Galaxy taps Broadridge for onchain GLXY shareholder vote in May

Crypto conglomerate Galaxy will be the first firm to use Broadridge Financial Solutions’ expanded governance platform for its onchain shares. 

On Monday, major corporate services firm Broadridge announced its ProxyVote will now support both traditional and tokenized securities.

Galaxy, which previously tapped Superstate to issue its stock onchain, will use Broadridge's platform for its upcoming annual meeting and shareholder vote in May. 

"We've long believed that tokenization will reshape capital markets, and this is a meaningful step towards a tokenized equity market," Galaxy CEO Mike Novogratz said. "Proxy voting is a core feature of equity ownership and bringing proxy voting onchain for a public company is not theoretical anymore.”

Broadridge’s ProxyVote platform enables shareholders to review proxy materials and cast their votes on corporate matters.

The offering will initially tap the Avalanche Layer 1 blockchain to record corporate governance votes onchain before expanding to additional chains, Broadridge said, noting it will provide a "single pane of glass" viewing solution to consolidate voting across registered, beneficial, and tokenized holdings.

The hope, Broadrige said, is to simplify the annual meeting process for the growing number of public companies that offer both tokenized and traditional shares. 

Galaxy and beyond

Beyond Galaxy, digital asset treasury firms Sharplink (SBET), focused on Ethereum, and Forward Industries (FWDI), focused on Solana, have also brought their shares onchain. Superstate launched its Opening Bell tokenization platform in May 2025, enabling firms to issue and trade non-synthetic shares.

While integrations and usage have been limited, tokenized equities could theoretically be used across the DeFi landscape, including as a collateral asset for loans. Onchain shares could also conceivably expand or reshape corporate governance by enabling holders to participate via their blockchain wallets. 

“With Broadridge, we're combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders,” Novogratz said. 

Other firms, including Securitize, are also exploring issuer-native tokenized equities offerings, as the U.S. Securities and Exchange Commission continues to clarify rules and procedures around the emerging field.