Kraken parent Payward shifts position on tokenized equities and voting rights
The Block·
60-second summary
Kraken's parent company Payward is shifting its position on tokenized equities and voting rights, allowing eligible xStocks holders to submit proxy voting preferences for the first time. This change affects approximately 100,000 investors, who will now have a say in company decisions. The move aims to increase transparency and investor engagement in the tokenized equity space.
While previously xStocks holders had no voting rights, this deal will allow eligible investors to submit proxy voting preferences.