The New York Stock Exchange is working with Broadridge Financial Solutions on services tied to its planned tokenized stock trading platform, according to CoinDesk. Under the arrangement, Broadridge will provide on-chain governance and digital transfer agent services, including shareholder record management, investor communications, and proxy voting support. Investors will eventually be able to take part in shareholder votes through supported wallets, brokerage platforms, or Broadridge’s existing ProxyVote service. The setup is designed to let tokenized equities trade on-chain while preserving shareholder rights associated with traditional markets. Broadridge said it currently serves more than 10,000 listed companies worldwide and processes over $15 trillion in securities settlement each day. CoinDesk also reported that Securitize and tZERO had previously been included in the NYSE tokenization platform’s transfer agent service buildout.
NYSE has partnered with Broadridge Financial Solutions to support its planned tokenized stock trading platform, according to CoinDesk.
Broadridge will provide on-chain governance and digital transfer agent services for the platform. The scope includes shareholder record management, investor communications, and proxy voting functions. Investors will later be able to participate in shareholder votes through supported wallets, brokerage platforms, or Broadridge’s existing ProxyVote service.
Keeping shareholder rights tied to traditional markets
Broadridge is set to help tokenized stocks trade on-chain while retaining shareholder rights associated with traditional markets. The company currently serves more than 10,000 listed companies globally and processes more than $15 trillion in securities settlement every day.
Earlier transfer agent arrangements already in place
Before this partnership, Securitize and tZERO had also been brought into the NYSE tokenized platform’s transfer agent service plans, CoinDesk reported.
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