Broadridge Financial Solutions has extended its governance platform to cover digital assets, a move that will allow Galaxy to conduct on-chain proxy voting for its tokenized equity ahead of its annual shareholder meeting in May.
Galaxy's On-Chain Vote
The announcement, made Apr. 6, positions Galaxy — traded on Nasdaq under the ticker GLXY — as the first U.S. public company to use on-chain proxy voting for natively tokenized shares on a major public blockchain.
Broadridge's platform will handle proxy voting, corporate actions and disclosures across both traditional and tokenized securities.
The system records votes on Broadridge's Avalanche (AVAX)-based Layer 1 blockchain and distributes them across multiple chains. Investors can receive materials, confirm holdings and submit votes directly through digital wallets using Broadridge's ProxyVote platform.
The company already processes $8 trillion in tokenized assets per month through its existing infrastructure.
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Novogratz on Blockchain Governance
Mike Novogratz, Galaxy's founder and CEO, said on-chain proxy voting for a public company is no longer theoretical.
"Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore," he said. "We're combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders."
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