Juan Carlos

As America turns 250, U.S. securities have come onchain on U.S. rails. Today, Ondo Finance announced the first-ever live solution of third-party tokenized U.S. securities operating entirely within the existing regulatory perimeter in the U.S., in partnership with @Broadridge Financial Solutions Inc. (NYSE: BR) to provide full voting rights for tokenized equity holders. For the first time, U.S. listed securities — BlackRock's iShares Core S&P 500 (IVV) ETF and Micron (MU) shares — were tokenized by a third party on a public blockchain while staying within the existing U.S. regulatory and infrastructure framework. Until now, tokenized securities have largely operated outside the U.S. or have required issuer sponsorship on an issuer-by-issuer basis. This model brings them inside the U.S. regulatory perimeter, with the underlying securities held in the same infrastructure that custodies U.S. securities today. Under this model, which closely follows the SEC's third-party custodial model, the underlying shares never leave the traditional U.S. regulated custody chain. Ondo's registered transfer agent, Oasis Pro, mints corresponding tokens, backed 1:1 by those shares, issued on the Ethereum blockchain and held by regulated custodians. Each token holder will receive the same shareholder rights and protections as shareholders holding through U.S. brokerage accounts receive, including issuer communications and onchain proxy voting through Broadridge's ProxyVote․com platform. “Tokenized Securities in the U.S. are too often framed as a binary choice between competing models and tokenization providers. This is a false premise. Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States. Today's milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors,” — Ian De Bode, CEO of Ondo Finance “Tokenization will only scale when it delivers both innovation and investor confidence,” said Doug DeSchutter, President of Broadridge's Investor Communication Solutions business. “By enabling proxy voting, issuer communications, and regulatory disclosures for Ondo's token holders, we're living up to our promise to empower investors and issuers by providing them with the full range of trusted governance capabilities for tokenized securities regardless of how assets are structured.”

Regulatory clarity is coming for tokenization. Ondo's @iandebode on how GENIUS and CLARITY unlock the institutional capital waiting on the sidelines: “More and more institutional capital is flowing in because for the first time there is a framework.” What GENIUS did for stablecoins, CLARITY will do for tokenized securities: “You should prepare for a world in which tokenized securities coexist with normal securities.” Regulatory clarity is the catalyst institutional capital has been waiting for. With the framework taking shape, trillions in idle capital are primed to come onchain.

Tokenized stocks keep reaching new markets. Roqqu will soon offer Ondo Global Markets’ tokenized stocks and ETFs, expanding access to the world's most in-demand assets across emerging markets.

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