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Ondo Finance and Broadridge Unite to Bring Proxy Voting to Tokenized Stocks

🤖 GG AI Summary

Ondo Finance, which controls about 70% of the tokenized stock market with over $825M in value locked, has partnered with Broadridge to enable proxy voting for holders of more than 250 tokenized stocks and ETFs. This integration allows onchain investors to participate in corporate governance alongside traditional shareholders, enhancing the functionality and legitimacy of tokenized securities. The partnership leverages Broadridge’s extensive network and maintains blockchain benefits like 24/7 trading and free token transferability.

Sentiment: 85% Bullish

TLDR: Ondo Finance holds roughly 70% of the tokenized stock market share, with over $825M in total value locked. Holders of 250+ tokenized stocks and ETFs can now participate in proxy voting through Broadridge’s network. Voting recommendations are weighted proportionately based on each token holder’s onchain ownership stake. Ondo tokenized stocks are live on Solana, Ethereum, and BNB Chain, backed by Binance, MetaMask, and Ledger. Ondo Finance has announced a partnership with Broadridge to bring proxy voting to holders of tokenized stocks and ETFs. Through this integration, holders of over 250 tokenized products can now access corporate governance tools. Broadridge serves more than 10,000 public companies and connects issuers with investors globally. The collaboration adds a meaningful layer of functionality to Ondo’s growing platform for onchain securities. This development comes as tokenized asset markets continue to expand. Connecting Onchain Holders to Corporate Governance Ondo Finance will allow token holders to participate in proxy voting for underlying securities. Holders can also access prospectuses, regulatory filings, and issuer communications through Broadridge’s established infrastructure. Voting recommendations will be weighted proportionately based on each holder’s token ownership. This structure ensures governance participation reflects actual onchain holdings accurately. Broadridge will aggregate token holder preferences alongside votes from traditional market participants. This aggregation requires consent from Ondo Global Markets before any votes are consolidated. As a result, onchain investors gain access to governance tools previously available only to conventional shareholders. The integration also preserves blockchain benefits such as 24/7 trading and free token transferability. Ondo Finance announced the development through its official channels, writing: “Ondo is partnering with Broadridge to enable holders of tokenized stocks and ETFs to ...

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