Galaxy plans to test onchain proxy voting for tokenized shares at its annual general meeting and shareholder vote scheduled for May, becoming the first company to use the next-generation capabilities of Broadridge’s ProxyVote for this process. Earlier this year, Galaxy partnered with Superstate to issue shares on the blockchain. The move extends tokenized equity beyond issuance and into shareholder governance, putting blockchain-based holders into a formal voting workflow tied to a public-company setting.
ProxyVote combines traditional and tokenized shareholder voting
Broadridge’s ProxyVote already lets shareholders review meeting materials and submit votes electronically. With its updated functions, conventional shareholders and tokenized shareholders can now vote through the same interface. In the first phase, vote records will be written to the Avalanche blockchain, and additional blockchain networks are planned for future integration.
Galaxy CEO Mike Novogratz said the company has long held the view that tokenization would reshape capital markets, and that moving proxy voting onchain has now become a practical reality rather than a theoretical idea. That comment points to a broader shift: tokenized shares are starting to reach governance use cases, not just issuance and trading experiments.
Tokenized equity activity is expanding across several issuers
A number of public companies have recently chosen blockchain networks for share issuance. According to the source material, Sharplink selected Ethereum, while Forward Industries is using Solana. Superstate’s Opening Bell platform, which supports the issuance and trading of native rather than synthetic equities, launched in May 2025. Its rollout is presented as a sign of rising institutional interest in digital shares.
Integrated solutions and real-world examples for tokenized equity are still limited. Even so, industry observers cited in the source say tokenized shares could take on a larger function in DeFi, including use as collateral or as a tool in company governance. If shareholders participate through blockchain wallets, they could engage more directly in corporate decision-making. Company representatives said the objective is to build a more efficient model for shareholders by combining the trust structure of traditional markets with blockchain’s advantages.
Regulatory clarity remains in focus as more firms build issuance tools
Galaxy and Superstate are not alone. The article also points to Securitize as another firm developing products centered on digital share issuance. At the same time, the U.S. Securities and Exchange Commission is working to clarify the regulatory framework for these assets. As that process develops, blockchain-based corporate governance applications and related tokenized equity experiments are drawing closer attention across the sector.