Ondo Finance Introduces Proxy Voting for $700 Million in Tokenized Equities

TL;DR: - Ondo Finance partnered with Broadridge to enable proxy voting on more than 250 tokenized stocks and ETFs available on its Global Markets platform. - Token holders can express their voting preferences through Broadridge’s ProxyVote system by logging in directly with their crypto wallets. - The tokenized stock market surpasses $1.1 billion in total value locked and has tripled in size over the past year, according to RWA.xyz data. Ondo Finance announced an integration with Broadridge Financial Solutions to enable proxy voting on more than 250 tokenized stocks and ETFs available on its Global Markets platform. This functionality allows holders of these tokens to review regulatory documents, prospectuses and corporate filings, as well as express voting preferences through the ProxyVote system of Broadridge. To do so, they must log in directly with their crypto wallets. Corporate Governance in Tokenized Stocks Until now, tokenized stocks had lacked governance rights comparable to those offered by a traditional brokerage account. Although Ondo’s tokens do not grant direct shareholder rights over the underlying securities, the new system allows investors to indicate their preferences, which the platform applies proportionally when casting votes on the shares it holds in custody. Broadridge’s participation is critical: the firm processes more than $15 trillion in securities daily and serves more than 10,000 public companies as critical infrastructure for the global financial market. Through this integration, it extends that same infrastructure to blockchain-based systems, aiming for digital and conventional assets to move within the same operational flows. Ondo Finance Dominates the Tokenized Stock Market Matthieu de Vergnes, Global Head of Institutional at Ondo Finance, stated that this initiative is essential to strengthen the full visibility of tokenized assets. “You get all the benefits of being onchain —freely transferable, DeFi-compatible— and on top of that, the governance you get from the underlying.” For her part, Danielle Gurrieri, Senior Vice President and Head of Product Management at Broadridge, noted that offering auditability, transparency and regulatory compliance in the tokenized market will be decisive in scaling adoption and building trust among end investors. Ondo is currently the largest tokenized stock platform, holding approximately 70% market share and more than $800 million in total value locked. Its tokens operate on Solana, Ethereum and BNB Chain, with wallet and exchange support from Binance, Bitget and MetaMask. The market as a whole surpasses $1.1 billion in total value locked, according to RWA.xyz, and has tripled in size over the past year.