Discover the Latest Breakthrough in Corporate Governance: Galaxy Partners with Broadridge for Onchain Proxy Voting
In a groundbreaking move, Galaxy has teamed up with Broadridge to utilize their onchain governance platform for the upcoming May 2026 annual shareholder vote. This partnership marks a significant milestone as Galaxy becomes the first U.S. public company to implement onchain proxy voting, a move that is set to revolutionize the way corporate governance is conducted.
Empowering U.S. Public Companies with Onchain Proxy Voting
Broadridge, a leading provider of financial technology solutions, recently announced the extension of its governance platform to include support for tokenized equities. This development enables proxy voting, corporate actions, and disclosures to seamlessly operate across both traditional and tokenized securities. Galaxy, known for issuing native tokenized equity on a major public blockchain, will leverage this platform for its upcoming annual shareholder meeting and vote in May.
Mike Novogratz, the visionary founder and CEO of Galaxy, emphasized the significance of this collaboration in bringing blockchain governance from theory to reality. He highlighted the importance of onchain proxy voting as a fundamental aspect of equity ownership and praised the combination of traditional market infrastructure with blockchain technology for a more efficient shareholder experience.
The proxy voting process will be securely recorded on Broadridge’s Avalanche-based layer one (L1) blockchain and distributed across multiple chains. Shareholders holding tokenized shares will have the convenience of accessing materials, verifying holdings, and submitting votes through digital wallets, with each action being transparent and verifiable.
One of the key features of Broadridge’s platform is its ability to consolidate voting across registered, beneficial, and tokenized holdings into a unified view, eliminating fragmentation in governance activity tracking and reporting. This “single pane of glass” approach streamlines the governance process for companies issuing both tokenized and traditional shares.
With its support for issuer-sponsored and third-party-sponsored tokenized securities, Broadridge’s platform offers a versatile solution that caters to the evolving landscape of tokenized equity models across various market structures. This flexibility opens up a wide range of use cases for companies looking to embrace tokenization.
Having already processed $8 trillion in tokenized assets per month, Broadridge’s expansion into onchain proxy voting and corporate action support fills a crucial gap in institutional adoption of tokenized equities. Tim Gokey, CEO of Broadridge, emphasized the importance of governance infrastructure in scaling the tokenized equity market, citing the Galaxy partnership as a testament to the platform’s effectiveness.
Galaxy’s upcoming shareholder meeting in May will serve as a pivotal test for onchain proxy voting by a U.S.-listed company, setting a precedent for other public companies exploring tokenized equity issuance and governance practices. The market for tokenization has been steadily growing as financial institutions seek to enhance settlement efficiency and reduce back-office costs, with onchain governance now emerging as a critical component.
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