Ondo brings proxy voting to tokenized stocks and ETFs with Broadridge

Tokenized stock holders can now participate in corporate governance, closing a long-standing gap between onchain securities and their traditional counterparts.

Ondo Finance has teamed up with financial technology giant Broadridge to give holders of tokenized stocks and exchange-traded funds (ETFs) the ability to participate in proxy voting.

Broadridge has built a Web3-enabled relay system where tokenholders connect their crypto wallet to Broadridge's ProxyVote platform, submit their voting preference, and Ondo's issuer then votes the real shares accordingly, with the entire process recorded onchain for transparency, according to a Tuesday announcement.

“By working with Broadridge, we are enabling holders of our on-chain tokenized stocks to access governance and voting capabilities, with all the additional benefits on-chain tokens provide,” Matthieu de Vergnes, global head of institutional at Ondo Finance, said.

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