Overview
- Ondo Finance launched the first U.S. production deployment of the SEC staff’s third-party custodial tokenization model Thursday, tokenizing BlackRock’s IVV ETF and Micron shares on the Ethereum blockchain with Broadridge as a partner.
- Oasis Pro TA, an SEC-registered transfer agent owned by Ondo, mints one-for-one token entitlements on Ethereum while the actual shares remain in the traditional U.S. custody chain.
- Transfer controls and compliance are enforced by participating broker-dealers, the transfer agent, and custodians so tokens reflect regulated ownership rules.
- Broadridge will provide onchain proxy voting, issuer communications and regulatory disclosures so token holders receive the same governance rights and materials as traditional shareholders.
- The launch follows the SEC staff’s January 2026 outline for third-party custodial tokenization, builds on Ondo’s tokenization business outside the U.S., and could pave the way for faster settlement and new trading rails if it expands to investors.