Broadridge Enables Onchain Proxy Voting for Tokenized Equities

Broadridge Financial Solutions announced on Monday that its governance platform now supports onchain proxy voting for tokenized equities, marking a significant step in integrating blockchain technology with traditional corporate processes. The firm has partnered with Galaxy Digital Holdings, the first U.S. public company to issue native tokenized shares on a major blockchain, to enable shareholders to participate in Galaxy's annual meeting and vote in May.

The expanded ProxyVote platform allows holders of tokenized shares to receive proxy materials, confirm their holdings, and submit votes directly through digital wallets. Votes and related actions will be recorded on Broadridge's Avalanche-based layer-one blockchain, with records distributed across multiple chains for transparency and verifiability. For companies issuing both traditional and tokenized shares, the system provides a unified view of voting across registered, beneficial, and tokenized holdings, which Broadridge describes as a "single pane of glass" approach to streamline governance tracking.

Galaxy CEO Mike Novogratz highlighted the development as a practical advancement. "Proxy voting is a core feature of equity...