Broadridge Financial Solutions (NYSE: BR) announced Monday that it has extended its governance platform to support tokenized equities, enabling proxy voting, corporate actions, and disclosures to run across both traditional and tokenized securities. Galaxy Digital (Nasdaq: GLXY), the first U.S. public company to issue native tokenized equity on a major public blockchain, will use the platform for its annual shareholder meeting and vote in May 2026.
Mike Novogratz, founder and CEO of Galaxy, said the milestone moves blockchain governance out of the theoretical. “Proxy voting is a core feature of equity ownership and bringing proxy voting onchain for a public company is not theoretical anymore,” Novogratz remarked. “With Broadridge, we’re combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders.”
Technical Details: Recorded on Avalanche L1 and Distributed Across Chains
The proxy voting process will be recorded on Broadridge’s Avalanche-based layer one (L1) blockchain and then distributed across multiple chains. Investors holding tokenized shares can receive materials, confirm holdings, and submit votes through digital wallets, with a transparent and verifiable record attached to each action. The platform supports both issuer-sponsored and third-party-sponsored tokenized securities, giving it a wider range of use cases as tokenized equity models continue to develop.
For companies issuing tokenized shares alongside traditional shares, Broadridge’s platform consolidates voting across registered, beneficial, and tokenized holdings into a single view, called a “single pane of glass” approach. Broadridge already processes $8 trillion in tokenized assets per month. The new governance layer adds onchain proxy voting and corporate action support, filling a gap that had previously kept institutional adoption of tokenized equities from moving further into practice.
Galaxy's May 2026 Shareholder Meeting: First Public Test Case
Tim Gokey, CEO of Broadridge, stated that governance infrastructure is essential to scaling the tokenized equity market. The Galaxy partnership serves as an early demonstration of how that infrastructure can work for a live public company. Galaxy’s May shareholder meeting will be one of the first public tests of onchain proxy voting by a U.S.-listed company. The outcome will be watched closely by other public companies exploring tokenized equity issuance and the governance requirements that come with it.
The broader tokenization market has grown steadily as financial institutions look for ways to increase settlement efficiency and reduce costs tied to traditional back-office infrastructure. Onchain governance has been one of the remaining gaps, and Broadridge’s platform represents a direct move to close it. Broadridge operates across 21 countries and employs more than 15,000 people, generating over 7 billion communications annually and supporting over $15 trillion in daily average trading across tokenized and traditional securities.