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Ondo Finance debuts SEC-aligned tokenized stock model with BlackRock ETF, Micron shares
Key takeaways
- The company said Thursday the tokenized securities are issued on Ethereum through Oasis Pro TA, an SEC-registered transfer agent Ondo acquired last year.
- Importantly, the product is not yet available to U.S. investors.
- Ondo said it is the first production deployment of the SEC's custodial tokenization model, using two securities to demonstrate that blockchain-based securities can fit within the current U.S.
The company said Thursday the tokenized securities are issued on Ethereum through Oasis Pro TA, an SEC-registered transfer agent Ondo acquired last year. Financial infrastructure provider Broadridge (BR) will handle proxy voting, regulatory disclosures and shareholder communications, allowing token holders to receive the same governance rights as investors who own the securities through traditional brokerage accounts.
Importantly, the product is not yet available to U.S. investors.
Ondo said it is the first production deployment of the SEC's custodial tokenization model, using two securities to demonstrate that blockchain-based securities can fit within the current U.S. regulatory and custody framework.
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