Today Broadridge Financial Solutions announced it is expanding its proxy voting and disclosure platform to include tokenized securities, with data recorded on an Avalanche L1 blockchain and propagated to other chains. Issuers will be able to view voting across conventional and digital securities in a single dashboard, with proxy voting the first corporate action supported and others to follow.
Galaxy, the first US listed company to issue native tokenized equity on a major public blockchain, has adopted the Broadridge solution and will use it during its annual meeting in May.
“Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore,” said Mike Novogratz, Founder and CEO of Galaxy. “With Broadridge, we’re combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders.”
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