Ondo and Broadridge add ProxyVote access for tokenized stocks via crypto wallets
Tokenholders submit voting preferences, while Ondo’s issuer casts the underlying share votes and logs the workflow onchain.
Ondo Finance and Broadridge have wired tokenized stocks and ETFs into Broadridge’s ProxyVote system through a Web3 relay that starts in a crypto wallet. The structure keeps voting execution with the issuer that holds the real shares, while recording the end-to-end process onchain for transparency.
Key Takeaways
- Proxy voting for tokenized stocks and ETFs is now supported through a crypto wallet connection into Broadridge’s ProxyVote platform.
- Tokenholders submit voting preferences, then Ondo’s issuer votes the corresponding underlying shares and records the workflow onchain.
- Tokenized stocks were cited at $1.15 billion in distributed value, with $2.27 billion in monthly transfer volume and more than 217,000 holders.
- Ondo reported over $700 million in TVL and claimed roughly 70% of the tokenized stock market across Solana, Ethereum, and BNB Chain.
Ondo and Broadridge Plug Tokenized Equities Into ProxyVote via Crypto Wallets
Ondo Finance partnered with Broadridge to enable proxy voting for tokenized stocks and ETFs through Broadridge’s ProxyVote platform, using a Web3-enabled relay that connects tokenholders’ crypto wallets to ProxyVote.
The practical change is governance access. Proxy voting is a standard feature in traditional equity ownership, but tokenized stock products have largely shipped without a comparable path for holders to express voting preferences on corporate actions.
Matthieu de Vergnes, global head of institutional at Ondo Finance, framed the integration as adding governance without giving up the wallet-native experience: “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.”
How the Relay Works: Wallet Verification, Vote Submission, Issuer Execution, Onchain Record
The relay is designed to translate onchain intent into an offchain voting rail that issuers and corporate governance workflows already recognize. The flow described is: tokenholders connect a crypto wallet, confirm holdings, submit voting preferences inside ProxyVote, and then Ondo’s issuer votes the real underlying shares accordingly.
That issuer-mediated step is the detail traders should not hand-wave away. Governance rights here are operationalized through the entity holding the underlying shares, not directly by the token itself. That clarifies where control sits and where execution risk lives: the tokenholder expresses preference, but the issuer is the actor that must deliver the vote.
Broadridge and Ondo also said the end-to-end process is recorded onchain for transparency. The announcement did not specify what data is written, on which chain or chains, or whether vote preferences are publicly linkable to wallets.
Tokenized Stocks Are Growing: $1.15B Value, $2.27B Monthly Transfers, 217K+ Holders
Governance functionality is arriving as tokenized equities show measurable growth in both value and activity. Tokenized stocks were cited at $1.15 billion in distributed value, up 25.46% over the past 30 days, with $2.27 billion in monthly transfer volume and over 217,000 holders, up 9.26% over the last month, per RWA.xyz.
The market’s prominent assets by value were described as including Tesla, NVIDIA, and S&P 500-linked products, alongside Circle Internet and Strategy-linked tokens.
Ondo positioned itself as a major distribution layer in that category, claiming roughly 70% of the tokenized stock market with over $700 million in total value locked. Ondo said its products are offered across Solana, Ethereum, and BNB Chain, and that the tokens are backed by the corresponding stocks or ETFs. The methodology and reference date for the market-share claim were not provided.
Launch Scope Questions Traders Will Press For Next
The first gating item is scope. A published list of which tokenized stocks and ETFs are eligible for proxy voting at launch would determine whether this is a broad product upgrade or a narrow feature for a subset of tokens. Traders will also want to know if eligibility differs across Solana, Ethereum, and BNB Chain.
Record-date handling is the next pressure point. The relay describes wallet verification and holdings confirmation, but it does not detail how holdings are verified for ProxyVote purposes, how record dates are handled, or whether there are jurisdiction or venue restrictions that could fragment access.
The onchain “transparency” claim needs specifics to be auditably meaningful. What fields are written onchain, which chain or chains are used, and whether vote preferences are public or privacy-preserving will shape whether this becomes a compliance-friendly audit trail or a marketing label.
Follow-on distribution confirmations also matter. Ondo has pointed to multi-chain availability, and recent distribution signals include a Franklin Templeton partnership to bring tokenized versions of Franklin’s ETFs onchain (five funds spanning US equities, fixed income, and gold, available across Europe, Asia-Pacific, the Middle East and Latin America, with US access pending regulatory clarity) and Binance listing 10 tokenized assets from Ondo Global Markets on Binance Alpha.
Governance Rails as a Legitimacy Catalyst for Onchain Equities
I treat this as a real product gap getting closed, not a cosmetic integration. Proxy voting is one of the few “boring” equity features that actually matters for legitimacy, and routing wallet-native intent into ProxyVote is a credible way to meet TradFi where it already operates.
The threshold that matters is rollout breadth and verifiability. If eligibility expands across Ondo’s token set and the onchain record is specific enough to audit without doxxing voters, the setup starts to look structural rather than narrative-driven, and it makes tokenized equities easier to underwrite as a serious market segment.
