TechFlow news, July 2, according to official announcements, Ondo Finance announced a partnership with Broadridge Financial Solutions (NYSE: BR) to launch the first third-party operated custodial tokenized U.S. securities solution within the current U.S. regulatory framework. This marks the first time in history that U.S. listed securities have been tokenized by a third party on a public blockchain while fully complying with current U.S. regulatory frameworks and infrastructure requirements.
The tokenization targets include BlackRock's iShares Core S&P 500 Index ETF (IVV) and Micron Technology (MU) stocks. The relevant tokens are issued on the Ethereum blockchain and are 1:1 backed by underlying stocks via regulated custodians, with the underlying securities always remaining within the traditional U.S. regulated custody chain.
This solution follows the third-party custody model described in the tokenized securities statement released by the U.S. Securities and Exchange Commission (SEC) in January 2026. Broadridge will provide services such as proxy voting, issuer communications, and regulatory information disclosure to token holders through its ProxyVote.com platform, enabling them to enjoy the same shareholder rights and protections as investors holding traditional securities.
