Ondo Finance launched tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares on Ethereum, each minted on a strict one-for-one basis against real shares held in traditional custody, within a regulatory framework endorsed by the SEC.
US investors can’t actually buy these tokens yet. The products are currently limited to non-US participants.
How the plumbing works
The protocol uses a third-party custodial model where real shares sit with a traditional custodian while Oasis Pro TA, an SEC-registered transfer agent, handles the minting of tokenized entitlements on Ethereum.
Shareholder rights travel with the token too. Proxy voting and corporate disclosures are maintained through Broadridge’s ProxyVote.com platform. That means token holders can vote on shareholder proposals and receive the same communications as someone holding IVV or MU through a traditional brokerage.
