Ondo Finance Tokenizes BlackRock IVV ETF and Micron Shares in U.S. Custodial First, Broadridge to Integrate Governance

Ondo Finance, ranked first among tokenized-securities platforms by total value, has launched the first custodial tokenized securities in the United States, placing BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares on a public blockchain through a third-party custodial structure. Broadridge Financial Solutions has agreed to integrate governance capabilities into the Ondo platform as part of the rollout.

First Third-Party Tokenization of U.S.-Listed Equities on a Public Chain

The structural distinction at the center of this milestone: U.S.-listed securities have been tokenized by a third party on a public blockchain for the first time — not by an issuer acting on a proprietary or permissioned system. The two securities chosen for the initial launch are IVV, BlackRock's iShares Core S&P 500 index fund, and MU, Micron Technology's common stock. The pairing spans both a pooled fund wrapper and a direct single-name equity, which suggests the platform is built from the start to accommodate more than one asset format. Both underlyings are liquid, widely held, and recognizable to institutional and retail participants alike — a practical choice for a market debut where credibility matters more than novelty.

Broadridge's Role: Governance at the Infrastructure Layer

Broadridge, a firm woven into equity settlement and corporate-action workflows across U.S. markets, is integrating what the companies describe as world-class governance into the Ondo platform. The involvement is designed to carry shareholder rights mechanics and institutional oversight onto the chain — addressing one of the recurring structural objections to tokenized equities: that on-chain positions cannot replicate the governance standing of conventional share ownership. The source does not specify the technical architecture of that integration.

Ondo's U.S. Expansion from a Position of Global Leadership

The U.S. launch is a geographic expansion for Ondo, which already holds the top position in the global tokenized-securities market by total value. The custodial model — underlying securities held by a custodian, tokens representing ownership circulating on-chain — is the structure most often cited as compatible with existing U.S. regulatory frameworks. Entering the domestic market with that architecture, and with Broadridge anchoring the governance layer, puts Ondo ahead of the field in a segment where regulatory clarity is still developing.