Ondo Finance rolls out its first U.S.-custodied tokenized securities
Ondo Finance has announced the launch of its first batch of U.S.-custodied tokenized securities, expanding its onchain product lineup with both tokenized market exposure and embedded governance functionality. The initial assets include tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU). The company said these products are among the first to be issued under a U.S. SEC third-party custody framework, positioning the offering around a more formal custody and compliance structure.
Initial products include IVV and MU under a third-party custody model
The product selection combines a broad-market equity ETF and a single-name technology stock. Specifically, Ondo named BlackRock’s S&P 500 ETF IVV and Micron Technology MU as the first tokenized instruments in the launch. Beyond the assets themselves, the governance component is also part of the rollout, suggesting that Ondo is not simply listing synthetic representations but building a more structured product layer around tokenized securities. Its emphasis on the SEC-aligned third-party custody framework is notable at a time when issuers are increasingly trying to align tokenized offerings with existing U.S. market infrastructure expectations.
Tokenized equities market continues to post strong growth
According to the data referenced in the announcement, the tokenized stock market has grown from $1 billion in March to $1.67 billion, while the number of holders has climbed to nearly 181,000. Ondo further said the market has expanded by nearly 14x since May 2025. The company’s timing therefore aligns with a period of rapid category growth rather than a standalone product experiment. The figures point to increasing demand for blockchain-based access to equity-linked assets within a regulated or semi-regulated product framework.
Competition is intensifying across the tokenized securities segment
Ondo’s move also comes as other providers continue scaling their own tokenized securities businesses. The report specifically mentions Backed Finance as another platform actively expanding in the space. Taken together, the combination of new issuers, broader product coverage, and market-size growth has made tokenization one of the fastest-growing areas in crypto in 2026. The original report was cited by Cointelegraph and distributed via Techub.