Overview
- Ondo Finance announced Thursday that it has launched Ethereum‑based tokens representing BlackRock’s IVV ETF and Micron shares using a third‑party custodial structure the company says follows the SEC staff guidance.
- Oasis Pro TA, an SEC‑registered transfer agent owned by Ondo, mints the tokens one‑for‑one against the underlying shares while those shares remain in the conventional U.S. custody chain.
- Broadridge integrates issuer communications and a Web3‑enabled ProxyVote flow so token holders can authenticate with a blockchain wallet, receive regulatory disclosures, and cast proxy votes tied to the underlying securities.
- Transfer restrictions and compliance controls are enforced by participating broker‑dealers, the transfer agent, and custodians under existing rules, and Ondo says the initial offering is not yet available to U.S. retail investors.
- The launch extends Ondo’s earlier $1 billion-plus offshore tokenization business into U.S. markets and could push incumbents and new entrants to accelerate regulated token services as onchain settlement, 24/7 minting and investor access evolve.