Kraken parent Payward moves to add voting rights for xStocks token holders

Payward, the parent company of U.S. exchange Kraken, is moving to give voting rights to holders of tokenized stocks on its xStocks platform, The Block reported. Holders of stock tokens on xStocks had not had voting rights, unlike spot shareholders, but recent cooperation with brokerage services firm Broadridge has opened the door to providing those rights. xStocks recently surpassed $25 billion in cumulative trading volume and plans to expand the service into global markets including the UK, Europe and South Korea.