Ondo Finance brings tokenized stocks closer to their traditional counterparts and offers investors a way to participate in corporate governance.
The feature, built in partnership with Broadridge Financial Solutions (BR), allows holders of more than 250 tokenized securities on Ondo’s platform to view corporate documents 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 investment accounts.
The move comes as tokenized equity has emerged as one of the fastest growing sectors in crypto, putting stocks and ETFs on blockchain rails. The category now holds more than $1.1 billion in value, which has tripled in size over the past year, according to data from RWA.xyz. Ondo is the largest issuer in the industry, 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 often lack fundamental governance rights. While Ondo’s tokens remain separate from the underlying shares and do not grant direct shareholder rights, the new system lets investors express preferences that Ondo can apply when voting on the shares it owns.
“It really goes to the heart of Ondo’s vision to make traditional financial assets more accessible,” Matthieu de Vergnes, global head of Ondo’s institutional practice, said in an interview with CoinDesk. “You get all the benefits of being onchain – freely transferable, compatible with DeFi – plus you get the governance you have of the underlying.”
Broadridge, which processes large volumes of proxy votes in traditional markets, is expanding its infrastructure to blockchain systems with this move. The company 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 end investors that level of confidence,” says Danielle Gurrieri, senior vice president and head of product management at Broadridge.