South Africa’s central securities depository (CSD) will leverage the solution to improve voting efficiencies and increase shareholder participation in South Africa
STOCKHOLM, Sweden and JOHANNESBURG, South Africa, Nov 22 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) and Strate (Pty) Ltd, the South African CSD, announced today an agreement for Nasdaq to deliver a new blockchain solution that would bring electronic voting to the South African capital markets. The solution will allow Strate, in conjunction with key stakeholders in the market, to provide general meeting services and give shareholders an easy, user-friendly and secure tool for voting remotely. The solution is based on the successful proof of concept (PoC) developed for Nasdaq’s Estonia market. In addition, Strate will contribute to the ongoing market development of e-Voting technology.
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