Payward, the parent company of U.S. cryptocurrency exchange Kraken, is moving to grant voting rights to holders of tokenized stocks on its xStocks platform, according to a report from
- Kraken's parent company, Payward, plans to grant voting rights to holders of tokenized stocks on its xStocks platform, a move facilitated by a partnership with Broadridge.
- This development addresses a key limitation of tokenized securities by aligning them more closely with traditional equity ownership, potentially increasing their appeal to investors.
- The initiative is seen as a significant step in the maturation of the tokenized asset class and a proactive move towards global market expansion and regulatory compliance.
Topics: Asset types, Institutional adoption, Legal regulatory, Equity, Asset manager initiatives, Securities law classification
Tags: #kraken #payward #xstocks #tokenizedstocks #votingrights #broadridge #corporategovernance #shareholdercommunication #tokenizedsecurities #regulatorycompliance
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