Broadridge and Payward Services to Give xStocks Holders a Governance Voice | LeapRate
Broadridge Financial Solutions said Thursday that it has agreed to support shareholder communications and proxy voting for eligible holders of xStocks, the tokenised equities framework developed by Payward Services.
The company said the move is aimed at closing one of the clearest gaps between tokenised equities and traditional share ownership.
The company’s unified governance platform will let eligible xStocks holders submit voting preferences for the shares underpinning their tokenised equities.
Payward Services is the B2B infrastructure platform from Payward (the parent company of digital asset platform Kraken).
It offers more than 500 tokenised assets across equities, ETFs and pre-IPO offerings, with tokenised equities from several international markets expected to follow.
“The endgame for tokenization was never just building faster programmable capital markets. It’s about giving people across the world everything that comes with owning a piece of a company, including a voice in how it’s run,” commented Mark Greenberg, Payward’s chief commercial officer and global head of Payward Services.
Doug DeSchutter, president of Broadridge’s Investor Communication Solutions business, stated that investors “should not have to choose between blockchain innovation and shareholder rights.”
Under the arrangement, eligible holders will authenticate to ProxyVote.com using Web3 authentication, review proxy materials for the underlying securities and submit their voting preferences digitally.
Broadridge noted that the experience brings trusted governance capabilities from traditional markets into blockchain-native ecosystems while preserving the efficiency of tokenised assets.
