Ondo Finance has added shareholder voting rights to tokenised stocks and exchange-traded funds (ETFs).

Cointelegraph reported on July 2 that Ondo is working with financial infrastructure company Broadridge to provide more than 250 holders of tokenised securities with access to proxy voting, corporate disclosures and other shareholder documents.

The move aims to address a gap in shareholder rights that has been cited as a limitation in blockchain-based securities.

Tokenised assets offer fast settlement and 24-hour trading, but it has been unclear whether they also provide the governance rights that come with directly holding shares in traditional markets.

Broadridge applied web3 functions to its investor communications platform. Investors can verify their identity through a blockchain wallet and use governance services that were provided to shareholders in traditional financial markets.

The feature will be applied alongside Ondo’s first U.S. custodial tokenised securities launch. The assets include a tokenised version of BlackRock iShares Core S&P 500 ETF IVV and Micron Technology MU. Ondo said these assets are the first examples issued under the U.S. Securities and Exchange Commission’s third-party custody framework for tokenised securities.