Ondo Finance

Overview

Ondo Finance is a tokenization protocol specializing in bringing real-world securities on-chain within regulatory frameworks. Acquired SEC-registered transfer agent Oasis Pro TA in 2025.

Recent Developments

• 2026-07-16: CoinDesk notes alpaca clears/custodies tokenized U.S. equities including Ondo-connected products (company ecosystem claim) (2026-07-16-alpaca-135m-agent-first-brokerage-tokenization)

• 2026-07-10: ousg tokenized Treasury fund reaches **$407.24M\ast \ast TVL,3.45$222M XRPL / ~$185M Ethereum; holds BlackRock BUIDL, Franklin BENJI, Fidelity, State Street positions (2026-07-12-ondo-ousg-407m-tokenized-treasury)

• 2026-07-02: Launched first production deployment of SEC January custodial tokenization model — blackrock iShares Core S&P 500 ETF (IVV) and Micron (MU) on Ethereum (2026-07-02-ondo-tokenized-securities-prnewswire)

• Broadridge partnership: on-chain proxy voting via ProxyVote.com for 250+ tokenized securities

• Ondo Global Markets: $1B+ in tokenized securities across 430+ assets (non-US)

• SEC dropped Biden-era investigation into firm earlier in 2026

Tokens NOT available to US investors despite US regulatory infrastructure. Products limited to non-US participants.

Regulatory Model

SEC January 2026 staff statement custodial model:

1. Regulated custodian holds underlying shares in traditional chain
2. SEC-registered transfer agent (Oasis Pro TA) mints 1:1 Ethereum tokens
3. Broker-dealer/transfer agent/custodian enforce transfer restrictions

Related

• alpaca
• tokenization
• tokenized-equities
• blackrock
• broadridge
• ethereum
• tradfi-defi-convergence
• stablecoin-regulation
• ousg
• tokenized-treasury

Sources

• 2026-07-03-ondo-tokenized-securities-us-debut
• 2026-07-02-ondo-tokenized-securities-cryptobriefing