Ondo Tokenizes BlackRock ETF and Micron Stock Under SEC Framework

TLDR

• Ondo Finance launched tokenized versions of BlackRock’s iShares Core S&P 500 ETF and Micron Technology shares on Ethereum
• These are the first US-listed securities tokenized by a third party on a public blockchain under the SEC’s custodial framework
• Token holders get full shareholder rights including proxy voting via Broadridge’s platform
• The tokenized equities market has grown 147% in 2026, reaching $5.5 billion market cap
• Ondo’s global platform now covers 430+ stocks and ETFs with nearly 181,000 unique holders

Ondo Finance launched tokenized versions of BlackRock’s iShares Core S&P 500 ETF and Micron Technology shares on Thursday. The products are built under the SEC’s third-party custodial framework, first outlined in January.

This marks the first time a third party has tokenized US-listed securities on a public blockchain while staying inside existing US regulatory infrastructure. Previously, similar products operated offshore or required individual sponsorship from the issuer.

The underlying shares stay in the conventional US custody chain. Ondo’s SEC-registered transfer agent subsidiary, Oasis Pro TA, mints tokens backed 1:1 by the securities. Those tokens are issued on Ethereum and held by regulated custodians.

How the Custody Model Works

Under the SEC framework, a third party holds the underlying securities and issues crypto tokens representing the investor’s entitlement to those holdings. Transfer restrictions are enforced by broker-dealers, transfer agents, and custodians in line with existing rules.

Ondo CEO Ian De Bode said the launch shows that securities can be tokenized in ways that meet both market and regulatory requirements for US and global investors.

Token holders receive the same rights as traditional shareholders. That includes issuer communications and onchain proxy voting through Broadridge’s ProxyVote.com platform.

Shareholder Voting Comes to Tokenized Stocks

The Broadridge partnership is a key part of the announcement. Holders of more than 250 tokenized securities through Ondo can now participate in proxy voting and access corporate filings. The integration uses a Web3-enabled version of Broadridge’s investor communications platform, letting users authenticate with a blockchain wallet.

This addresses a common criticism of tokenized stocks — that investors would miss out on governance rights that come with traditional direct ownership.

Ondo’s Global Markets platform outside the US already supports over $1 billion in tokenized securities across more than 430 stocks and ETFs. In June, the company partnered with Exodus to launch Exodus Markets on Solana, giving eligible users access to over 200 tokenized stocks, ETFs, and real-world assets.

The tokenized equities market has grown fast in 2026. It reached a market cap of $5.5 billion as of June 8, up roughly 147% from $2.23 billion at the start of the year. The sector is now the fourth-largest segment within the real-world asset market.

Total tokenized stock value hit $1.67 billion with nearly 181,000 unique holders, according to Ondo data. The market has grown nearly 14-fold since May 2025.

Competitors including Backed Finance are also expanding, with tokenized stocks now available across multiple crypto exchanges and blockchain networks. A recent Binance report showed tokenized real-world assets surged nearly 600% over the past year.

The post Ondo Tokenizes BlackRock ETF and Micron Stock Under SEC Framework appeared first on CoinCentral.