Solutions.
Solution Architecture
Ondo Finance’s platform issues tokens that represent shares of regulated securities on the Ethereum blockchain. The tokens maintain a 1:1 backing with the underlying shares, which stay with traditional custodians. This design enables the service to operate fully within the current U.S. regulatory framework.
Initial Tokenized Instruments
The inaugural tokenized assets comprise shares of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology stock. Holders of these tokens receive the same ownership rights as conventional shareholders, including dividend entitlement and voting privileges. Investors can access corporate communications through Broadridge’s ProxyVote platform.
Compliance and
