Broadridge Financial Solutions Inc has announced the extension of its governance platform to support digital assets.
The firm writes that this new capability enables public companies and funds, broker-dealers and wealth managers, and retail and institutional investors to manage proxy voting, corporate actions, and disclosures across both traditional and tokenised securities within their existing platforms and workflows.
This new tokenised equity capability complements Broadridge’s market-leading tokenisation capabilities, which already process USD8 trillion in tokenised assets per month, the firm says. As tokenisation gains momentum across financial services, Broadridge writes that it is delivering the critical governance infrastructure necessary to support digital asset adoption and growth at scale.
Galaxy, the first US public company to issue native tokenised equity on a major public blockchain, will utilise Broadridge’s platform for its upcoming annual meeting and shareholder vote in May, marking a significant step in the adoption of digital assets within public markets.
“We’ve long believed that tokenisation will reshape capital markets, and this is a meaningful step towards a tokenised equity market,” says Mike Novogratz, Founder and CEO of Galaxy. “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 to deliver a more efficient model for shareholders.”
“Ensuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenised equities,” says Tim Gokey, CEO of Broadridge. “Today’s announcement highlights Broadridge’s unmatched ability to support market leaders like Galaxy with innovative solutions that support their tokenisation roadmap. It also marks another step towards our goal of extending our leading tokenisation capabilities with a suite of solutions across investor communications, proxy voting and trading.”
The platform introduces corporate actions for tokenized assets, starting with proxy voting, which will be recorded on Broadridge’s Avalanche based L1 and then distributed across multiple blockchains. Integrating Broadridge’s ProxyVote platform into digital wallets, investors can receive materials, confirm their holdings and submit votes, all with a transparent and verifiable record.
To simplify the annual meeting process for public companies issuing tokenised shares alongside traditional shares, Broadridge writes that its solution consolidates voting across registered, beneficial, and tokenised holdings into a single view for issuers. This “single pane of glass” approach removes fragmentation and enables consistent oversight of governance activity regardless of how assets are held. The platform is designed to support all forms of tokenisation, including both issued-sponsored tokenised securities and third party-sponsored tokenised securities, ensuring compatibility with evolving market models.
