Broadridge Financial Solutions has expanded its governance platform to include digital assets, with Galaxy as its inaugural public company client for on-chain proxy voting.
This initiative aims to enable the management of proxy voting, corporate actions, and disclosures across both traditional and tokenized securities within existing operational workflows.
The platform enables public companies, funds, broker-dealers, wealth managers, and retail and institutional investors to oversee governance activities irrespective of how their assets are held. The announcement underscores Broadridge’s governance infrastructure as a complementary addition to its current tokenization services, which already process USD 8 trillion in tokenized assets monthly.
Galaxy will leverage Broadridge’s platform for its upcoming annual shareholder meeting and vote in May 2026. This deployment marks one of the first instances where an US-listed company uses on-chain proxy voting.
Proxy votes will be recorded on a blockchain infrastructure based on Avalanche’s layer-1 network and distributed across multiple blockchains. Integration with Broadridge’s ProxyVote platform allows investors using digital wallets to receive materials, confirm holdings, and submit votes with a verifiable record on-chain.
Unified view of all holding types
A key feature of the solution is its consolidation of governance activities across registered, beneficial, and tokenized holdings into a single issuer view. This approach aims to eliminate fragmentation for companies that issue both traditional and tokenized shares, ensuring consistent oversight.
The platform supports both issuer-sponsored and third-party-sponsored tokenized securities, reflecting the diverse models currently evolving in digital asset markets. Broadridge views this compatibility as essential for supporting the sector’s ongoing development.
Tokenization in financial services has seen significant growth recently, with major players transitioning from pilot projects to full-scale deployments. Governance infrastructure, covering shareholder rights such as proxy voting and corporate actions, lags behind the pace of tokenization itself, creating a structural gap as more securities are represented digitally on-chain.
Broadridge’s move to address this gap through a production deployment with a listed public company marks a transition from theoretical capability to practical market function. The ability to manage governance across both legacy and tokenized holdings in one workflow also addresses the pragmatic needs of issuers navigating a transitional period where both formats coexist.
