Galaxy Makes History with On-Chain Voting – Is the Future Here Already?

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Broadridge Financial Solutions is boldly dragging proxy voting onto the blockchain, and Galaxy Digital is the lucky first public company to give it a go.

Key Takeaways (or What You Really Need to Know):

  • Galaxy is proudly using Broadridge’s blockchain platform for its May 2026 annual shareholder vote-an absolute first for a U.S. public company.
  • Broadridge, which already handles a casual $8 trillion in tokenized assets every month, has now extended its Proxyvote platform to include tokenized equities.
  • Novogratz made it clear: this partnership is taking on-chain proxy voting from “theoretical” to “operational.” Finally, someone gets it.

On-Chain Proxy Voting Actually Happens for U.S. Public Companies-Courtesy of Broadridge and Galaxy

Broadridge (NYSE: BR) announced on Monday that they’re giving their governance platform a significant upgrade. It’s now capable of supporting tokenized equities, meaning proxy voting, corporate actions, and disclosures can finally occur across both traditional and tokenized securities. Meanwhile, Galaxy (Nasdaq: GLXY)-the first U.S. public company to issue native tokenized equity on a major blockchain-will be using this new platform at their annual shareholder meeting in May. Who said blockchain is all hype?

Mike Novogratz, Galaxy’s visionary CEO, commented that this milestone pushes blockchain governance out of the realm of “what ifs” and into the “let’s see how it works” zone.

“Proxy voting is a core feature of equity ownership, and moving it onto the blockchain isn’t just some idea anymore,” Novogratz said. “With Broadridge, we’ve combined the credibility of old-school market infrastructure with blockchain’s efficiency to deliver a superior model for shareholders. You’re welcome.”

The proxy voting process will now be recorded on Broadridge’s Avalanche-based blockchain, then spread across multiple chains. Tokenized share investors will now be able to receive materials, confirm holdings, and vote-imagine that, all through a digital wallet. And, just to make things extra interesting, every action is recorded and verifiable. Who knew shareholder meetings could get this high-tech?

For companies issuing both tokenized and traditional shares, Broadridge’s platform magically consolidates voting across all types of holdings into one simple view. They call it the “single pane of glass” approach. Translation: no more confusing messes when tracking governance activity.

It gets even better-Broadridge’s platform supports both issuer-sponsored and third-party-sponsored tokenized securities. You can almost hear the doors of innovation creaking open.

Broadridge, already managing a whopping $8 trillion in tokenized assets every month, is now bringing its infrastructure into the digital era. Adding blockchain proxy voting and corporate action support fills the last gap in making institutional adoption of tokenized equities a real thing, not just a pipe dream.

Tim Gokey, CEO of Broadridge, said the company sees governance infrastructure as essential to the growth of tokenized equity markets. He pointed to the Galaxy partnership as an example of how this infrastructure can work in a live public company. It’s a start, folks-don’t mess this up.

The Proxyvote platform, already a fixture in traditional markets, serves as the backbone of this new digital asset integration. If you’re already familiar with it from regular brokerage accounts, then congratulations! You’ll find yourself using the same system-just now extended to cover tokenized holdings. Progress, right?

Broadridge operates in 21 countries and has over 15,000 employees. They generate more than 7 billion communications annually and support more than $15 trillion in daily trading. No big deal.

Galaxy’s May shareholder meeting will be one of the first true tests of on-chain proxy voting by a U.S.-listed company. All eyes will be on them as other public companies consider tokenized equity issuance and what kind of governance comes with it.

The tokenization market has been growing steadily as financial institutions search for ways to make settlement more efficient and reduce the costs associated with old-school back-office systems. On-chain governance has been the missing link. Well, guess who just solved that problem? Yep, Broadridge. You’re welcome again.

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2026-04-06 23:28