The New York-based exchange operator said its plans for tokenizing stocks and other exchange-traded products will focus on corporate governance, and look for ways to simplify or automate proxy voting or corporate actions such as dividend payments. The framework is expected to launch in early 2027 and grant holders of the tokenized shares the same governance rights as those investors who own the underlying securities. The initiative will be open to all issuers that want to opt in, including those not listed on Nasdaq.