Ondo Finance Launches First-Ever Custodial Tokenized Securities in the U.S., Broadridge Partners to Integrate World Class Governance

Ondo announced a U.S. expansion as part of its tokenized-securities push, with U.S.-listed securities (BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron (MU) shares) tokenized by a third party on a public blockchain for the first time. The development underscores growing interoperability between traditional capital markets and on-chain settlement, which is constructive for tokenization adoption, though it is unlikely to immediately move the underlying ETF/stock prices.

Analysis

Ondo announced a U.S. expansion as part of its tokenized-securities push, with U.S.-listed securities (BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron (MU) shares) tokenized by a third party on a public blockchain for the first time. The development underscores growing interoperability between traditional capital markets and on-chain settlement, which is constructive for tokenization adoption, though it is unlikely to immediately move the underlying ETF/stock prices.