Ondo Finance brings tokenized shares closer to their traditional counterparts and offers investors a way to participate in corporate governance.
Built with Broadridge Financial Solutions (BR), the feature allows holders of more than 250 tokenized securities on Ondo’s platform to review corporate filings and submit voting preferences through Broadridge’s ProxyVote system.
Investors can log in with crypto wallets and then access documents and management tools typically reserved for brokerage accounts.
The move comes as tokenized stocks have emerged as one of the fastest-growing sectors in crypto, bringing stocks and ETFs onto blockchain rails. The category now has over $1.1 billion in value locked up, tripling in size over the past year, data from RWA.xyz shows. Ondo is the largest issuer in the sector, reporting more than $700 million in equity and ETF tokens on its Global Markets platform offered to non-US investors.
Adding proxy voting to equity tokens is important because these offerings have often lacked basic governance rights. While Ondo’s tokens remain separate from the underlying shares and do not confer direct shareholder rights, the new system lets investors express preferences that Ondo can apply when voting on the shares it owns.
“It really hits at the heart of Ondo’s vision to make traditional financial assets more accessible,” said Matthieu de Vergnes, Ondo’s global head of institutions, in an interview with CoinDesk. “You get all the benefits of being onchain – freely transferable, compatible with DeFi – and on top of that you get the control you have from the underlying.”
Broadridge, which processes large volumes of proxy votes in traditional markets, is expanding its infrastructure for blockchain systems with this move. The firm said the goal is to support both digital and conventional assets within the same workflows.
Giving investors the same level of auditability, transparency and compliance will “really go a long way in making the tokenized world more scalable, giving that level of confidence to end investors,” said Danielle Gurrieri, senior vice president and head of product management at Broadridge.
