Broadridge Launches Onchain Proxy Voting Platform with Galaxy Digital as First Client

The NYSE-listed infrastructure provider, a major player in traditional finance proxy voting and corporate actions, is expanding into crypto with a solution built on the Avalanche blockchain.

Holders of Galaxy Digital’s tokenized shares will use Broadridge’s ProxyVote platform to cast votes at the company’s annual meeting in May, according to a 6 Apr statement. Galaxy was one of the first major listed digital asset firms to issue tokenized versions of its shares.

Onchain shareholders have so far been unable to participate in corporate governance, leaving them at a disadvantage compared with traditional shareholders. Broadridge’s platform is designed to address this by enabling proxy voting, corporate actions and financial disclosures directly onchain.

The offering is also intended to integrate with existing workflow tools used by funds and wealth managers.

"Proxy voting is a core feature of equity ownership and bringing proxy voting onchain for a public company is not theoretical any more," said Galaxy Digital founder Mike Novogratz. "With Broadridge, we’re combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders."