NYSE taps Broadridge to put shareholder voting on blockchain
RWA & Tokenization ·
The exchange is partnering with Broadridge to bring blockchain-based proxy voting to its tokenized stock platform, extending the service's reach to more than 10,000 public companies worldwide.
The New York Stock Exchange has partnered with Broadridge to move shareholder voting onto the blockchain as part of its tokenized stock platform, according to leviathan.news. Under the arrangement, investors will be able to cast votes through supported wallets, brokers, or Broadridge's existing ProxyVote service, giving holders of tokenized shares multiple paths to participate in corporate governance.
Broadridge's infrastructure already serves more than 10,000 public companies globally, a scale that would let NYSE extend blockchain-based voting well beyond a pilot group of issuers. By routing votes through wallets and brokers alongside ProxyVote, the setup aims to let the new on-chain mechanism sit on top of channels shareholders and intermediaries already use, rather than requiring a separate system built from scratch.
The move is part of a broader push to tokenize equities on NYSE's platform, with voting rights representing one of the core shareholder functions that must be replicated on-chain for tokenized stock to function as a full substitute for traditional share ownership. Proxy voting has long relied on intermediated record-keeping across custodians and brokers, and placing that process on a blockchain is framed as a way to streamline how votes are recorded and verified.
The development is corroborated by at least one other account describing the same NYSE-Broadridge partnership to shift shareholder voting onto blockchain rails, with coverage of the news currently drawn from two distinct sources.
Unresolved for now are the technical specifics of which blockchain or ledger will host the voting records, the timeline for rollout across the 10,000-plus companies Broadridge serves, and whether participation will begin with a limited set of issuers before wider expansion. Also unclear is how vote reconciliation will work across the three channels — wallets, brokers, and ProxyVote — when a single shareholder's tokenized position could theoretically be accessed through more than one of them.