Ondo Finance Launches Proxy Voting Functionality for Holders of Over 250 Tokenized Securities

According to CoinDesk, Ondo Finance has partnered with Broadridge to introduce proxy voting functionality for holders of over 250 tokenized securities on its platform. Users can log in to Broadridge’s ProxyVote system via their crypto wallets to review corporate documents and submit voting preferences. The total market value of stocks and ETF tokens currently issued on its Global Markets platform exceeds $700 million. Ondo stated that while these tokens do not directly confer shareholder rights, the platform can consider investors’ voting preferences when exercising voting rights on the underlying shares it holds.