Galaxy, a leading player in financial technology within the crypto sector, has become the first company to adopt Broadridge Financial Solutions’ ProxyVote platform for tokenized as well as traditional securities. Broadridge announced that the latest iteration of its ProxyVote platform now enables proxy voting not only for conventional equity shares but also for digital shares issued on the blockchain, marking a crucial step in integrating blockchain technology with established financial infrastructure.
New voting model for onchain shareholders
Earlier this year, Galaxy partnered with Superstate to issue shares on the blockchain. For its annual general meeting and shareholder vote, scheduled to take place in May, the company will be the first to leverage the next-generation capabilities of Broadridge’s ProxyVote. Galaxy CEO Mike Novogratz described this move as a significant milestone in the ongoing transformation of capital markets, underscoring the shift from theory to practice in blockchain-based shareholder governance.
We have long believed that tokenization will reshape capital markets. Moving proxy voting onchain has now become a reality, not just a theory, Novogratz said.
The ProxyVote platform allows shareholders to review meeting documents and cast votes electronically. Thanks to its recently enhanced functionalities, both conventional and tokenized shareholders can now vote through a unified interface. Initially, votes will be recorded on the Avalanche blockchain, with plans underway to integrate additional blockchain networks in the future.
Growing momentum and solutions in tokenized equities
Several publicly listed companies—including Sharplink and Forward Industries—have recently moved to issue their shares on blockchain networks. Sharplink has selected Ethereum, while Forward Industries is using the Solana blockchain for this purpose. Superstate’s Opening Bell tokenization platform, which enables issuance and trading of native—not synthetic—equities, launched in May 2025 and signals growing institutional interest in digital shares.
While current integrated solutions and real-world case studies for tokenized shares remain relatively limited, industry observers note that tokenized equity could soon play a greater role in decentralized finance—as collateral or as a tool for company governance. Onchain shareholders participating via blockchain wallets would be able to engage directly in corporate decision-making processes.
Our goal is to create a more efficient model for shareholders by combining traditional market trust with the advantages of blockchain, company representatives noted.
Other firms, such as Securitize, are also developing solutions focused on digital share issuance. As the U.S. Securities and Exchange Commission works to clarify its regulatory framework for these assets, many in the sector anticipate an acceleration in the adoption of blockchain-based corporate governance applications and other innovative practices.
