Ondo Launches IVV and Micron Tokenized Products in the US Compliant with SEC Framework

CoinFeed July 2 news, according to The Block, Ondo Finance launches tokenized products based on BlackRock's iShares Core S&P 500 ETF (IVV) and Micron (MU) in the US, adopting the third-party custody guidance structure issued by the US SEC in January this year. Under this model, the underlying securities remain in the traditional US custody system, with Ondo's SEC-registered transfer agent Oasis Pro TA minting tokens 1:1 on Ethereum, held by qualified custodians. Token holders can enjoy the same shareholder rights as traditional securities accounts and on-chain voting services through Broadridge's ProxyVote.com, with transfer restrictions enforced by brokers, transfer agents, and custodians in accordance with current regulatory requirements.