Svmuu News: Ondo Finance has announced the launch of a third-party custodial tokenized securities solution in the United States that complies with local regulatory requirements. The underlying assets are issued via Ethereum, and the company has partnered with financial infrastructure provider Broadridge to offer tokenized stockholders comprehensive shareholder governance and proxy voting services.
The solution employs a two-tier compliance architecture: the underlying physical shares remain held within a licensed traditional U.S. custody system; Ondo’s registered transfer agent mints tokens on a 1:1 basis and deploys them on the Ethereum public blockchain, while the underlying physical securities are simultaneously entrusted to a compliant custodian for safekeeping. (PR Newswire)