Broadridge to Bring OnChain Governance and Digital Transfer Agency to New York Stock Exchange Tokenized Securities Platform
Broadridge will link tokenized shares to proxy voting and ownership records as the exchange builds a blockchain-based stock platform.
- On Monday, Broadridge Financial Solutions Inc announced plans to provide on-chain governance and digital transfer agency services to the New York Stock Exchange's planned tokenized securities platform, scheduled to launch following regulatory approval.
- NYSE Group President Lynn Martin stated, "Tokenization has the potential to transform the manner in which issuers interact with their shareholders," as the exchange aims to connect trading, clearing, and governance into a unified ecosystem.
- CEO Tim Gokey said, "Broadridge is building the governance layer for tokenized equities," noting the firm serves over 10,000 public companies and enables investor voting via ProxyVote and supported digital wallets.
- Tokenization specialists Securitize and tZERO are also providing transfer agency services for the NYSE platform, while the Depository Trust & Clearing Corporation unveiled its own tokenization platform last week focusing on custody and transfers.
- Broadridge continues expanding its blockchain business through its DLX tokenization platform, which processes more than $360 billion in transactions daily and supports issuer-listed models and third-party tokenized shares within the United States.
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PR Newswire
GlobalFinTechSeriesBroadridge to Bring OnChain Governance and Digital Transfer Agency to New York Stock Exchange Tokenized Securities Platform
/PRNewswire/ -- Broadridge (NYSE: BR) today announced plans to bring on-chain shareholder governance and digital transfer agency services to New York Stock...
ChainCatcher reports that, according to CoinDesk, the New York Stock Exchange (NYSE) has announced a partnership with Wall Street financial services giant Broadridge Financial Solutions to provide on-chain governance and digital transfer proxy services for its planned tokenized stock trading platform. These services cover shareholder record management, investor communication, and proxy voting. Investors will be able to participate in shareholder…
NYSE chooses Broadridge to vote shareholders and register shares in its future tokenized trading platform
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