Ondo Finance launches tokenized BlackRock ETF, Micron stock in US

Ondo Finance (ONDO) has launched a third-party custodial tokenized securities service in partnership with Broadridge Financial Solutions, according to a PR Newswire press release. The company stated that the offering, which operates within the U.S. regulatory framework, is based on a third-party custody model outlined by the U.S. Securities and Exchange Commission (SEC) in January. Ondo has commercialized tokenized versions of the BlackRock iShares Core S&P 500 ETF (IVV) and Micron (MU) stock, describing them as the first of their kind in the United States. Token holders will receive the same rights as traditional shareholders, including notices, voting rights, and investor protections, through a U.S. brokerage account.