Ondo Finance is making two significant moves to deepen the integration of traditional equities with blockchain markets. On July 6, the company announced a partnership with Broadridge to bring shareholder voting and corporate communications to its tokenized stock offerings, while on July 7 it launched Ondo Perps, an on‑chain perpetual futures platform that gives eligible non‑U.S. traders up to 20x leverage on major U.S. stocks, ETFs, and commodities.
The governance upgrade means holders of Ondo’s first custodial tokenized U.S. securities — BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) — can now link their blockchain wallets to Broadridge’s ProxyVote platform, submit votes, and receive official company disclosures just as they would through a traditional brokerage. The underlying shares remain inside the conventional U.S. custody and clearing system, held by regulated institutions and reflected through DTCC infrastructure, while Ethereum‑based entitlement tokens are issued 1:1 by SEC‑registered transfer agent Oasis Pro Transfer Agent. Ondo already controls roughly half of the estimated $1.6–$2 billion tokenized equity market and has over $1 billion in total value locked on its Global Markets platform.
Ondo Perps marks the company’s expansion into derivatives. The platform offers 24/7 trading on assets like Apple, Nvidia, Tesla, Google, and the QQQ ETF, as well as gold and silver. A key differentiator is the collateral model: traders can use tokenized real‑world assets — including Ondo’s own equity tokens — as margin, and cross‑margining across positions is supported. The launch puts Ondo into direct competition with the perpetual futures services already offered by Kraken (which launched its regulated product in February) and Coinbase (which entered in March), though Ondo emphasizes its capital‑efficient design and the ability to use tokenized securities as collateral rather than relying solely on crypto.
Both initiatives signal a maturing on‑chain finance landscape where investor rights and derivative trading tools are moving closer to traditional market standards, while operating entirely on blockchain rails. Early trading metrics like volume and open interest will soon show whether Ondo can build sufficient liquidity to challenge the larger centralized exchanges.
