Broadridge Financial Solutions, a Wall Street technology giant processing approximately $8 trillion in assets monthly, has selected the Avalanche blockchain to power its new on-chain proxy voting infrastructure. This partnership marks a significant step toward integrating blockchain technology into mainstream financial operations, specifically targeting the traditionally slow and complex process of shareholder voting.
The new system will allow investors to vote on company decisions directly on a blockchain, consolidating a process that typically involves emails, middlemen, and multiple disparate systems. By moving voting on-chain, votes can be recorded instantly and verified transparently, potentially increasing participation from retail investors who can vote directly using digital wallets.
The infrastructure is built on a dedicated Avalanche Layer 1 network, providing Broadridge with a controlled environment to manage access, protect data, and meet regulatory requirements while avoiding a complete rebuild of existing systems. Avalanche will act as a shared record-keeping system, ensuring all voting data remains synchronized and trustworthy.
The first major use case will be Galaxy Digital's annual shareholder meeting in May 2026. Galaxy will become the first U.S. public company to conduct fully on-chain shareholder voting. Mike Novogratz, CEO of Galaxy, stated, "Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore. With Broadridge, we're combining the credibility of traditional market infrastructure with the advantages of blockchain."
This initiative is part of Broadridge's broader extension of its governance platform to support both traditional and tokenized equities. The platform now enables broker-dealers, wealth managers, issuers, and investors to manage governance processes—including proxy voting, corporate actions, and investor communications—without separating traditional and tokenized holdings. Tim Gokey, CEO of Broadridge, emphasized, "Ensuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenized equities."
The development signals a shift from blockchain experimentation to integration within established financial infrastructure, addressing a key barrier in tokenized markets: governance. It points toward a future where digital and traditional assets coexist within the same operational systems.
