Ondo Finance Enables Shareholder Voting for Tokenized Stocks

Through a new partnership with proxy services giant Broadridge Financial Services, digital asset issuer Ondo Finance is giving its token holders a way to weigh in on corporate governance matters related to their tokenized equities.

What's the Scoop?

• Onchain Governance: Ondo Finance has partnered with Broadridge, enabling holders of tokenized stocks and ETFs to submit voting preferences tied to their underlying equity exposure. The integration applies to more than 250 tokenized stocks and ETFs on Ondo and will allow token holders to use their crypto wallets to review company filings and submit voting preferences via Broadridge’s "ProxyVote" system.
• Signal Only: Recommendations are intended to be weighted proportionately based on token ownership, however, there are no guarantees that token holder opinions directly determine how the underlying shares are voted. Instead, token holder opinions tell Ondo how they’d like the shares to be voted, and Ondo (as the legal owner) decides how to use that input. As disclaimed by Ondo's press release, "The voting capabilities of tokenholders referenced herein are rights to express preferences to the issuer of Ondo GM Tokens regarding voting of the shares that the issuer beneficially owns."