Ondo Finance has partnered with Broadridge Financial Solutions to provide voting tools to holders of token shares and ETFs.
summary
- Ondo holders can submit voting preferences across more than 250 tokenized stocks and ETFs.
- Broadridge will provide governance documents, filings, prospectuses and investor communications to token holders.
- Ondo is also seeking clarification from the SEC to register securities interests as Ethereum-based tokens.
the Merger Holders of more than 250 Ondo token assets will be allowed to submit voting preferences for the underlying securities.
Broadridge will provide access to investor communications, prospectuses, regulatory filings and other governance materials.
The company settles more than $15 trillion in securities daily and serves more than 10,000 public companies.
Voting preferences will reflect ownership of the token
Ondo said voting recommendations will be weighted based on each holder’s token ownership.
With Ondo Global Markets’ approval, Broadridge may aggregate token holders’ voting preferences with the votes of traditional market investors.
Meanwhile, the partnership comes under the name Ondo He asks The US Securities and Exchange Commission supports its model for registering securities interests as Ethereum tokens.
Ondo It says the tokens act as an operational overlay on existing broker-dealer custody, not as a change in investor protection.
“It’s about expanding what it means to hold token shares,” said Matthieu De Vergnes, global head of institutions at Ondo Finance.
“Today’s announcement represents a major milestone in the evolution of tokenized stocks and ETFs,” said Doug De Schutter, head of investor communications solutions at Broadridge.
