Ondo Finance Empowers RWAs with Proxy Voting
Tokenized stocks and ETFs are listed on Ondos Global Markets platform. Tokenized stocks have become one of the fastest-growing areas in the crypto sector; according to RWA.xyz data, the category has tripled in value over the past year to reach $1.1 billion. Ondo is the largest issuer in this space and hosts over $700 million in stock and ETF tokens on its platform. While the new system does not grant direct shareholder rights to tokenized token holders, it offers them the opportunity to reflect their preferences through Ondo‘s holdings. The ONDO price is currently at $0.26, with a 24-hour change of +0.91% showing a slight uptick. RSI at 52.98 is neutral, the trend is sideways but Supertrend is giving a bearish signal. Ondo’s global head of institutional business, Matthieu de Vergnes, emphasized to CoinDesk that this is at the heart of the companys vision to make traditional assets accessible on-chain. Broadridge aims to bring the massive proxy voting volume from traditional markets to blockchain, enabling the management of digital and conventional assets in the same workflow. Critical Support and Resistance Levels for ONDOSupport S1: $0.2635 (Score: 83/100 ⭐ STRONG, -0.49% distance)Support S2: $0.2555 (Score: 74/100 ⭐ STRONG, -3.51% distance)Resistance R1: $0.2663 (Score: