Ondo Launches Tokenized IVV and Micron Shares Under SEC Framework 

TLDR

• Ondo launches tokenized IVV and Micron shares under SEC framework.

• Tokenized securities stay backed 1:1 by U.S.-custodied shares.

• Broadridge adds proxy voting tools for Ondo token holders.

• Ondo uses Ethereum while keeping assets in regulated custody.

• Launch expands Ondo’s U.S. push into tokenized securities.

Ondo launched tokenized versions of BlackRock’s iShares Core S&P 500 ETF and Micron shares in the U.S. market. The launch uses a third-party custodial structure described by the SEC in January 2026. The move brings tokenized U.S. securities into regulated market infrastructure.

Ondo brings tokenized IVV into the U.S. custody chain

Ondo issued a tokenized version of BlackRock’s iShares Core S&P 500 ETF on Ethereum. The product tracks IVV, one of the largest exchange-traded funds tied to the S&P 500. The underlying ETF shares remain inside the traditional U.S. custody system.

Oasis Pro TA, Ondo’s SEC-registered transfer agent subsidiary, mints the related tokens. Each token has 1:1 backing from the underlying ETF shares. Regulated custodians hold the tokens, while conventional custodians keep the actual securities.

The structure follows the SEC’s January 2026 statement on tokenized securities. That statement described a model where a third party holds securities and issues related crypto assets. Ondo used that framework to launch a live U.S. tokenized ETF product.

Ondo adds Micron shares to tokenized equities push

Ondo also launched a tokenized version of Micron stock under the same structure. Micron shares stay within the regular U.S. custody chain. The related tokens give holders exposure through Ethereum-based records.

The Micron product expands Ondo’s push into tokenized equities and regulated market access. The model avoids offshore issuance and does not depend on issuer-by-issuer sponsorship. It works through existing broker-dealer, transfer agent, and custody arrangements.

Transfer rules apply through participating broker-dealers, custodians, and the transfer agent. These controls help match token activity with current regulatory requirements. As a result, Ondo links blockchain settlement tools with established U.S. securities infrastructure.

Broadridge supports voting rights for token holders

Broadridge supports the launch by providing governance tools for tokenized equity holders. Token holders can receive issuer communications and regulatory disclosures through established channels. They can also use ProxyVote.com for onchain proxy voting.

Ondo said token holders receive shareholder rights and protections similar to brokerage account holders. These rights include issuer updates and voting access tied to the underlying securities. The setup gives tokenized securities a stronger connection to public market governance.

The launch also adds context to Ondo’s wider real-world asset strategy. Outside the U.S., its Global Markets platform supports more than $1 billion in tokenized securities. That platform covers more than 430 stocks and ETFs across supported markets.

Ondo has also expanded through partnerships in recent months. In June, it worked with Exodus to launch Exodus Markets on Solana. The platform gives eligible users access to tokenized stocks, ETFs and real-world assets.

The latest launch places Ondo deeper inside the U.S. tokenization market. It combines Ethereum-based issuance with traditional custody, voting, and compliance systems. The result gives tokenized securities a clearer path under existing U.S. market rules.