Broadridge Financial Solutions said on Nov. 2 that it will provide onchain governance for the New York Stock Exchange’s planned tokenized securities venue, adding shareholder voting infrastructure to a platform that has not yet launched and is still waiting for regulatory approval.
NYSE said the same day that Broadridge, Computershare, Equiniti and Superstate are joining Securitize and tZERO as transfer-agent partners for Issuer Sponsored Tokenized Securities on the venue. According to the exchange, three of those new partners — Broadridge, Computershare and Equiniti — already handle records for nearly 5,000 public companies, including about 99% of the S&P 500.
How the voting system would work
Under the structure described by the companies, token holders would be able to vote from a supported wallet, through their broker, or on ProxyVote, the shareholder voting platform operated by Broadridge.
Behind the scenes, Broadridge’s smart contracts would link each tokenized stock to its meeting agenda and voting rules, while also recording results that can be checked. Proxy materials would be delivered digitally, and each wallet would be matched to the voting rights its holder is entitled to exercise.
Broadridge will also act as a digital transfer agent, allowing companies listed on NYSE to tokenize their stock for trading on the venue.
Chief executive Tim Gokey said the firm processes more than $360 billion in assets each day.
Outside the NYSE project, Broadridge had been set to run Galaxy’s onchain shareholder vote in May. It has also announced similar arrangements with Ondo and with xStocks, a product from Payward.
Where the NYSE venue stands
NYSE first unveiled the platform in January. The exchange said it would combine its Pillar matching engine with onchain post-trade systems that can settle across more than one blockchain.
That design would let investors fund trades with stablecoins, size orders in dollars, trade at any hour and receive instant settlement.
In March, NYSE signed a memorandum of understanding with Securitize and named it the first digital transfer agent eligible to mint blockchain-native securities on the platform.
The venue is intended to list two forms of tokenized instruments: securities sponsored by issuers and tokens backed by shares held at a third-party custodian. NYSE said both would be interchangeable with ordinary shares and would carry the same dividends and voting rights.
The exchange also said broker-dealers would receive access on equal terms.
None of those plans has regulatory sign-off yet.
