Ondo Finance and Broadridge Bring Proxy Voting to 250 Tokenized Stocks and ETFs.

Ondo Finance and Broadridge Financial Solutions announced on April 28, 2026 that holders of more than 250 tokenized stocks and ETFs can now participate in proxy voting through their blockchain wallets. The partnership integrates Broadridge’s ProxyVote platform with Ondo’s tokenized equity infrastructure, allowing on-chain investors to receive proxy materials, confirm holdings, and submit votes with a transparent and verifiable record. It is the first time shareholder governance rights have been extended to on-chain tokenized security holders at this scale, covering a market that Ondo dominates with approximately 70 percent market share and over $700 million in total value locked.

Key Highlights

• Ondo Finance and Broadridge launched on-chain proxy voting for more than 250 tokenized stocks and ETFs on April 28, 2026
• Holders authenticate with their blockchain wallets through Broadridge’s ProxyVote platform to access governance rights
• Ondo is the largest tokenized equity platform globally, holding approximately 70 percent market share and over $700 million in total value locked
• Broadridge tokenizes more than $8 trillion in assets per month and processes proxy voting for public companies globally
• The capability is available to institutional investors, broker-dealers, wealth managers, and retail users within Broadridge’s existing platforms
• Votes are recorded on-chain, providing a transparent and verifiable record that traditional paper or electronic proxy systems do not match
• Broadridge’s Web3 authentication integration is designed to work within existing securities compliance frameworks

Why Proxy Voting Has Been Missing From Tokenized Equities

When you buy a tokenized stock, you receive a blockchain-based token that tracks the economic value of the underlying share. The price moves with the equity. You can trade it around the clock. You can use it as collateral in DeFi protocols. What you have not been able to do, until now, is vote on corporate matters as a shareholder.

That gap mattered more than it appeared. Proxy voting is not an obscure technicality for retail investors. For institutional holders, it is a core fiduciary responsibility. Pension funds, asset managers, and fund administrators are legally required to vote proxies on behalf of their beneficiaries. Without proxy voting capability, those institutions could not use tokenized equities for any holdings where fiduciary duty required governance participation. That ruled out a significant portion of institutional capital from the tokenized equity market.

Broadridge’s existing ProxyVote infrastructure is the backbone of corporate proxy voting in the United States and many international markets. The company manages proxy distribution for public companies, collects votes, and certifies results. Integrating blockchain wallet authentication into that existing infrastructure preserves all the regulatory compliance and audit trail requirements that institutional proxy processes must meet, while extending the same functionality to on-chain holders.

How the Wallet Authentication Works

The technical integration is cleaner than it sounds. Investors holding Ondo’s tokenized stocks connect their blockchain wallet to Broadridge’s ProxyVote portal. The portal verifies the wallet’s balance of the relevant tokenized security and generates a proxy entitlement based on the confirmed holdings. The investor then votes through the familiar ProxyVote interface, with their vote recorded both in Broadridge’s traditional system and on-chain.

The dual recording is important for regulatory reasons. On-chain records are transparent and immutable, but securities regulation requires proxy votes to be processed through established record-keeping systems. Broadridge’s integration threads that needle by maintaining compliance with securities rules while adding blockchain verifiability on top of the existing record.

The Web3 authentication layer Broadridge built allows investors to sign in through their wallets without exposing private keys or seed phrases to the ProxyVote system. Authentication uses cryptographic signature verification, meaning the wallet proves ownership without sharing the actual key. That security architecture is consistent with self-custody principles. In a threat environment where state-sponsored hackers target crypto infrastructure, not requiring users to input sensitive wallet credentials into a third-party portal is a meaningful security feature.

What Broadridges Scale Means

Broadridge tokenizing more than $8 trillion in assets per month puts the Ondo partnership in context. This is not a startup experimenting with a small proof of concept. Broadridge is one of the largest financial infrastructure companies in the world, processing proxy voting, dividend distribution, and corporate actions for thousands of public companies and their institutional shareholders.

When Broadridge adds a capability to its platform, it becomes available to the full range of its clients without those clients needing to build new infrastructure. Broker-dealers, wealth managers, and institutional investors already on Broadridge’s platform can access on-chain proxy voting for Ondo’s tokenized stocks without adopting new technology stacks. The distribution is immediate to Broadridge’s existing client base, which is a substantial fraction of the US institutional investment ecosystem.

That distribution advantage is qualitatively different from what crypto-native platforms offer when they add new features. Similar to Visa building stablecoin settlement into its existing network, Broadridge is embedding blockchain functionality into an infrastructure layer that traditional finance already depends on, rather than asking traditional finance to adopt a new platform.

The Governance Infrastructure Gap This Fills

Tokenization of real-world assets has been one of the dominant institutional narratives of 2025 and 2026. BlackRock, Franklin Templeton, and State Street have all launched on-chain representations of treasuries and money market funds. Ondo’s tokenized equities represent the next category: common stocks and ETFs with full equity upside and now full governance rights.

The absence of proxy voting had been cited by institutional allocators as a primary barrier to treating tokenized equities as equivalents to traditional shares. With that barrier removed, the risk-adjusted case for holding a portion of an equity allocation in tokenized form becomes substantially stronger for institutions with blockchain custody infrastructure already in place.

The total tokenized asset market is estimated at approximately $15 billion as of April 2026, with Ondo’s $700 million representing roughly 5 percent of that total. The proxy voting integration removes a governance liability that had capped institutional adoption, suggesting the addressable market for Ondo’s product line is notably larger than current total value locked indicates.

What Changes for Retail Holders

The proxy voting capability is also available to retail users of Ondo’s tokenized securities, not just institutions. For the retail holder, this means owning a tokenized Apple or Amazon share, for example, now carries the same shareholder voice as owning the traditional equity. Annual meeting proposals, director elections, and shareholder resolutions are now within reach through the same blockchain wallet used to hold the token.

Whether retail holders will exercise those governance rights at meaningful rates remains an open question. Retail participation in traditional proxy voting has historically been low, with most retail shares voted through default mechanisms that often defer to management recommendations. The on-chain version of this dynamic may follow a similar pattern, with the primary governance impact coming from institutional holders who have fiduciary obligations to vote.

The more interesting retail implication is psychological. Owning a tokenized stock that confers actual shareholder rights, including voting, is qualitatively different from owning a contract for price exposure. The question of what institutional adoption of Bitcoin-adjacent assets means for individual ownership is a parallel conversation to whether tokenized equity holders will exercise their newly granted governance rights.

The TCB View

The Ondo and Broadridge proxy voting integration is the most significant structural advancement in tokenized equity markets since the launch of regulated tokenized stock products. Proxy voting was not a cosmetic feature request. It was a genuine fiduciary barrier preventing institutional capital from treating tokenized equities as true equity equivalents. Removing that barrier does not guarantee institutional capital will flood in, because other factors, including custody frameworks, tax treatment, and regulatory classification, still create friction. But it removes the clearest and most principled objection institutional investors had to tokenized equity adoption. The Broadridge distribution advantage is the underappreciated part of this story. The capability is not being offered through a crypto-native platform that institutions need to evaluate and onboard. It is being embedded into infrastructure that much of the institutional investment world already uses for traditional proxy voting. That distribution shortcut could accelerate adoption timelines considerably compared to what a crypto-native launch would achieve. The $700 million in current total value locked is the starting point, not the ceiling, if the governance gap is genuinely resolved at institutional scale. Watch the total value locked number over the next two quarters.