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Ondo tokenizes BlackRock's IVV ETF and Micron stock under SEC custody model

Ondo tokenizes BlackRock's IVV ETF and Micron stock under SEC custody model
Ondo expands tokenization

​Ondo Finance has launched tokenized versions of BlackRock's iShares Core S&P 500 ETF (IVV) and Micron stock under a third-party custody framework outlined by the U.S. Securities and Exchange Commission (SEC) in guidance published in January 2026.

According to Ondo, this marks the first time U.S.-listed securities have been tokenized on a public blockchain using the existing U.S. capital markets infrastructure without the direct involvement of the issuers.

Under the model, the underlying shares and ETF remain within the traditional custody system, while Oasis Pro TA, an SEC-registered transfer agent, issues tokens backed 1:1 by the underlying securities.

The tokens are issued on Ethereum and held by regulated custodians.

Token holders retain shareholder rights

Ondo said investors receive the same rights as traditional brokerage account holders, including access to corporate communications and the ability to vote through the ProxyVote platform.

Compliance with transfer restrictions is handled by licensed brokers, transfer agents, and custodians, ensuring all transactions meet U.S. regulatory requirements.

Ondo Finance CEO Ian De Bode said the launch demonstrates that securities can be tokenized while complying with both market infrastructure and regulatory standards.

Tokenized securities market continues to expand

Ondo continues to expand its real-world asset (RWA) business. Outside the United States, its Global Markets platform already offers access to more than 430 tokenized stocks and ETFs, with over $1 billion in tokenized assets.

Institutional interest in tokenized real-world assets also continues to grow.

Recently, the tokenized RWA market surpassed $51 billion in capitalization, up 40% since the start of 2026 despite an approximately 20% decline in the broader crypto market. According to Bernstein, tokenized private credit remains the largest segment, accounting for 47% of the market, followed by tokenized U.S. Treasurys with a share of about 30%.

Earlier, Ondo Finance partnered with Exodus to launch Exodus Markets, a platform providing access to more than 200 tokenized stocks, ETFs, and RWAs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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