Ondo Finance has taken another major step in the tokenization race. The company unveiled a new model for tokenized U.S. equities that it says complies with the Securities and Exchange Commission’s (SEC) regulatory framework, while bringing traditional shareholder rights on-chain.

The launch comes as Ondo Global Markets surpasses $1 billion in total value locked (TVL) and claims around 60% of the tokenized equities market, reinforcing its position as one of the leading players in the rapidly growing real-world asset (RWA) sector.

The first assets available under the new structure include tokenized exposure to BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (NASDAQ: MU). According to Ondo, the tokenized version of Micron—trading under the ticker MUon—quickly became the platform’s second-largest tokenized stock after launch, highlighting growing demand for individual equities alongside tokenized ETFs.

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… pic.twitter.com/auHGrXFtrv

— Ondo Finance (@OndoFinance) July 2, 2026

Unlike synthetic products or wrapped assets, Ondo’s model keeps the underlying shares inside the traditional U.S. financial system. The stocks remain with regulated custodians, while registered transfer agent Oasis Pro TA issues Ethereum-based tokens backed one-to-one by those securities.

That structure is designed to solve one of the biggest concerns surrounding tokenized stocks: investor rights. Ondo says token holders receive the same shareholder communications, proxy voting rights and corporate disclosures as investors holding the underlying shares through traditional brokerage accounts.

Bridging Wall Street and blockchain

To support those rights, Ondo partnered with Broadridge Financial Solutions, one of the largest providers of shareholder communication services in traditional finance. The integration adapts Broadridge’s ProxyVote platform for blockchain wallets, allowing eligible investors to vote on corporate matters directly from their crypto wallets while continuing to receive regulatory filings and company notices.

Access to the platform remains restricted. Investors must complete KYC verification, while transfer restrictions and compliance controls are enforced by regulated broker-dealers, custodians and the transfer agent. The approach is intended to meet existing U.S. securities regulations rather than replace them.

The announcement follows a series of moves that have positioned Ondo at the forefront of tokenized finance. Earlier this year, the company introduced 24/7 minting and redemption for its tokenized stocks and ETFs, removing one of the biggest limitations of traditional markets. Ondo has also expanded its ecosystem through partnerships with firms including BlackRock, Franklin Templeton and Mastercard, reflecting growing institutional interest in bringing financial assets on-chain.

As tokenization gains momentum, Ondo’s latest launch offers another glimpse of where traditional finance and blockchain infrastructure may be heading: regulated, always-on markets that preserve investor protections while unlocking the efficiency of public blockchains