Qualified holders of tokenized equities via Payward's xStocks can now vote on corporate governance. The integration covers 500+ instruments, excluding US and UK.
Broadridge Financial Services and Payward Services have integrated corporate proxy voting into the xStocks tokenized equity platform, giving qualified holders the right to vote on underlying company decisions. The setup uses Web3 authentication to verify identity. Once through, holders access Broadridge's ProxyVote.com interface to review materials and cast votes on eligible tokenized equities, the firms said.
Broadridge's existing infrastructure handles reporting, audit trails, and governance protocols. The firms said this lets participants use standard voting procedures while staying in the digital asset ecosystem. Voting is limited to jurisdictions where regulations and product specifications allow. The service will not be offered in the United States or the United Kingdom, including to U.S. persons.
Payward's xStocks lists over 500 tokenized instruments, including stocks, ETFs, and pre-IPO offerings. The company plans to add securities from other international exchanges. Backed is the issuer of xStocks instruments; Payward handles distribution outside prohibited territories.
The partnership addresses a gap in the tokenized equity market. These instruments traded on blockchain but lacked the voting rights attached to the underlying stocks. Broadridge and Payward said the integration completes the functional picture, making tokenized equity ownership more like traditional stock ownership.
This follows Payward's recent deal with GTN to bring Hong Kong exchange listings into xStocks. Further expansion targeting Europe, South Korea, and other regions is underway. Major institutions including JPMorgan (JPM, Alpha Score 67, +0.84% today) and Goldman Sachs (Alpha Score 59) have experimented with comparable tokenization infrastructure, the firms noted.
Broadridge provides shareholder communication, post-trade processing, digital wallet technology, and custody. The firm said it will support both issuer-directed and custodian-based tokenization through a single governance platform. The integration gives qualified tokenized equity holders influence over corporate decisions. For the tokenized equity market, it removes a significant functional difference from traditional stocks. The service is now available for qualified xStocks instruments outside the US and UK.
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