Broadridge expands proxy voting solution to tokenized securities. Galaxy adopts

Published
Score
7

Why it matters

Broadridge Financial Solutions expanded its ProxyVote governance platform to support proxy voting, corporate actions, and disclosures for tokenized securities alongside traditional ones, with votes recorded on its Avalanche-based L1 blockchain and distributed across chains. [1][3][4][9] Galaxy (NASDAQ: GLXY), the first U.S. public company to issue native tokenized equity on a major public blockchain, adopted the platform as the initial user for its May 2026 annual shareholder meeting, enabling tokenized shareholders to vote directly via digital wallets in a unified interface.[1][2][3][5][9]

Key players include Broadridge (NYSE: BR), a fintech giant processing $8 trillion in tokenized assets monthly and over $15 trillion in daily securities trading; Galaxy, building on its prior tokenized share issuance with Superstate; and executives Mike Novogratz (Galaxy CEO), who hailed it as shifting onchain voting from theory to practice for better transparency, and Tim Gokey (Broadridge CEO), who emphasized scalable governance infrastructure. [1][2][4][5][9] The platform supports issuer- and third-party-sponsored tokenized assets, integrating with existing workflows for public companies, funds, broker-dealers, and investors.[3][4][8]

This development follows Galaxy's blockchain equity issuance and Broadridge's tokenization leadership, addressing legacy proxy voting inefficiencies like intermediaries and delays amid rising tokenization momentum in finance.[1][5][9] Announced April 6, 2026, it's newsworthy for pioneering onchain governance for a U.S. public company, bridging TradFi and DeFi to enable efficient, verifiable shareholder participation and scale digital asset markets.[2][5][7][9]

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