Broadridge and Galaxy Pioneer Blockchain Proxy Voting for US Public Companies – Blockchain Bitcoin News
Key Takeaways:
Galaxy will use the Broadridge OnChain governance platform for its May 2026 annual shareholder vote, a first for a US public company. Broadridge, which already processes $8 trillion in tokenized assets every month, has extended its Proxivote platform to cover tokenized stocks. Novogratz said the Broadridge partnership will move onchain proxy voting from theoretical to public companies.
Onchain Proxy voting goes directly to US public companies through Broadridge and Galaxy
Broadridge (NYSE: BR ) announced Monday that it has expanded its governance platform to support proxy voting, corporate actions and disclosures through traditional and bearer shares. Galaxy (Nasdaq: GLXY ), the first U.S. public company to issue native tokenized equity on a major public blockchain, will take the stage for its annual shareholder meeting and vote in May.
According to Galaxy founder and CEO Mike Novogratz,
“Proxy voting is a core feature of equity ownership and bringing proxy voting to a public company is no longer theoretical,” Novogratz said. “Together with Broadridge, we are combining the reliability of traditional market infrastructure with the benefits of blockchain to provide a more efficient model for shareholders.”
The proxy voting process is recorded on the Broadridge Avalanche-based Layer One (L1) blockchain and then distributed across multiple chains. Investors holding tokenized shares can receive materials, verify holdings and cast votes through digital wallets, with each action transparent and verifiable.
For companies issuing tokenized shares alongside traditional shares, the Broadridge platform consolidates voting across all registered, beneficial and token holdings with a single view. The company calls it a “single pane of glass” approach designed to eliminate fragmentation in how it tracks and reports management activity.
The platform is built to support both issuer and third-party backed tokenized securities. That compatibility gives it a wider range of use cases as simulated equity models continue to be built across different market structures.
Broadridge processes $8 trillion in variable assets per month. The new governance layer expands the infrastructure by adding onchain proxy voting and corporate action support, filling a gap that previously prevented institutionalized shares from being implemented.
According to Broadridge CEO Tim Gokey, the company sees governance infrastructure as essential to expanding the tokenized equity market. He pointed to the Galaxy partnership as an early demonstration of how that infrastructure could work for a live public company.
The Proxivote platform, widely used in traditional markets, serves as the backbone for the new digital asset integration. Investors using regular brokerage accounts interact with the same system, which extends to tokenized positions.
Broadridge operates in 21 countries and employs more than 15,000 people. The platforms generate more than 7 billion interactions per year and support more than $15 trillion in average daily transactions in tokenized and traditional securities.
Galaxy's May shareholder meeting will be one of the first public tests of on-chain proxy voting by a US-listed company. It closely follows the results of other public companies offering tokenized equity and the management requirements that come with it.
As financial institutions look for ways to increase settlement efficiency and reduce costs associated with traditional back-end infrastructure, the broader token market is growing. Onchain governance is one of the remaining gaps and the Broadridge platform represents a direct step towards closing it.
