Ondo adds shareholder voting to tokenized stocks, expanding governance
In brief
- Ondo and Broadridge enable proxy voting for 250+ tokenized securities via blockchain wallets
- Tokenized iShares S&P 500 ETF and Micron stock launch under SEC custodial framework
- Tokenized stocks market reaches $1.67B with 181,000 holders, 14x growth since May 2025
Governance on the blockchain
Ondo said the governance features will accompany the launch of its first US custodial tokenized securities, including tokenized versions of BlackRock's iShares Core S&P 500 ETF and Micron Technology stock. The assets are the first issued under the US Securities and Exchange Commission's third-party custodial framework for tokenized securities.
Governance rights have long been identified as a key limitation of blockchain-based securities. This partnership addresses that gap by letting tokenholders vote on corporate matters without leaving their wallets. The Web3 integration means users don't need separate accounts or traditional brokerages to exercise shareholder rights.
Market momentum accelerates
The tokenized stocks market has grown to $1.67 billion with nearly 181,000 unique holders, according to data published by Ondo on Wednesday. The sector has grown nearly 14-fold since May 2025. The market for tokenized real-world assets, including stocks, has surged nearly 600% over the past year, according to Binance data.
Tokenization has emerged as one of crypto's fastest-growing sectors in 2026, defying broader market weakness. Competition in the space is intensifying. Backed Finance, which issues tokenized stocks through its xStocks platform, has also expanded its footprint across multiple crypto exchanges and blockchain networks.
The addition of governance rights removes friction for institutional and retail holders alike. It's a signal that tokenized equities are maturing beyond simple price exposure into full-featured financial instruments with voting power and transparency.
