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Ondo Finance Launches a Custodial Tokenized Securities Solution Based on the "Ethereum" in the U.S.
Svmuu News: Ondo Finance announced that it has launched a third-party custodial tokenized securities solution in the United States that operates within the existing regulatory framework, and has partnered with Broadridge Financial Solutions to provide full shareholder governance and voting rights support for holders of tokenized stocks.Under the design of the mechanism, the underlying shares remain within the traditional regulated U.S. custody system. Ondo’s registered transfer agent mints tokens on a 1:1 basis and issues them on the Ethereum blockchain, while the assets are held by a compliant custodian.
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