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Ondo Finance has launched tokenized versions of BlackRock's IVV exchange-traded fund and Micron Technology shares, settling both instruments on Ethereum under a custodial model defined by U.S.
The move places two mainstream financial assets — a broad equity ETF and a single-stock position — onto a public blockchain, with the regulatory structure designed to answer the question that has tripped up most tokenization projects: who actually holds the underlying securities.
What Tokenization Means Here Tokenization, in plain terms, is the process of representing a real-world asset as a digital token on a blockchain.
The token is supposed to track the value and ownership rights of the original asset, in this case shares of the BlackRock IVV ETF and Micron stock, while allowing those positions to move across blockchain rails instead of through traditional brokerage infrastructure.
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