Ondo Finance Pioneers SEC-Compliant Tokenized Stock Model with BlackRock and Micron

Ondo Finance has made history by launching the first SEC-aligned tokenized stock model with BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares. This move is significant as it showcases a new structure that keeps tokenized securities within existing U.S. market rules, based on the SEC's third-party custodial model.

According to Ondo Finance CEO Ian de Bode, 'Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States.'

The company used Ethereum through Oasis Pro TA, an SEC-registered transfer agent acquired last year, to issue blockchain-based versions of IVV and MU shares. Financial infrastructure provider Broadridge will handle proxy voting, regulatory disclosures, and shareholder communications, allowing token holders to receive the same governance rights as investors who own the securities through traditional brokerage accounts.

This implementation is a significant milestone for Ondo Finance and demonstrates that blockchain-based securities can fit within the current U.S. regulatory and custody framework.