The SEC just settled the argument everyone's been having for two weeks. Order 34-106402, issued Thursday. To qualify as a tokenized stock in the US, a token must give holders the same rights and privileges as the real share. Dividends and voting rights, in the text. Products that only track a price are explicitly excluded under a condition the SEC literally titled "No Synthetics." Voting stopped being a roadmap item. It's the definition. Robinhood Chain built the largest tokenized stock market in the world in three months. Whatever the offshore structure is today, the standard is now written down, and the part that was missing was never the shares or the law. It was a way to know what holders want. OnRecord is now the only available place to do it. Every proposal from every proxy card, signed by wallets, weighted at the record block, attested onchain. Anyone can verify it, including the issuer. Your shares. Your vote. On record.