Ondo Finance is bringing tokenized stocks closer to their traditional counterparts, offering investors a way to participate in corporate governance.
The feature, created with Broadridge Financial Solutions (BR), allows holders of more than 250 tokenized securities on the Ondo platform to review company filings and submit voting preferences through Broadridge’s ProxyVote system.
Investors can log in with crypto wallets and then access governance documents and tools normally reserved for brokerage accounts.
The move comes as tokenized stocks have become one of the fastest-growing crypto sectors, driving stocks and ETFs onto the blockchain rails. The category now has more than $1.1 billion in locked value, tripling in size over the past year, data from RWA.xyz shows. Ondo is the largest issuer in the sector, reporting more than $700 million in stocks and ETF tokens on its Global Markets platform, offered to non-US investors.
Adding proxy voting to equity tokens is important because these offerings have often lacked basic governance rights. While Ondo tokens remain separate from the underlying shares and do not grant direct rights to shareholders, the new system allows investors to express preferences that Ondo can apply when voting the shares it owns.
“This really strikes at the heart of Ondo’s vision of making traditional financial assets more accessible,” said Matthieu de Vergnes, global head of institutional at Ondo, in an interview with CoinDesk. “You get all the benefits of being on-chain (freely transferable, DeFi compatible) and you also get the governance you have from the underlying.”
Broadridge, which processes large volumes of proxy votes in traditional markets, is expanding its infrastructure to blockchain systems with this move. The firm said the goal is to support digital and conventional assets within the same workflows.
Giving investors the same level of auditability, transparency and compliance “will really go a long way to making the tokenized world more scalable, giving that level of trust to end investors,” said Danielle Gurrieri, senior vice president and head of product management at Broadridge.
