Owners of tokenized stocks and exchange-traded funds (ETF) on the Ondo Finance platform will now be able to participate in governance of the underlying assets through an integration with Broadridge.
Ondo Finance announced a partnership with infrastructure provider Broadridge Financial Solutions, enabling holders of tokenized stocks and ETFs to take part in voting on the underlying securities. The initiative opens access to corporate governance for holders of over 250 tokenized instruments on Ondo.
Investors will now be able not only to hold and freely transfer tokenized stocks but also to express their preferences through voting, as well as access prospectuses, regulatory filings, and other corporate documents. Votes will be counted proportionally based on the number of tokens held, and aggregated data will be combined with votes from traditional market participants, subject to approval by Ondo Global Markets.
Broadridge, which serves more than 10,000 public companies worldwide and processes over $15 trillion in securities transactions daily, will provide its infrastructure for delivering information to investors and accounting for their positions.
Matthieu de Vergnes, MD and Global Head of Institutional at Ondo Finance, emphasized that the goal is to bring tokenized stocks as close as possible to traditional market standards while preserving the advantages of blockchain technology, including 24/7 trading and simplified access. The collaboration expands the very concept of ownership of tokenized assets by adding full-fledged tools for participation in corporate governance. It’s also noted that the launch of voting is only the first step, and functionality will continue to expand as the integration evolves.
At present, Ondo Finance controls around 70% of the tokenized stocks market. The total value locked on the platform exceeds $800 million, with tens of thousands of asset holders. Tokenized instruments are available on the Ethereum, Solana, and BNB Chain blockchains and are supported by major crypto services, including Binance, Bitget, MetaMask, Ledger, and Blockchain.com.
