NYSE Signs Broadridge, Computershare and Equiniti for Its Tokenized Stock Venue
The big three transfer agents serve nearly 99% of the S&P 500, NYSE says. The venue still needs regulatory approval, and no launch date has been given.
The New York Stock Exchange has signed four more transfer agents for its planned tokenized securities venue. In an insights post and an X article on Monday, NYSE named Broadridge, Computershare, Equiniti and Superstate. They join Securitize and tZERO, which had already signed.
A transfer agent keeps the official record of who owns a company's shares. It's the job that has to change if a share is going to live on a blockchain and still count as the real thing.
The @NYSE's network of transfer agent partners is expanding.
More firms are joining us to support Issuer Sponsored Tokenized Securities on the new NYSE-affiliated venue for trading tokenized securities.
NYSE split the six firms into two camps. Securitize, Superstate and tZERO bring "blockchain-native infrastructure, on-chain recordkeeping, and digital asset expertise." Computershare, Equiniti and Broadridge bring "decades of transfer agent experience." NYSE says those three "together serve close to 5,000 publicly listed companies, including nearly 99% of the S&P 500."
Computershare's Ann Bowering said the firm is "the first transfer agent to offer Issuer-Sponsored Tokens." Journalist Eleanor Terrett noted that Bullish has agreed to buy Equiniti. She also noted that NYSE's venue is separate from the OKX and ICE tokenized-stock venue, which falls under the SEC's innovation exemption and is facing issuer pushback.
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What the venue would do
NYSE says the platform will offer 24/7 operations, instant settlement, orders sized in dollar amounts and stablecoin-based funding. It pairs NYSE's Pillar matching engine with blockchain post-trade systems that can settle on multiple chains.
It would trade two kinds of tokens. One is third-party custodial tokens. The other is issuer-sponsored tokenized securities. NYSE says both are fungible with traditionally issued shares, "so people who hold tokenized shares will get the same dividends and governance rights as other shareholders." Access would run through participating broker-dealers.
Broadridge said separately that it will bring on-chain shareholder voting to the venue. Its "governance smart contracts" link tokens to meeting agendas, voting rules and results. Broadridge CEO Tim Gokey said it brings transfer agency and proxy voting "together in one solution—regardless of how shares are traded or where they are held." The framework also covers proxy material distribution and digital wallet sign-in tied to verified voting entitlements. Investors could vote through supported wallets, broker apps or ProxyVote.
Congratulations to the @NYSE on another milestone for its upcoming tokenized securities platform.
Expanding the ecosystem is an important step toward making issuer-sponsored tokenization the gold standard for our industry.
Everything here is "pending regulatory approval." As The Midpoint noted, the announcement "does not say which approvals are needed or give a launch date." Terrett noted the platform was first announced in January. Broadridge describes the platform as "scheduled to launch following regulatory approval."
The new broker-dealer says its tokens will carry the same DTC-recorded claim investors hold in a brokerage account. Key pieces are still in development, and there's no launch date.
Twelve banks in Hong Kong's pilot can now settle tokenized-deposit trades around the clock. Standard Chartered launched a corporate product on it the same day.
