Key facts
- Broadridge said it will supply smart contracts linking tokenized shares to meeting agendas, voting rules and verifiable results.
- Investors could vote through supported wallets, broker interfaces or Broadridge's ProxyVote tool, according to the release.
- NYSE Group President Lynn Martin said tokenization could change how issuers interact with shareholders.
- The platform still needs regulatory approval, and some companies have objected to their shares being tokenized.
The New York Stock Exchange has partnered with Broadridge to bring on-chain shareholder voting and digital transfer agency services to its proposed tokenized securities platform, Broadridge said in a press release. The exchange plans to launch the platform after receiving regulatory approval.
Under the partnership, the NYSE will use Broadridge's smart contracts to connect tokenized securities to meeting agendas, voting rules and verifiable results. Broadridge said the framework will support proxy material distribution and digital wallet authentication linked to verified voting entities, letting investors exercise shareholder rights through supported wallets, broker interfaces or ProxyVote.