Ondo Partners with Broadridge to Launch Custodial Tokenized US Securities Solution in the United States

BlockBeats News, July 2nd, Ondo Finance announced a partnership with Broadridge Financial Solutions (NYSE: BR) to launch the first third-party custody-based tokenized U.S. securities solution within the current U.S. regulatory framework. The tokenized assets in this offering include BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU). The related tokens are issued on the Ethereum blockchain and backed 1:1 by the underlying stocks through a regulated custodian, ensuring the underlying securities remain within the traditional U.S. regulated custody chain.

Broadridge will provide token holders with services such as proxy voting, issuer communications, and regulatory disclosure through its platform, giving them the same shareholder rights and protections as holders of traditional securities.