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CryptoMedium•2 July 2026•

1 min read

Ondo Finance Launches First Onshore Tokenized U.S. Securities

Key Facts

1Ondo Finance tokenized BlackRock's IVV ETF and Micron stock with 1:1 backing on the Ethereum network.

2The launch marks the first-ever live deployment of third-party tokenized U.S. securities within the U.S. regulatory perimeter.

In a move reflecting the accelerating integration of traditional assets into decentralized networks, Ondo Finance has announced the first-ever live deployment of third-party tokenized U.S. securities within the U.S. regulatory perimeter. The platform tokenized BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) stock with 1:1 backing on the Ethereum network. According to reports, this initiative aims to bridge traditional finance and blockchain technology utilizing a U.S.-based custodial model.

This expansion comes amid surging institutional interest in Real-World Assets (RWA), with major firms like BlackRock leading the trend through funds such as BUIDL, which recently surpassed a $500 million market cap per market data. Micron (MU) remains a pivotal player in the semiconductor space, having reported $6.81 billion in revenue in its latest fiscal quarter, making its tokenization a strategic link between crypto liquidity and U.S. tech sector performance.

Regarding the underlying instruments, MU closed at $987.3 and IVV at $748.785 (close July 02, 2026). Traders are monitoring MU's support levels near $977.51, while looking ahead to the China Manufacturing PMI on June 30 as a global tech catalyst, alongside upcoming speeches from Federal Reserve officials scheduled in the calendar.