Key Takeaways:
Galaxy will use Broadridge’s onchain governance platform for its May 2026 annual shareholder vote, the first for a U.S. public company. Broadridge, which already processes $8 trillion in tokenized assets monthly, extended its Proxyvote platform to cover tokenized equities. Novogratz said the Broadridge partnership moves onchain proxy voting from theoretical to operational for public companies.
Onchain Proxy Voting Goes Live for U.S. Public Companies Through Broadridge and Galaxy
Broadridge (NYSE: BR) announced Monday that it extended its governance platform to support tokenized equities, enabling proxy voting, corporate actions, and disclosures to run across both traditional and tokenized securities. Galaxy (Nasdaq: GLXY), which became 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.
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.”
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.
For companies issuing tokenized shares alongside traditional shares, Broadridge’s platform consolidates voting across registered, beneficial, and tokenized holdings into a single view. The company calls it a “single pane of glass” approach, designed to remove fragmentation in how governance activity is tracked and reported.
The platform is built to support both issuer-sponsored and third-party-sponsored tokenized securities. That compatibility gives it a wider range of use cases as tokenized equity models continue to develop across different market structures.
Broadridge already processes $8 trillion in tokenized assets per month. The new governance layer extends that infrastructure by adding onchain proxy voting and corporate action support, filling a gap that had previously kept institutional adoption of tokenized equities from moving further into practice.
Tim Gokey, CEO of Broadridge, stated that the company sees governance infrastructure as essential to scaling the tokenized equity market. He pointed to the Galaxy partnership as an early demonstration of how that infrastructure can work for a live public company.
The Proxyvote platform, already used widely in traditional markets, serves as the backbone of the new digital asset integration. Investors already using it in standard brokerage accounts will interact with the same system, extended to cover tokenized positions.
Broadridge operates across 21 countries and employs more than 15,000 people. Its platforms generate over 7 billion communications annually and support more than $15 trillion in daily average trading across tokenized and traditional securities.
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.
