Securitize CEO proposes on-chain shareholder registry to replace paper proxies

Securitize (SECZ) CEO Carlos Domingo has proposed using a blockchain-based shareholder registry in place of paper proxy forms sent by mail, according to Crypto Briefing. Under the current structure, information on end investors is not always delivered directly to companies as it passes through multiple intermediaries and nominal shareholders. As a result, companies use paper documents and mail when sending shareholders voting materials and other information tied to major corporate decisions. Domingo suggested putting that information on a blockchain to create a digital record of actual stockholders and make communication between companies and investors more direct.