The New York Stock Exchange wants you to vote with blockchain

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https://cryptoast.fr/nyse-actions-tokenisees-broadridge-vote-blockchain/

The New York Stock Exchange (NYSE) announced this Monday, November 2 on X the arrival of four new transfer agents on its future tokenized securities platform. Broadridge Financial Solutions, Computershare, Equiniti and Superstate join Securitize and tZERO, already involved in the project.

The combined weight of these new players is considerable, as Computershare, Equiniti and Broadridge between them serve nearly 5,000 listed companies, including approximately 99% of the companies included in the S&P 500 index! A base that gives the future platform potential access to most of the major American equity issuers.

Transfer agents play a central role in traditional finance. They are the ones who keep shareholder registers, track ownership movements, and channel dividends and voting rights. Bringing them on board its new tokenized securities platform is therefore essential for the NYSE to transform classic shares into legally recognized tokenized versions.

To invest in American stocks that the NYSE is preparing to tokenize, an online broker like Trade Republic allows you to purchase classic securities.

This is undoubtedly one of the most striking points of this announcement: Broadridge will provide the New York Stock Exchange with an on-chain governance infrastructure, with smart contracts linking tokenized securities to meeting agendas, voting rules and verifiable results.

Thus, holders of tokenized shares will be able to vote directly on the blockchain from a compatible wallet, or via their broker's interface or Broadridge's ProxyVote platform. The goal is to preserve shareholder rights, regardless of how the securities are held.

Its institutional weight is coupled with already massive experience in tokenization. Indeed, its Distributed Ledger Repo (DLR) platform processes more than 360 billion dollars every day according to Broadridge, which places the group among the leaders in the sector.

Broadridge builds the governance layer of tokenized stocks, to ensure investors have access to trusted, institutional-grade governance. We are excited to bring these capabilities to the NYSE tokenized securities platform. We also make it easier for issuers to participate by bringing together our transfer agent services, both digital and traditional, and our proxy voting tools in a single solution, regardless of how the shares are traded or where they are held.

Machine-translated from French