Broadridge to Bring On-Chain Governance and Digital Transfer Agency Services to NYSE Tokenized Securities Platform
Broadridge Financial Solutions has announced plans to bring on-chain shareholder governance and digital transfer agency services to the New York Stock Exchange's (NYSE) tokenised securities platform. The platform will launch after regulatory approval. The integration will fuse tokenised securities, shareholder communications, proxy voting and digital transfer agency services. Also, it will give public companies more options for bringing their shares on-chain while helping investors exercise their shareholder rights.
On-Chain Shareholder Governance
The NYSE platform will use Broadridge's governance smart contracts to connect tokenised securities with shareholder meeting agendas, voting rules and verifiable voting results. The framework will support proxy materials distribution and digital wallet authentication linked to verified voting entitlements. It will let investors exercise their shareholder rights even as share ownership moves on-chain. Investors may access Broadridge's on-chain governance services through supported digital wallets, broker interfaces or ProxyVote, depending on their preferences.
Issuer Options
Broadridge will integrate its digital transfer agency services into the NYSE tokenised securities platform. It will expand the platform's connectivity with digital transfer agency solutions and give issuers greater flexibility in bringing their equities on-chain. Through these services, NYSE-listed companies may tokenise their stocks for trading on the platform. The integration will connect issuer services with digital trading infrastructure.
Connecting Capabilities
The partnership brings several services and capabilities together, including stock tokenization, transfer agency services, shareholder communications, proxy voting and digital identity. The integration strives to connect tokenised stock ownership with the current infrastructure that supports public company governance. Broadridge and NYSE strive to support investors and issuers in traditional and digital securities environments by combining these capabilities.
Broadridge's Tokenisation Solutions
Broadridge is developing solutions that help issuers tokenise their stocks, support on-chain proxy voting and governance, and access digital asset infrastructure. Also, its offerings cover post-trade services, digital wallets and custody. Its governance platform supports different models of tokenised securities, including issuer-listed models, synthetic securities issued outside the United States and third-party tokenised shares within the United States.
Broadridge's DLX is a tokenization platform help financial institutions manage tokenised securities’ entire lifecycle. It covers issuance, trading, financing, settlement and servicing. One of its solutions is Distributed Ledger Repo (DLR). Broadridge describes it as the world's largest institutional platform for settling tokenised real assets. The solution tokenises more than $360 billion daily.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) provides technology and communication solutions for the financial services industry. It contributes to investor communication, proxy voting, and post-trade processing. Also, the company supports banks, brokers, and asset managers with tools that power capital markets and wealth management processes.
Wrapping Up
The integration is a progress in connecting conventional financial services with digital asset infrastructure. It strives to make tokenised securities accessible to issuers and maintain shareholder rights and protections.
Register your company now and get featured on our homepage!