Author: rb809rb

  • A First in Japan! Bitcoin Exchange Launches Credit Card! Here Are the Details

    A First in Japan! Bitcoin Exchange Launches Credit Card! Here Are the Details

    Bitbank, a Japan-based cryptocurrency exchange, has launched a new credit card service that allows users to pay for their purchases directly with crypto assets. According to the company, the Visa card, called “EPOS Crypto Card for Bitbank,” is the first of its kind in the country.

    The new product was developed in collaboration with EPOS Card. This system allows users to automatically pay for their credit card purchases with crypto assets held in their exchange accounts. Initially, this feature will be limited to Bitcoin. However, the company stated that it is considering integrating more crypto assets into the system in the future.

    Another important feature offered by the card is the “crypto cashback” system. Users can earn rewards equivalent to 0.5% of their monthly spending. These rewards can be in the form of various digital assets such as Bitcoin, Ethereum, or Aster, and will be transferred directly to their Bitbank accounts.

    This development is seen as a significant step towards expanding the use of crypto assets in daily financial transactions. In markets with advanced crypto regulations, such as Japan, the adoption of such products could contribute to the growth of the sector.

    On the other hand, Binance had previously made a similar move. In January, the company launched its “Binance Japan Card” in Japan, offering users the opportunity to earn BNB from their spending. These developments demonstrate the rapid spread of crypto-backed payment solutions on a global scale.

    *This is not investment advice.

  • Trump reviews Iranian proposal aimed at reopening Strait of Hormuz

    Trump reviews Iranian proposal aimed at reopening Strait of Hormuz

    The White House confirms Trump met his national security advisers on Monday to discuss the plan.

    United States President Donald Trump’s national security team is reviewing an Iranian proposal aimed at halting its joint war with Israel, reopening the Strait of Hormuz and delaying negotiations over Tehran’s nuclear programme until after the war ends.

    The White House confirmed Trump met his national security advisers on Monday to discuss the plan, while US media reports said he was dissatisfied with the proposal because it postpones talks on Iran’s nuclear activities.

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    The Reuters news agency, citing an official briefed on the meeting, said Trump wants the nuclear issue addressed at the start of any negotiations. CNN, citing two sources familiar with the matter, said Trump was unlikely to accept the proposal, reporting that lifting the US blockade of Iranian ports without resolving concerns over Tehran’s nuclear programme would weaken Washington’s leverage.

    The proposal comes amid uncertainty surrounding shipping through the Strait of Hormuz. Iranian President Masoud Pezeshkian has said Tehran will not enter negotiations while the US maintains restrictions on Iranian ports. Washington and Tehran agreed to a temporary ceasefire on April 8 after more than a month of fighting that began with joint US and Israeli strikes on Iran.

    The truce, mediated by Pakistan, has since come under strain because of disputes over maritime access through the Strait of Hormuz and US measures targeting Iranian ports. A parallel conflict involving Israel and Lebanon has also added to regional tensions.

    Iran signals openness to diplomacy

    Iranian Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in St Petersburg on Monday and said Tehran was considering a US request to restart negotiations.

    Araghchi said he welcomed engagement with Russia at the “highest level” at a time of regional instability.

    “Recent events have evidenced the depth and strength of our strategic partnership,” Araghchi wrote on X. “As our relationship continues to grow, we are grateful for solidarity and welcome Russia’s support for diplomacy.”

    Reporting from Tehran, Al Jazeera’s Almigdad Alruhaid said Araghchi was expected to return to Iran after meetings with regional partners.

    “He had travelled to Pakistan, Oman and Russia. We know there’s a strategic partnership between Iran and these countries. We know Oman is Iran’s traditional mediator,” Alruhaid said.

    “But the Iranians are trying to say that they are open to diplomacy. They are sending messages. They are not closing any channels and not closing any doors for diplomacy.”

    Calls to reopen Strait of Hormuz

    Dozens of countries have called for the “urgent and unimpeded reopening” of the Strait of Hormuz, while United Nations chief Antonio Guterres warned the standoff could trigger a global food emergency.

    Reporting from the UN, New York, Al Jazeera’s Kristen Saloomey said diplomats repeatedly appealed for de-escalation during a Security Council meeting.

    She said speakers highlighted the disruption caused by thousands of stranded cargo vessels and tens of thousands of maritime workers unable to move through the waterway.

    Guterres also warned that shipping disruptions were hitting vulnerable countries hardest, with about 20 percent of global oil and natural gas supplies passing through the strait.

    Bahrain, which requested the meeting with support from dozens of countries affected by higher fuel prices, described the closure as a violation of international law and called for attacks on ships to end.

    “No action was taken by the Security Council … A past resolution that called for reopening the strait was blocked by China and Russia, with Moscow blaming the US and Israel for their ‘unprovoked attack’ on Iran as the source of the problem,” Saloomey added.

  • ‘Should be fired’: Why the Trumps want Jimmy Kimmel sacked

    ‘Should be fired’: Why the Trumps want Jimmy Kimmel sacked

    A political and media dispute has erupted involving United States President Donald Trump, First Lady Melania Trump and late-night television host Jimmy Kimmel.

    Melania publicly criticised Kimmel on Monday and urged the TV network ABC to take action against him. The president has gone further, calling for Kimmel to be removed from his role altogether.

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    The controversy centres on remarks Kimmel made during a comedy monologue on Thursday in which he said Melania had “a glow like an expectant widow”, with Trump describing the comments as “a despicable call to violence”.

    Here is what you need to know about the controversy:

    What did Kimmel say?

    The dispute began after Kimmel made a joke about the first lady during a segment tied to the White House correspondents’ dinner on Saturday.

    At an “alternative” White House correspondents’ dinner on his show, Kimmel said: “Our first lady, Melania, is here. Look at Melania, so beautiful. Mrs Trump, you have a glow like an expectant widow.”

    Kimmel also mocked the first lady’s documentary, Melania, which faltered at the box office and was not well-received by critics.

    “I want to congratulate you, Madam First Lady, on your huge accomplishment – the world’s first motionless picture,” Kimmel said.

    The controversy comes on the back of a shooting that happened late on Saturday when an armed man tried to enter the hall where Trump, the first lady and other members of the White House were in attendance, alongside hundreds of journalists.

    Following the incident, the video of Kimmel poking fun at Melania caused outrage from some members of the president’s Republican Party.

    How did the Trumps react?

    While the joke played on the perception that the first lady often appears unhappy in public, Trump’s supporters linked the line to the shooting.

    “People like Kimmel shouldn’t have the opportunity to enter our homes each evening to spread hate. A coward, Kimmel hides behind ABC because he knows the network will keep running cover to protect him,” Melania wrote on X.

    “Enough is enough. It is time for ABC to take a stand. How many times will ABC’s leadership enable Kimmel’s atrocious behaviour at the expense of our community?”

    Her husband did not hold back either in his criticism of the late-night comedian. He went further, calling for his dismissal.

    “I appreciate that so many people are incensed by Kimmel’s despicable call to violence, and normally would not be responsive to anything that he said but, this is something far beyond the pale,” the president said on his Truth Social platform.

    “Jimmy Kimmel should be immediately fired” by ABC and its parent Walt Disney Co, he added.

    The White House also chimed in on the controversy. “Who, in their right mind, says a wife would be glowing over the potential murder of her beloved husband?” spokeswoman Karoline Leavitt said to reporters.

    Kimmel responded, saying his remarks had been misconstrued and were not a “call to assassination”. “It was a very light roast joke about the fact that he’s almost 80 and she’s younger than I am,” he said.

    Have they had past troubles with Kimmel?

    Yes, the current controversy is part of a longer pattern of tension between Kimmel and the Trumps.

    The president and the late-night host have had a strained relationship for years, largely due to Kimmel’s frequent criticism and mockery of Trump on his show.

    Trump has often accused comedians and journalists of bias, and Kimmel has been among those singled out in the past.

    Last year, ABC suspended Kimmel after the Trump administration threatened to take action against the network over commentary by the comedian suggesting that the killer of right-wing activist Charlie Kirk may have been a Republican.

    “We can do this the easy way or the hard way,” Brendan Carr, head of the US Federal Communications Commission (FCC), said at the time.

    “These companies can find ways to change conduct to take action on Kimmel or, you know, there’s going to be additional work for the FCC ahead,” he said.

    After a backlash from free speech advocates, ABC reinstated Kimmel less than a week later.

    In an interview on Sunday, Trump reacted angrily when Norah O’Donnell of CBS News read from the manifesto of the Saturday attack’s suspect, Cole Thomas Allen, during a 60 Minutes interview.

    When O’Donnell quoted the attacker’s claims, Trump interrupted and criticised her for airing the remarks.

    “You’re a disgrace,” he lashed out at O’Donnell. “I’m not a paedophile. You read that crap from some sick person … You shouldn’t be reading that on 60 Minutes.”

    CBS is owned by Paramount Skydance, whose chairman and CEO David Ellison is the son of Oracle founder Larry Ellison, a close Trump ally.

    In July 2025, the network paid $16m to settle a lawsuit brought by Trump, who alleged that 60 Minutes had edited an interview with then-Vice President Kamala Harris in a way that favoured his Democratic presidential rival in the 2024 election.

    It has also appointed Kenneth Weinstein, a former Trump administration official, as ombudsman to examine claims of political bias.

    In December, Ellison visited the White House, according to media reports, and told Trump that Paramount would carry out “sweeping changes” if it succeeded in buying the parent company of CNN.

    Paramount Skydance is also locked in an intense battle with streaming giant Netflix to acquire Warner Bros, a move many in the industry see as part of Ellison’s bid to reshape the US media landscape.

  • Bitmine’s ether buys are catching up to Strategy’s bitcoin accumulation pace

    Bitmine’s ether buys are catching up to Strategy’s bitcoin accumulation pace

    A second corporate accumulator of cryptocurrency is starting to look a lot like the first.

    Bitmine Immersion Technologies (BMNR), the treasury firm chaired by Fundstrat’s Tom Lee, bought 101,901 ether ($ETH) worth roughly $234 million last week. That’s close to the regular weekly purchases from Strategy (MSTR), the Michael Saylor-led bitcoin digital treasury company, as well-followed crypto trader Luke Martin flagged on X.

    Strategy’s normal weekly buys are around $200 million to $300 million, once large purchases fueled by at-the-market sales of its perpetual preferred stock STRC are stripped out. The STRC spikes — the massive bursts that show up in mid-January, late February, late March and, most recently, April 21 at $2.54 billion — are the outliers, not the baseline.

    Bitmine’s purchase was its largest weekly accumulation of 2026, capping a four-month streak of escalating buys that started at roughly $76 million per week in early January. It now holds more than 5 million tokens, or about 4.21% of the second-largest cryptocurrency’s circulating supply.

    Such a structural development matters because BitMine is now the only major corporate crypto buyer keeping pace alongside Strategy.

    Most digital asset treasury companies paused or slowed accumulation through the February price drop that took bitcoin to the mid-$60,000s and ether below $1,900. Strategy itself ended a 13-week bitcoin buying streak in late March before restarting in April.

    Lee’s framing for the buying pace is that $ETH is in the late stages of a “mini-crypto winter” and that a bottom is forming in equity markets. Bitmine pivoted to its current strategy in June 2025 and reached the 5 million $ETH milestone in roughly 10 months.

    The firm has staked about 73% of those tokens, generating roughly $264 million in annualized revenue from yield. Total crypto and cash holdings sat at $13.3 billion as of early April.

    The two firms share a playbook of capital markets activity — Strategy through preferred stock and convertible debt, Bitmine through equity issuance — to purchase crypto assets.

    Under pressure

    BitMine’s strategy was put under pressure in February and early March, when it was sitting on nearly $8 billion in unrealized losses against $16 billion in total purchases.

    The firm kept buying. Two months later, ether is up 22% from its February lows, and Bitmine’s accumulation pace has not just held, it’s accelerated.

    Strategy’s April 21 purchase of $2.54 billion remains the largest single corporate crypto buy of the year. But Bitmine’s $234 million last week is the first time the structural baselines have come within striking distance of each other.

    If the pattern holds for another month, ether will have something it has never had before: a Strategy-equivalent corporate buyer absorbing supply each week regardless of price.

  • YouTube is testing an AI search mode that ‘feels more like a conversation’

    Google is determined to impose AI search onto as many of its products as possible, and the latest, er, victim is YouTube. A new feature called “Ask YouTube” will let you pose complex questions and receive “comprehensive results that include video and text, then ask follow ups to dive deeper,” Google explained on its YouTube Labs page. The experimental feature is available starting today until June 8 for Premium US subscribers 18 and older.

    To use it, first, enable the feature in your account. Then, click on the new “Ask YouTube” button in the search bar and you’ll see prompt suggestions, or you can enter your own, like “plan a 3-day road trip between San Francisco and Santa Barbara.” After getting the results, you can try follow-up questions or choose from suggested prompts to explore in more detail.

    As shown in The Verge‘s quick test, the prompt “short history of Apollo 11 moon landing” brought up a summary of the mission, along with videos and time stamps for relevant information. Follow-up questions yielded similar results, but some queries just showed a list of videos like you’d see in a classic YouTube search. As happens with AI, one of the searches (around a Steam Controller) yielded factually inaccurate information, according to The Verge‘s Jay Peters.

    Tech companies love AI a lot more than the public, and YouTube users are particularly passionate about hating AI-generated slop. YouTube’s AI search function may fare better with subscribers, but only if it helps them find quality content more quickly.

  • Bitcoin Exchange Binance Announces It Has Delisted Numerous Altcoin Pairs on Its Futures Trading Platform! Here Are the Details

    Bitcoin Exchange Binance Announces It Has Delisted Numerous Altcoin Pairs on Its Futures Trading Platform! Here Are the Details

    Cryptocurrency exchange Binance has released a significant update regarding margin trading, announcing that it will be removing certain trading pairs from its platform. According to the announcement, as of May 1, 2026, at 09:00, certain pairs will be delisted from both cross and isolated margin trading.

    The trading pairs to be delisted include TRX/$ETH, LINK/$ETH, WLD/$BTC, HBAR/$BTC, and DOT/$BTC. These pairs will be removed from trading in both cross-margin and isolated margin categories. The assets in question include leading crypto projects such as TRON, Chainlink, Worldcoin, Hedera, and Polkadot.

    Binance emphasized that users should exercise caution during this process. Borrowing operations in isolated margin accounts will be suspended as of April 29, 2026. Upon reaching the delist date, users’ open positions will be automatically closed, all pending orders will be canceled, and automatic settlement will be performed by the system.

    It was also stated that users would not be able to update their positions for approximately three hours during the delisting process. Therefore, investors were advised to close their positions in advance or transfer their assets from margin accounts to spot accounts to prevent potential losses. Binance also explicitly stated that it would not be responsible for any potential losses that may occur during this process.

    On the other hand, it was announced that trading of the relevant assets will continue on Binance in different trading pairs.

    *This is not investment advice.

  • BitMEX Founder Arthur Hayes Reveals New Bitcoin Price Prediction! Here Are the Details

    BitMEX Founder Arthur Hayes Reveals New Bitcoin Price Prediction! Here Are the Details

    Arthur Hayes, a leading figure in the cryptocurrency market, has made a remarkable bullish prediction for Bitcoin. Speaking at the Bitcoin 2026 Conference, Hayes argued that based on current market dynamics, the price of Bitcoin could rise to $125,000.

    According to Hayes, the recent pullback in Bitcoin from its peak is due to job losses among knowledge workers and the resulting credit crunch caused by the widespread adoption of artificial intelligence technologies.

    However, Hayes noted that the market focus shifted with the start of US-Iran tensions in February, stating that investors are now pricing in the risk of “wartime inflation” instead of “AI-induced recession.” He said this shift paved the way for Bitcoin to regain strength against the Nasdaq Composite, which is largely represented by technology stocks.

    Hayes also touched upon the policies of the US Federal Reserve, downplaying concerns about hawkish monetary policy and stating that the impact of tightening on market liquidity would be limited.

    In contrast, he argued that the eSLR regulations, which came into effect in April and allow banks to extend more credit, would create approximately $1.3 trillion in new lending capacity. Hayes maintained that this increase in liquidity and the defense spending triggered by the war economy would offset the economic slowdown caused by artificial intelligence.

    Hayes, arguing that the market has passed its lows, stated that current conditions create a strong bullish environment for Bitcoin, emphasizing that investors should be prepared for higher price levels in the coming period.

    *This is not investment advice.

  • Trump administration fires all members of US’ National Science Board

    Trump administration fires all members of US’ National Science Board

    Democrats blast latest move by the administration to radically restructure the federal government.

    United States President Donald Trump’s administration has fired all 22 members of the board that sets the policies of the government-funded national science agency, according to an ex-board member and lawmakers.

    The dismissals at the National Science Board (NSB), the policy and advisory arm of the National Science Foundation (NSF), mark the Trump administration’s latest move to radically restructure the government following the gutting of multiple agencies, including the Department of Education and the US Agency for International Development (USAID).

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    Roger Beachy, who was reappointed to a second six-year term on the science board by Trump in 2020, said he and his colleagues were not given a reason for their dismissal.

    “The termination email was brief and to the point, with a ‘thank you for your service,’” Beachy, an emeritus biology professor at Washington University in St Louis, told Al Jazeera on Monday.

    Beachy said he expected the Trump administration to appoint a new board but expressed concern about the nature of the research and education that would be supported by the agency in the future.

    “The nature of the board – partisan or independent? – and how it interacts with the agency is of critical importance to the continuing success of the NSF,” Beachy said.

    Democratic lawmakers, who had earlier reported hearing of the dismissals from unspecified sources, blasted the Trump administration’s action.

    “This is the latest stupid move made by a president who continues to harm science and American innovation,” Zoe Lofgren, the most senior member of the US House of Representatives’ science committee, said in a statement.

    “Will the president fill the NSB with MAGA loyalists who won’t stand up to him as he hands over our leadership in science to our adversaries?” Lofgren said, calling the firings a “real bozo the clown move”.

    NSF
    The headquarters of the National Science Foundation in Alexandria, Virginia, on May 29, 2025 [File: Mark Schiefelbein/AP]

    The White House and the NSF did not immediately respond to requests for comment sent outside of usual business hours.

    Trump has yet to publicly confirm or comment on the firings, but his administration previously targeted the NSF for sweeping cuts instituted by tech billionaire Elon Musk’s Department of Government Efficiency (DOGE).

    Under last year’s cost-cutting drive, officials scrapped or halted more than 1,600 NSF grants worth nearly $1bn.

    The NSF, established as an independent federal agency in 1950, spent more than $8bn on scientific research and education in 2025, making it one of the largest individual funders of science worldwide.

    Beachy said it was too early to predict how the dismissals would affect science funding in the long term.

    “It is important to note that support for the NSF, both statutorily and in terms of its budget, has been bipartisan in the past,” he said.

    “If such support continues, we can have greater optimism for its future and can look forward to the continuing excellence of the US science enterprise.”

  • Iran war: What’s happening on day 60 as diplomacy gathers pace?

    Iran war: What’s happening on day 60 as diplomacy gathers pace?

    Trump team reviews Iran peace plan to reopen Hormuz with nuclear talks potentially delayed to a later stage.

    United States President Donald Trump’s national security team is reviewing an Iranian peace proposal aimed at halting the war and reopening the Strait of Hormuz. The plan comes as Washington weighs its next steps, including delaying talks on Iran’s nuclear programme.

    Iran’s Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in Saint Petersburg, saying Tehran is considering a US request to resume negotiations. The comments signal cautious movement on diplomacy despite ongoing tensions.

    Meanwhile, dozens of countries have called for the “urgent and unimpeded reopening” of the Strait of Hormuz, a crucial maritime route through which one-fifth of global oil passes.

    Here is what we know:

    In Iran

    • Iranian demands over Hormuz: A top Iranian official said his country’s armed forces would be the authority responsible for the Strait of Hormuz under a proposed national law for managing the waterway.
    • Iran blames US for stalled talks: The Iranian foreign minister blamed Washington for the failure of talks after landing in Russia as part of a whirlwind diplomatic tour, with direct negotiations between the warring parties seemingly at an impasse.
    • Iran accuses Washington of ‘high seas robbery’: Tehran condemned Washington’s capture of two Iran-linked oil tankers, the Majestic X and the Tifani, calling it “the outright legalisation of piracy”.
    • Foreign Ministry spokesman Esmaeil Baghaei said the move amounted to “armed robbery on the high seas”.

    War diplomacy

    • Iran FM meets Putin: President Vladimir Putin told Iran’s Foreign Minister Araghchi that Russia would do everything it could to halt the war, as the two met in Saint Petersburg.
    • Envoys’ lack of Iran nuclear expertise a ‘weakness’: Critics say Trump’s negotiators, Jared Kushner, Steve Witkoff and JD Vance, rely more on loyalty and access than diplomatic experience. Former US Ambassador Gordon Gray said their closeness to Trump is an advantage, but warned their lack of familiarity with Iran’s nuclear file is a “crucial weakness”.

    In the Gulf

    • Gulf states align with Iran on Hormuz: Gulf nations are likely to welcome Tehran’s peace proposal to end the war without negotiating a new nuclear deal, analyst Dania Thafer says. “They have a different ordering of priorities … and it does align with Iran’s proposal of opening the Strait of Hormuz at the front of this negotiation,” she told Al Jazeera.
    • Dozens urge Hormuz reopening: In a joint statement led by Bahrain, dozens of countries renewed calls for the “urgent and unimpeded opening” of the Strait of Hormuz. United Nations chief Antonio Guterres warned the impasse risks the “worst supply chain disruption since COVID-19 and the war in Ukraine”.

    In the US

    • Trump security meeting: Trump will hold talks on the Iran war on Monday with his top security advisers, US media reported, as negotiations with Tehran remain deadlocked.
    • Trump may accept Iran proposal to end war: The US president is likely to back Tehran’s plan to ease mounting economic pressure, former US official Henry S Ensher said. “The top of the agenda has to be reopening the Strait of Hormuz,” he told Al Jazeera, adding the nuclear issue will be harder to resolve.
    • Ensher said Washington may separate nuclear talks from efforts to reopen the vital trade route, calling such a move a potential “strategic victory for Iran” but necessary given the strain on the global economy.
    • Vance could become MAGA ‘hero’ if war ends: JD Vance, the US vice president, could boost his standing if he helps secure a US exit from the Iran conflict, analysts say.
    • Republican strategist John Feehery noted that negotiators Kushner and Witkoff are “extraordinarily close to Israel”, while Vance’s reported appeal to Iran gives him diplomatic weight. “If Vance can get us out of this war, that will … make him a hero to the MAGA movement,” Feehery told Al Jazeera.

    In Israel

    • Israeli soldier killed: The Israeli army said one of its soldiers was killed “during combat” in southern Lebanon. Israel has been accused of breaching the ceasefire that has been in place since mid-April.
    • Netanyahu claims Hezbollah arsenal depleted: Israel’s Prime Minister Benjamin Netanyahu said the group has only about 10 percent of its weapons remaining, based on comparisons with stockpiles “at the start of the war”, though he did not specify which conflict. Despite the claim, Hezbollah is still believed to possess tens of thousands of rockets, missiles and drones.

    In Lebanon

    • Israel attacks Lebanon: The Israeli military said it had begun hitting Hezbollah positions in Lebanon’s Bekaa region, despite a ceasefire that began this month.
    • Hezbollah rejects talks: Hezbollah leader Naim Qassem rejected Lebanon’s planned direct talks with Israel, calling them a “grave sin” that will destabilise Lebanon.
  • Ondo Finance adds proxy voting for holders of its $700 million tokenized equities

    Ondo Finance adds proxy voting for holders of its $700 million tokenized equities

    Ondo Finance is bringing tokenized equities closer to their traditional counterparts, offering investors a way to participate in corporate governance.

    The feature, built with Broadridge Financial Solutions (BR), allows holders of more than 250 tokenized securities on Ondo’s platform to review company filings and submit voting preferences through Broadridge’s ProxyVote system.

    Investors can log in with crypto wallets, then access documents and governance tools typically reserved for brokerage accounts.

    The move comes as tokenized equities have emerged as one of the fastest-growing sectors in crypto, bringing stocks and ETFs on blockchain rails. The category now holds over $1.1 billion in value locked, tripling in size over the past year, RWA.xyz data shows. Ondo is the largest issuer in the sector, reporting more than $700 million in stock and ETF tokens on its Global Markets platform, offered to non-U.S. investors.

    Adding proxy voting to equity tokens matters because these offerings have often lacked basic governance rights. While Ondo’s tokens remain separate from the underlying shares and do not grant direct shareholder rights, the new system lets investors express preferences that Ondo can apply when voting the shares it holds.

    “It really hits at the heart of Ondo’s vision to make traditional financial assets more accessible,” Matthieu de Vergnes, Ondo’s global head of institutional, said in an interview with CoinDesk. “You get all the benefits of being onchain – freely transferable, compatible with DeFi – and on top of that, you get the governance that you have from the the underlying.”

    Broadridge, which processes large volumes of proxy votes in traditional markets, is extending its infrastructure to blockchain systems with this move. The firm said the goal is to support both digital and conventional assets within the same workflows.

    Giving investors the same level of auditability, transparency and compliance will “really go a long way in making the tokenized world more scalable, giving that level of trust to end investors,” said Danielle Gurrieri, senior vice president and head of product management at Broadridge.