Ondo Finance rolls out proxy voting for 250+ tokenized stocks and ETFs via Broadridge
AI Market Summary
Ondo Finance integrated Broadridge proxy voting and shareholder communications for 250+ tokenized stocks/ETFs, narrowing the rights gap versus traditional brokerage ownership and improving institutional-grade infrastructure. The move supports SEC-aligned custodial tokenized securities and may strengthen confidence in tokenized equities as the sector scales ($1.67B, ~181k holders). However, ONDO's muted reaction suggests the market is not yet pricing a clear link between infrastructure upgrades and token demand.
Impact level
● Medium
Affected assets
ONDO/USDT-0.96%
AI Insight · ONDO/USDTAI Insight
● Neutral
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Ondo Finance said it has integrated Broadridge’s proxy voting system for tokenized stocks and exchange-traded funds, covering more than 250 products including iShares Core S&P 500 and Micron Technology. Wallet-authenticated holders can vote and access issuer communications, regulatory filings and other shareholder documents. The move addresses a long-standing criticism that many on-chain equity products provide price exposure without governance rights. Tokenized stocks totaled $1.67 billion with nearly 181,000 holders, while ONDO traded at $0.3309 on muted reaction.
