The partnership lets holders of tokenized equity and ETFs participate in proxy voting and access other governance features.
Ondo Finance has teamed up with financial infrastructure giant Broadridge Financial Solutions to give holders of tokenized stocks and ETFs the ability to participate in on-chain proxy voting, according to a press release today, April 28.
The partnership enables holders of more than 250 Ondo tokenized stocks and ETFs to vote in shareholder events via a new platform built by Broadridge. Token holders will also gain access to prospectuses, regulatory filings, and other governance materials for the securities underlying their positions, according to the release.
Broadridge has integrated wallet authentication into its ProxyVote platform to allow investors to sign in and submit votes with a verifiable on-chain record, the release explains.
Ondo president Ian De Bode said on X today hat token holders will be able to “connect their wallet and vote on any relevant shareholder event, just like you would when holding stocks in a brokerage account,” adding that “the lines between offchain and onchain investing continue to blur, with Ondo leading the way.”
The integration marks another step in Ondo’s push to make on-chain equities functionally equivalent to their traditional counterparts.
The protocol launched tokenized U.S. stocks on Ethereum last September, and has since added integrations with MetaMask, Trust Wallet, Felix Protocol on Hyperliquid, and others, as The Defiant has previously reported.
Broadridge is itself a dominant force in tokenized real-world assets. Its Distributed Ledger Repo (DLR) platform accounts for 100% of tokenized RWA value on the Canton Network, per RWAxyz data.
Meanwhile, in December, tokenization platform Superstate launched direct on-chain stock issuance for Securities and Exchange Commission-registered public companies. As the The Defiant reported at the time, investors receive the newly issued on-chain shares in their own name, with the same voting rights as traditional stocks.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Source: https://thedefiant.io/news/tradfi-and-fintech/ondo-broadridge-corporate-governance-tokenized-equity
