Ondo Finance announced the launch of a tokenized version of the BlackRock iShares Core S&P 500 ETF (IVV) and Micron Technology (Micron, MU) stock. The product is built on the third-party custodial framework outlined by the U.S. Securities and Exchange Commission (SEC) earlier this year in January, marking the first time that a third party has tokenized U.S.-listed securities on a public blockchain while maintaining the existing U.S. regulatory and market infrastructure. Under this model, the underlying securities remain in the traditional U.S. custody chain, while Ondo’s SEC-registered transfer agent subsidiary, Oasis Pro TA, is responsible for minting 1:1 pegged tokens. Token holders can enjoy the same shareholder rights as those in traditional brokerage accounts. (TheBlock)