Tokenized equities now account for 15% of the market (up 3x year-to-date) with a total market cap around $2.8 billion, led by Ondo, Binance and xStocks.
Payward (Kraken) shifts from non-voting tokenized equities to enabling proxy voting via Broadridge, signaling governance participation for xStocks and expanding offshore deployment, with $25B in xStocks volume historically and ongoing expansion plans.
Broadridge and Payward extend governance rights to xStocks token holders by integrating Broadridge’s platform with ProxyVote.com, enabling Web3-authenticated proxy voting and digital shareholder communications for tokenized assets.