Ondo Finance debuts SEC-aligned tokenized stock model with BlackRock ETF, Micron shares
Ondo Finance has launched a tokenized stock model on the Ethereum blockchain that aligns with SEC custodial requirements. The product allows for the representation of traditional assets like BlackRock ETFs and Micron shares as tokens, though it is currently restricted to non-U.S. investors.
Why it matters
This represents a significant step in bridging traditional finance with blockchain technology by adhering to existing regulatory frameworks for asset custody.
The company said Thursday the tokenized securities are issued on Ethereum through Oasis Pro TA, an SEC-registered transfer agent Ondo acquired last year. Financial infrastructure provider Broadridge (BR) 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.
The report provides a factual overview of the product launch and its regulatory context without taking a stance on the efficacy of tokenization.
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