ONDO Finance tokenizes BlackRock’s IVV ETF and Micron shares under US regulatory framework
The protocol brings tokenized versions of major US securities to Ethereum using an SEC-endorsed custodial model, though American investors can't actually buy them yet
Ondo Finance launched tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares on Ethereum, each minted on a strict one-for-one basis against real shares held in traditional custody, within a regulatory framework endorsed by the SEC.
US investors can’t actually buy these tokens yet. The products are currently limited to non-US participants.
How the plumbing works
The protocol uses a third-party custodial model where real shares sit with a traditional custodian while Oasis Pro TA, an SEC-registered transfer agent, handles the minting of tokenized entitlements on Ethereum.
Shareholder rights travel with the token too. Proxy voting and corporate disclosures are maintained through Broadridge’s ProxyVote.com platform. That means token holders can vote on shareholder proposals and receive the same communications as someone holding IVV or MU through a traditional brokerage.
Ondo also rolled out 24/7 minting and redemption capabilities for its tokenized equities as of June 2026.
From offshore pioneer to US beachhead
This launch isn’t Ondo’s first rodeo. The protocol has previously tokenized over $1 billion worth of assets across more than 430 stocks and ETFs, though that portfolio was overwhelmingly focused on non-US markets.
CEO Ian De Bode has emphasized the infrastructure built to support regulatory-compliant tokenization for both domestic and international investors.
What this means for investors and the broader market
The ONDO token reacted to the news with a modest bump, trading near $0.33 at the time of the announcement.