Broadridge to Provide Governance for First U.S. Custodial Tokenized Securities
BR is trading near its 52-week low of $133.831 (4.0% above the low).
Summary
Broadridge Financial Solutions is partnering with Ondo Finance to provide governance for the first custodial tokenized U.S. securities. This collaboration enables proxy voting and regulatory disclosures for tokenized BlackRock IVV ETF and Micron shares, ensuring they operate within existing U.S. regulatory frameworks. This move strategically positions Broadridge as a key infrastructure provider in the nascent but growing tokenized securities market, extending its core investor communication services into digital assets.
At the time of this announcement, BR was trading at $139.12 on NYSE in the Finance sector, with a market capitalization of approximately $16.3B. The 52-week trading range was $133.83 to $271.91. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.