Daily Observation of Crypto Concept Stocks: 1:1 Wall Street Mapping on Public Chains, Ondo Partners with BR to Break Through US Stock Tokenization Custody

1. Ondo: The First Public Chain Third-Party Tokenization of US Listed Securities

After a long period of regulatory exploration, the legal integration of decentralized finance and Wall Street's existing assets has finally welcomed a breakthrough.

According to today's official announcement, the blockchain-native financial protocol Ondo Finance has officially reached a deep cooperation with the traditional securities service giant Broadridge Financial Solutions (NYSE: $BR), which is listed on the New York Stock Exchange. The two parties will launch the first fully third-party operated custodial tokenization solution for US securities within the current regulatory framework in the United States. The first batch of tokenized assets selected for injection into the Ethereum blockchain includes: one of the world's largest ETFs—the iShares Core S&P 500 ETF (NYSE: $IVV) under BlackRock, and the stock of semiconductor giant Micron Technology, Inc. (NASDAQ: $MU).

2. Implementation of the Third-Party Custody Model: Firmly Locking Underlying Securities within the Traditional Regulatory Chain

The reason this solution can smoothly pass through in the United States is that it perfectly aligns with the "third-party custody model" described in the tokenized securities statement released by the Securities and Exchange Commission (SEC) in January 2026.

In the past, tokenized securities often faced accusations of disconnecting underlying assets from on-chain tokens or evading compliance with clearing and settlement systems. However, in the design of Ondo and Broadridge, all tokens issued on Ethereum are backed 1:1 by underlying stocks through regulated custodians. Crucially, the underlying physical securities always remain within the traditional regulated custody chain in the United States, not drifting outside the system. This structure of "on-chain ownership exercise, off-chain compliance lock" completely eliminates the SEC's concerns about financial stability and asset rights confirmation.

3. Seamless Integration of Shareholder Rights: Broadridge Accessing Tokenized Communication Infrastructure

In addition to asset custody, the most radical innovation of this joint solution is the authentic transfer of traditional shareholders' "political rights" to Web3.

As a provider of back-end infrastructure on Wall Street controlling trillions of dollars in voting rights, Broadridge will officially provide a full suite of services including proxy voting, issuer communications, and mandatory regulatory disclosures for on-chain investors holding tokenized IVV or MU through its core platform ProxyVote.com. This means that whether investors hold Micron Technology stocks through traditional Fidelity accounts or hold its tokenized tokens in Ethereum wallets, they will enjoy fully equivalent shareholder rights, dividends, and consumer protections.

4. Infrastructure Leap of DeFi Towards Mainstream Finance

In light of today's significant compliance progress, the global crypto industry is ushering in a "great convergence" under clear regulatory benefits. While some wavering companies (such as the former K Wave Media) are forced to completely exit the crypto treasury and liquidate towards the AI camp due to price volatility, institutions with real infrastructure breakthrough capabilities are accelerating the "tokenization" of trillions of dollars in US stock assets. The cooperation between Ondo and Broadridge provides an impeccable compliance model for the integration of the global Web3 ecosystem and the traditional mainstream financial system, which means that the RWA track in the second half of 2026 has officially opened its doors to top Wall Street core assets like the S&P 500.

Source: https://bbx.com/ Crypto Concept Stock Information Database, compiled based on yesterday's announcements from global listed companies and SEC/TSE disclosure documents.