Ondo Finance adds proxy voting for holders of its $700 million tokenized equities
The move aims to bring Ondo’s tokenized stocks and ETFs closer to traditional ones held in a brokerage account.
What to know:
- Ondo Finance taps Broadridge to add proxy voting and filings access for 250+ tokenized stocks and ETFs.
- Investors can use their crypto wallets to access governance tools typically tied to brokerage accounts.
- Voting preferences guide how Ondo votes underlying shares, aiming to improve trust and transparency.
In this article
Investors can log in with crypto wallets, then access documents and governance tools typically reserved for brokerage accounts.
The move comes as tokenized equities have emerged as one of the fastest-growing sectors in crypto, bringing stocks and ETFs on blockchain rails. The category now holds over $1.1 billion in value locked, tripling in size over the past year, RWA.xyz data shows. Ondo is the largest issuer in the sector, reporting more than $700 million in stock and ETF tokens on its Global Markets platform, offered to non-U.S. investors.
Adding proxy voting to equity tokens matters because these offerings have often lacked basic 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 the shares it holds.
