Ondo Finance provides a way for investors to participate in corporate governance by making tokenized stocks closer to traditional assets.
Built with Broadridge Financial Solutions (BR), this feature allows holders of more than 250 tokenized securities on the Ondo platform to review company filings and submit voting preferences through Broadridge’s ProxyVote system.
Investors can log in with their cryptocurrency wallet and then access documentation and governance tools typically reserved for brokerage accounts.
The move comes as stocks and ETFs hit the blockchain rails, with tokenized equities emerging as one of the fastest-growing sectors in the cryptocurrency space. According to RWA.xyz data, the category is now valued at over $1.1 billion and has tripled in size over the past year. Ondo is the largest issuer in the sector, reporting over $700 million in equity and ETF tokens on its Global Markets platform available to investors outside the United States.
Adding proxy voting to equity tokens is important because these proposals often lack basic governance rights. Although Ondo’s tokens are held separately from the underlying shares and do not grant direct shareholder rights, the new system allows investors to express preferences that can be applied when voting on shares held by Ondo.
“It really goes to the heart of Ondo’s vision to increase access to traditional financial assets,” Matthieu de Vergnes, global head of institutional at Ondo, told CoinDesk. “You get all the benefits of on-chain (freely transferable and compatible with DeFi), and best of all, you get the governance that native provides.”
Broadridge, which handles large amounts of voting rights in traditional markets, is expanding its infrastructure to blockchain systems through this move. The company said its goal is to support both digital and traditional assets within the same workflow.
Danielle Gurrieri, Broadridge’s senior vice president and head of product management, said providing investors with the same level of auditability, transparency and compliance “will go a long way in making the tokenized world more scalable and providing that level of trust to end investors.”