Ondo Finance has integrated proxy voting for its tokenized equities through a partnership with Broadridge Financial Solutions. The feature allows investors to review company filings and submit voting preferences directly from their wallets, covering over 250 tokenized securities. Ondo Finance retains ownership of the underlying shares and aggregates investor preferences to vote, providing governance exposure without granting direct shareholder rights.
Ondo Finance has launched a proxy voting feature for tokenized equities, linking blockchain-based assets with traditional governance. The integration uses Broadridge’s ProxyVote system for over 250 supported securities.
Investors can access disclosures and submit voting preferences through their wallets. Ondo Finance holds the underlying shares and applies these aggregated preferences during votes.
Matthieu de Vergnes, global head of institutional at Ondo Finance, stated the feature aligns with making traditional assets more accessible. He said that it offers on-chain benefits and governance exposure associated with underlying equities.
The tokenized equities market has grown significantly, with data showing over $1.15 billion in value locked. This represents a threefold increase over the past year.
Ondo Finance reported over $700 million in tokenized stocks and ETF products on its platform for non-U.S. investors. The company claims to be the largest issuer in this segment.
Danielle Gurrieri of Broadridge emphasized the need for auditability and transparency to scale tokenized markets. She further mentioned that tokenized markets can only be scaled by auditability, transparency, and compliance.
