Ondo Finance is enhancing its tokenized equities platform by enabling proxy voting for holders of its over $700 million in digital securities. This new feature, developed with Broadridge Financial Solutions, allows investors to review company filings and submit their voting preferences.
Investors can access these governance tools using their crypto wallets, bridging the gap between on-chain assets and traditional brokerage account features. Tokenized equities have seen significant growth, now exceeding $1.1 billion in locked value. Ondo is a leading issuer in this rapidly expanding sector, particularly for non-U.S. investors.
While Ondo's tokens do not confer direct shareholder rights, this proxy voting system allows investors to express their preferences, which Ondo can then apply to the underlying shares it holds. "You get all the benefits of being onchain - freely transferable, compatible with DeFi - and on top of that, you get the governance," stated Matthieu de Vergnes, Ondo's global head of institutional.