xStocks Voting Rights Enabled as Payward Adjusts Governance Structure

Payward partners with Broadridge to enable proxy voting for xStocks holders, marking a significant governance upgrade for the tokenized equity product.

Woofun AI reports that Payward, Kraken’s parent company, has partnered with Broadridge to grant eligible xStocks holders the ability to submit proxy voting requests. This development alters the previous framework where xStocks lacked voting privileges. Issued by Backed, xStocks remains restricted to qualified investors outside the United States and the United Kingdom.

The supported asset list has expanded to include Hong Kong-listed stocks via a collaboration with GTN. Future plans aim to extend coverage to markets including the UK, Europe, and South Korea. Broadridge will supply digital asset infrastructure support, encompassing proxy voting, post-trade services, wallets, and custody solutions.