Ondo Finance debuts SEC-aligned tokenized stock model with BlackRock ETF, Micron shares
Broadridge and transfer agent Oasis Pro underpin a new structure that keeps tokenized securities within existing U.S. market rules, based on the SEC’s third-party custodial model.
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Summary
- Ondo Finance rolls out its first implementation of the SEC’s third-party custodial tokenization model that the agency outlined earlier this year.
- BlackRock’s IVV ETF and Micron shares are the first securities being tokenized under U.S. framework instead of an offshore structure.
- Ondo’s transfer agent Oasis Pro handles issuance, while Broadridge provides proxy voting and shareholder communications to token holders.
