Ondo expands tokenized equities with onchain shareholder voting
Ondo’s latest partnership adds shareholder governance to tokenized stocks as competition in blockchain-based equity offerings accelerates.
Ondo Finance is adding shareholder voting rights to its tokenized stocks and exchange-traded funds (ETFs) through a partnership with financial infrastructure provider Broadridge, addressing one of the key limitations of blockchain-based securities.
The companies announced Thursday that holders of more than 250 tokenized securities issued through Ondo will be able to participate in proxy voting and access corporate communications, including regulatory filings and other shareholder documents.
The integration uses a Web3-enabled version of Broadridge’s investor communications platform, allowing users to authenticate with blockchain wallets while accessing governance services typically reserved for shareholders in traditional markets.