Ondo Finance is bringing tokenized stocks closer to traditional stocks, giving investors a way to participate in corporate governance.
The feature, built by Broadridge Financial Solutions (BR), allows holders of more than 250 tokenized securities on the Ondo platform to review company documents and submit voting preferences through Broadridge’s ProxyVote system.
Investors can log in using a crypto wallet and access documents and governance tools typically reserved for brokerage accounts.
The move comes as tokenized stocks have become one of the fastest-growing sectors in cryptocurrencies, bringing stocks and ETFs into the blockchain orbit. RWA.xyz data shows that the category currently has more than $1.1 billion in locked value, tripling its size over the past year. Ondo is the largest issuer in the industry, offering more than $700 million in equity and ETF tokens to non-U.S. investors on its global markets platform.
Adding proxy voting to equity tokens is important because these products often lack basic governance rights. While Ondo’s tokens remain separate from the underlying shares and do not confer direct shareholder rights, the new system allows investors to express preferences that Ondo can apply when voting for the shares they hold.
“This really hits at the heart of Ondo’s vision, which is to make traditional financial assets more accessible,” Matthieu de Vergnes, Ondo’s global head of institutions, told CoinDesk. “You get all the benefits of on-chain — freely transferable, DeFi compatible — and on top of that, you also get the underlying governance.”
Broadridge, which handles large volumes of proxy voting in traditional markets, is extending its infrastructure to blockchain systems. The company said the goal is to support digital and traditional assets in the same workflow.
Danielle Gurrieri, senior vice president and head of product management at Broadridge, said that providing investors with the same level of auditability, transparency and compliance will “really make the tokenized world more scalable and provide this level of trust to the end investor.”