Catenaa, Friday, April 10, 2026-Galaxy will conduct its May shareholder vote using blockchain infrastructure, becoming the first public company to use Broadridge Financial Solutions’ expanded ProxyVote platform to support onchain equity governance.
The move allows Galaxy shareholders to review materials and cast votes recorded on a blockchain, marking a shift in how corporate governance functions for tokenized securities. Broadridge said its platform now supports both traditional and tokenized shares, enabling a unified system for investors holding assets across formats.
Galaxy, which previously issued tokenized shares through blockchain infrastructure, will use the system during its upcoming annual meeting. The initial deployment will run on the Avalanche Layer 1 blockchain, where votes will be recorded immutably before potential expansion to other networks.
The development comes as tokenization gains traction across financial markets, with firms experimenting with issuing equities on blockchain rails. Traditional proxy voting systems have long been criticized for inefficiencies, delays and lack of transparency, especially when shares are held across multiple custodians.
Broadridge’s ProxyVote platform has historically served as a backbone for corporate voting in traditional markets. By integrating blockchain capabilities, the firm aims to bridge legacy financial infrastructure with emerging digital asset systems.
Galaxy is among a small but growing group of companies exploring tokenized equity issuance. Other firms have begun placing shares onchain to enable faster settlement, improved transparency and broader investor access. These efforts align with a wider industry push to modernize capital markets using distributed ledger technology.
Bringing proxy voting onchain could reshape shareholder participation by enabling direct engagement through digital wallets. Investors may be able to vote in near real time, reducing reliance on intermediaries and minimizing reconciliation issues between registered and beneficial holders.
The approach could also streamline annual meetings by consolidating voting records into a single system. Broadridge said its platform offers a unified interface that aggregates votes across traditional and tokenized holdings, potentially reducing operational complexity for issuers.
Beyond governance, tokenized equities could expand into decentralized finance applications. Onchain shares may be used as collateral in lending markets or integrated into automated financial systems, opening new use cases for publicly traded securities.
However, adoption remains early, and regulatory clarity continues to evolve. Authorities are still defining how tokenized securities fit within existing frameworks, particularly around custody, compliance and investor protections.
Market participants view the initiative as a practical step toward broader tokenization rather than a theoretical concept. Analysts say governance functions such as proxy voting are a natural starting point because they involve clear processes that can benefit from transparency and automation.
Some experts caution that interoperability and standardization will be critical for scaling adoption. Without common frameworks, tokenized systems could fragment, limiting the benefits of blockchain integration across markets.
Others note that institutional trust will depend on how well platforms like Broadridge integrate with existing systems. Combining established infrastructure with blockchain capabilities may ease concerns among traditional investors and regulators.
Tokenized equities have emerged as a focal point in the convergence of traditional finance and blockchain technology. Platforms have explored issuing shares directly onchain, enabling faster settlement compared with conventional systems that can take days to finalize transactions.
Broadridge, a major provider of investor communications and governance services, processes a large share of global proxy votes each year. Its expansion into blockchain reflects increasing demand for digital solutions in capital markets.
Galaxy has positioned itself at the intersection of digital assets and traditional finance, investing in infrastructure that supports tokenization. The firm’s decision to conduct an onchain shareholder vote represents one of the first real-world applications of blockchain-based governance for a public company.
As more firms experiment with tokenized securities, the success of initiatives like this may influence how quickly the model scales. The integration of voting, settlement and ownership records onchain could redefine how equity markets operate in the years ahead.
