Broadridge Supports Proxy Voting Access for xStocks

Broadridge is collaborating with Payward to facilitate access to the proxy voting process for xStocks holders. Eligible holders can access Broadridge's proxy voting platform, ProxyVote.com, through Web3 identity verification and submit their voting intentions on shareholder meeting agendas. Broadridge announced in May that it would expand its voting rights and disclosure solutions for tokenized securities, planning to handle both traditional and tokenized securities consistently. xStocks is a tokenized stock framework operated by Payward, backed 1:1 by U.S. listed stocks and ETFs. Currently, it is available for trading with 640 stocks and ETFs across more than 110 countries, but it is not offered to residents of the U.S., U.K., Canada, Australia, and sanctioned jurisdictions. Kraken explains that xStocks holders do not own the underlying stocks and have no voting or dividend rights. This collaboration focuses on providing a pathway for eligible holders to participate in the voting process. Broadridge is also working with ONDO and Alpaca to connect the voting rights infrastructure for tokenized securities, and it announced that proxy voting access features will be available through ProxyVote.com on July 2. Payward plans to expand the xStocks offering from U.S. stocks to Hong Kong-listed stocks.

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