Ondo Finance Adds Proxy Voting for Tokenized Stockholders

The tokenization of real-world assets, or RWAs, is a major trend bridging traditional finance and Web3. Ondo Finance, a leading name in the sector, has long focused on tokenizing high-quality assets such as U.S. Treasuries. Because traditional securities trading depends heavily on central depositories, the ability to connect tokenized assets with established clearing systems while safeguarding legal rights has become a key dividing line for large institutional investors considering entry into the market.

Ondo Finance announced on July 15, 2026, the launch of what it called the first tokenized stocks backed by entitlements at the U.S. Depository Trust Company, initially supporting Circle shares and an S&P 500 ETF. The project connects the tokenized securities to the established depository system through U.S. broker Alpaca Markets. The compliance breakthrough sent the ONDO token up 17% within 24 hours.

Tokenized securities record interests in traditional assets on a blockchain. In January 2026, the U.S. Securities and Exchange Commission outlined a third-party custody model under which the underlying securities remain within the regulated custody chain. Ondo Finance's initiative brings a model commonly used offshore into the existing U.S. framework. Its overseas platform already holds more than $1 billion in assets spanning over 430 stocks and ETFs.

On July 2, 2026, Ondo Finance launched 1:1 tokenized interests in BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares on Ethereum. SEC-registered transfer agent Oasis Pro TA handles minting, while Broadridge provides voting, disclosures and shareholder communications. The products are not currently available to U.S. investors.

Ondo Finance, whose business centers on tokenized U.S. Treasuries, stocks and ETFs, is bringing traditional assets onto blockchain networks. The global tokenized-asset market has surpassed $30 billion, while Invesco manages about $2.5 trillion. Hiring an executive with expertise in ETFs and institutional distribution reflects a shift in competition from individual assets toward onchain investment portfolios.

Ondo Finance said on June 11, 2026, that it had appointed John Hoffman as managing director and head of portfolio solutions. He previously worked at Grayscale Investments and spent nearly 20 years at Invesco. Hoffman will develop baskets of tokenized assets and proprietary strategies. In less than eight months, Ondo’s tokenized-stock offering has expanded to 260 assets and surpassed $1 billion in total value locked.