Broadridge and Ondo Finance collaborate to open tokenized stocks and ETFs to proxy voting capabilities.
Post-trade systems and services provider Broadridge Financial Solutions is partnering with Ondo Finance, a blockchain-native company that can tokenize real-world assets, to unlock proxy voting capabilities for “holders of third-party tokenized stocks and ETFs,” officials say.
“Through this integration with a new Web3-enabled solution developed by Broadridge, holders of more than 250 Ondo tokenized stocks and ETFs will also be able to review prospectuses, regulatory filings, and other governance information for underlying securities,” officials say. The integration effort leverages Broadridge’s investor communications and proxy infrastructure.
The new capability “enables public companies and funds, broker-dealers and wealth managers, and retail and institutional investors to access proxy voting and manage corporate actions and disclosures across both traditional and tokenized securities within their existing platforms and workflows,” officials say. “Broadridge has integrated Web 3 authentication capabilities into its ProxyVote platform to allow investors to sign in through their wallets and take action.”
The partnership “is bringing one of the most important pillars of traditional market infrastructure on-chain,” officials say. “The partnership reflects Ondo’s core design goal: tokenized stocks should mirror the standards of traditional markets to the fullest possible extent, while also adding unique accessibility benefits.”
“By introducing proxy voting capabilities to blockchain-based securities, Ondo and Broadridge are helping define the next generation of market infrastructure — one that bridges the investor protections of traditional finance with the programmability and global accessibility of public blockchains,” says Doug DeSchutter, president, investor communication solutions at Broadridge, in a prepared statement.
“By working with Broadridge, we are enabling holders of our on-chain tokenized stocks to access governance and voting capabilities, with all the additional benefits on-chain tokens provide,” says Matthieu de Vergnes, managing director, global head of institutional at Ondo Finance, in a prepared statement. “”Ensuring that our clients can participate in corporate governance is another step forward in our goal of bringing institutional-quality financial products on-chain.”
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