ME News reports that on July 2 (UTC+8), Ondo Finance announced a partnership with Broadridge Financial Solutions (NYSE: BR) to launch the first third-party-operated, custodial tokenized U.S. securities solution within the current U.S. regulatory framework. The tokenized assets include iShares Core S&P 500 ETF (IVV) from BlackRock and Micron Technology (MU) shares, with tokens issued on the Ethereum blockchain and 1:1 backed by underlying shares held in custody by a regulated custodian, ensuring the underlying securities remain within the traditional, regulated U.S. custody chain. This solution adheres to the third-party custody model outlined in the U.S. Securities and Exchange Commission’s (SEC) statement on tokenized securities issued in January 2026. Broadridge will provide token holders with proxy voting, issuer communications, and regulatory disclosures via its ProxyVote.com platform, granting them the same shareholder rights and protections as investors holding traditional securities. (Source: Foresight News)
Ondo and Broadridge Launch Managed Tokenized U.S. Securities Solution in the U.S.
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Summary
Ondo Finance and Broadridge have launched the first U.S. token offering for third-party-managed tokenized securities. The solution includes shares of IVV and MU, issued on Ethereum and backed 1:1 by traditional custodial assets. The initiative aligns with the SEC’s 2026 custody framework. Broadridge will manage proxy voting and disclosures through ProxyVote.com, ensuring token holders maintain full shareholder rights. This marks a significant on-chain development in regulated tokenization.
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