Ondo Finance has partnered with Broadridge Financial Solutions to enable on-chain proxy voting for holders of tokenized stocks and ETFs, allowing over 250 tokenized assets representing $700 million in value to participate in shareholder votes through blockchain wallets. The system links Ondo's tokenized securities with Broadridge's ProxyVote platform, recording voting actions on-chain while routing execution through existing market infrastructure where actual assets remain held at the Depository Trust Company. Ondo Finance controls approximately 70% of the tokenized equities market, which has grown to $1.15 billion in total value with $2.27 billion in monthly transfer volumes and over 217,000 holders. The integration brings tokenized equities closer to traditional brokerage functionality while Ondo works with the SEC to clarify regulatory frameworks for stock tokenization.
Ondo and Broadridge's onchain proxy voting system for tokenized securities
- ▪Investors using the Ondo Finance and Broadridge Financial Solutions system check company documents, submit voting choices, and confirm them through their wallets
- ▪The Ondo Finance and Broadridge Financial Solutions voting system records voting actions onchain while actual execution runs through existing market infrastructure
- ▪The Ondo Finance and Broadridge Financial Solutions system links Ondo's tokenized securities with Broadridge's ProxyVote platform
- ▪Ondo Finance and Broadridge Financial Solutions introduced an onchain voting system for tokenized stocks and ETFs
- ▪The Ondo Finance and Broadridge Financial Solutions onchain voting system allows holders of more than 250 tokenized assets to participate in shareholder votes using blockchain wallets
Growth and market dynamics of tokenized equities
- ▪Ondo Finance total value locked amounts to over $700 million
- ▪Tokenized equities monthly transfer volumes reached $2.27 billion according to RWA.xyz data
- ▪Ondo Finance partnered with Franklin Templeton to bring tokenized ETF exposures to blockchain
- ▪The number of tokenized equity holders climbed above 217,000 according to RWA.xyz data
- ▪Tokenized stocks reached a market value of $1.15 billion
- ▪Ondo Finance holds approximately 70% market share in the tokenized equities sector
Regulatory compliance framework for tokenized stocks
- ▪Ondo Finance held meetings with the U.S. Securities and Exchange Commission to clarify the way for tokenizing stocks
- ▪Under the Ondo Finance tokenization setup, actual assets remain held at the Depository Trust Company
Perspective of Traditional finance institutions
- ▪The Depository Trust Company continues to hold actual assets underlying Ondo Finance tokenized securities
Story comments
Loading comments…