Tokenized stocks have reached a distributed value of $1.15 billion, reflecting a notable increase of 25.46% within the last month. This growth highlights the expanding interest in on-chain securities, which now boast over 217,000 holders and a monthly transfer volume of $2.27 billion.
In a recent collaboration, Ondo Finance has partnered with financial technology leader Broadridge to enhance corporate governance for tokenized stockholders. This initiative allows these investors to engage in proxy voting through Broadridge's ProxyVote platform, connecting their crypto wallets to participate in the voting process.
Traditionally, proxy voting has been a feature of conventional equity ownership, but tokenized stocks have often missed this capability. With this new integration, token holders can confirm their holdings and submit voting preferences, ensuring that their voices are heard in corporate matters.
Ondo Finance, which dominates the tokenized stock market with around 70% share and over $700 million in total value locked, operates across multiple blockchain platforms, including Solana, Ethereum, and BNB Chain. Their offerings are backed by corresponding stocks and ETFs.