Crypto conglomerate Galaxy Digital will become the first company to utilize Broadridge Financial Solutions' expanded governance platform for an on-chain shareholder vote during its upcoming annual meeting in May. This marks a significant step in the tokenization of traditional equity markets.
Broadridge, a major corporate services firm, announced on Monday that its ProxyVote platform will now support both traditional and tokenized securities. The platform allows shareholders to review proxy materials and cast votes on corporate matters. Galaxy, which previously worked with Superstate to issue its stock on-chain, will leverage Broadridge's new capability.
"We've long believed that tokenization will reshape capital markets, and this is a meaningful step towards a tokenized equity market," said Galaxy CEO Mike Novogratz. "Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore."
The offering will initially utilize the Avalanche Layer 1 blockchain to record corporate governance votes on-chain before expanding to additional networks. Broadridge stated the platform will provide a "single pane of glass" viewing solution to consolidate voting across registered, beneficial, and tokenized holdings. The goal is to simplify the annual meeting process for public companies offering both tokenized and traditional shares.
Novogratz emphasized the partnership's significance: "With Broadridge, we're combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders."
The development is part of a broader trend of tokenizing equity. Beyond Galaxy, digital asset treasury firms Sharplink (SBET), focused on Ethereum, and Forward Industries (FWDI), focused on Solana, have also brought their shares on-chain. Superstate launched its Opening Bell tokenization platform in May 2025, enabling firms to issue and trade non-synthetic shares.
While integrations remain limited, tokenized equities hold potential for use across the DeFi landscape, including as collateral for loans. On-chain shares could also reshape corporate governance by enabling holders to participate directly via their blockchain wallets. Other firms, including Securitize, are exploring issuer-native tokenized equity offerings as the U.S. Securities and Exchange Commission continues to clarify rules for this emerging field.
