Overview
- A partnership announced Tuesday between Ondo Finance and Broadridge lets holders of Ondo’s tokenized stocks and ETFs use ProxyVote with a crypto wallet login.
- Investors can use the tool to read prospectuses and regulatory filings and to submit voting preferences for more than 250 tokenized securities.
- The tokens are backed by underlying shares but do not grant direct shareholder rights, so votes function as preferences that the issuer may apply when it votes the shares it holds.
- Ondo Global Markets says the service targets non-U.S. clients, and the offering is not available in the United States due to jurisdictional limits.
- Ondo reports over $700 million locked across its tokenized equities, while RWA.xyz estimates the broader tokenized-equities market at about $1.1 billion after tripling in the past year.