Ondo Adds Proxy Voting to Tokenized Stocks via Broadridge
Ondo Finance partners with Broadridge to enable proxy voting for tokenized stock and ETF holders, addressing a governance gap. Tokenized stocks have surged to $1.15B, with Ondo commanding 70% market share, and the move could accelerate institutional adoption.
Quick Take
Ondo Finance and Broadridge enable onchain proxy voting for tokenized securities.
Tokenized stocks market hits $1.15B, up 25% in 30 days.
Ondo controls ~70% of tokenized stock market with >$700M TVL.
Franklin Templeton and Binance Alpha expand Ondo's distribution.
Market Impact Analysis
BullishEnhanced governance for tokenized stocks increases their utility and attractiveness, likely boosting demand for Ondo's products and the tokenized asset sector.
Speculation Analysis
Key Takeaways
- Ondo Finance partners with Broadridge to enable onchain proxy voting for tokenized stock and ETF holders.
- Tokenized stocks market surges to $1.15 billion in distributed value, gaining 25% in 30 days.
- Ondo controls roughly 70% of the tokenized stock market with over $700 million in total value locked.
- Expanded distribution through Franklin Templeton and Binance Alpha sharpens institutional appeal.
What Happened
Ondo Finance integrated Broadridge’s Web3 relay to bring proxy voting to holders of tokenized stocks and ETFs. Tokenholders now connect their crypto wallets to Broadridge’s ProxyVote platform, submit voting preferences, and Ondo casts the corresponding real share votes. The entire process is recorded onchain for transparency. This marks the first major governance feature for tokenized equities, closing a gap that kept institutional investors sidelined. The move turns digital token claims into functionally equivalent equity ownership, a step that could reshape the $1.15 billion tokenized stock market.
The Numbers
Tokenized stocks have exploded to $1.15 billion in distributed value, surging 25.46% over the past 30 days. Monthly transfer volume hit $2.27 billion across more than 217,000 holders, a 9.26% increase in holder count in just one month. Ondo dominates the space with over $700 million in TVL, commanding roughly 70% of the market. Top assets include tokenized Tesla, NVIDIA, and S&P 500 products. The integration with Broadridge adds a critical layer of utility to these rapidly scaling instruments.
Why It Happened
Tokenized securities have grown fast but lacked the governance rights that traditional stock owners take for granted. Proxy voting is a non-negotiable for institutions managing large portfolios, and its absence capped institutional adoption. Ondo’s partnership with Broadridge solves this, aligning tokenized equities with the expectations of regulated capital markets. With Franklin Templeton already distributing Ondo’s tokenized ETFs and Binance listing its assets on Binance Alpha, the governance upgrade removes a key friction for allocators eyeing onchain exposure.
Broader Impact
Onchain proxy voting could become a standard for tokenized real-world assets. As the sector matures, governance features will likely be table stakes, pushing competitors to follow suit. The SEC is reportedly considering exemptions for tokenized securities, and Ondo’s move may accelerate that timeline by demonstrating regulatory-aligned innovation. Institutional flows could swell, propelling the tokenized stock market beyond $2 billion in the near term.
What to Watch Next
- Institutional inflows: Look for a rise in Ondo’s TVL as governance features attract larger allocators.
- Regulatory clarity: SEC guidance on tokenized securities exemptions could unlock U.S. market access.
- Competitor moves: Other tokenization platforms will need to add proxy voting or risk losing market share.
This article is for informational purposes only and does not constitute financial advice.
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