Ondo Finance Launches Third-Party Custodied Tokenized Securities Solution in the U.S.

Ondo Finance said it has launched a third-party custodied tokenized securities solution in the United States designed to comply with local regulatory requirements. According to Odaily, the underlying assets are issued on Ethereum, and the company has partnered with financial infrastructure services provider Broadridge to provide shareholder governance and proxy voting services for holders of tokenized stocks. Ondo Finance said the solution uses a two-layer compliance structure. The underlying shares remain held within a U.S.-licensed traditional custody system, while a registered transfer agent under Ondo mints corresponding tokens on a 1:1 basis and deploys them on the Ethereum public blockchain. The company added that the underlying physical securities are simultaneously preserved by a compliant custodian.