- Broadridge is scaling its blockchain infrastructure, which already handles $8 trillion in tokenized assets monthly, to include on-chain proxy voting and governance.
- Galaxy Digital will become the first U.S. public company to issue native tokenized equity for shareholder meetings using this Avalanche-based system in May.
- The platform consolidates separate workflows for traditional and digital securities, streamlining operations for major institutions like BlackRock and Morgan Stanley.
Broadridge Financial Solutions Inc. announced on Monday that it has expanded its governance platform to support digital assets, with Galaxy Digital set to use the system for its upcoming annual meeting in May. This pivotal move enables the management of proxy voting across both traditional and tokenized securities within a single platform for the first time.
Consequently, previously separate workflows for asset types are now consolidated. This streamlines operations for public companies, broker-dealers, and investors of all sizes.
Galaxy Digital will be the first U.S. public firm to issue native tokenized equity on a major blockchain via this system. The company will use Broadridge‘s Avalanche-based Layer 1 for its May shareholder meeting before potential distribution across other chains.
Mike Novogratz, Founder and CEO of Galaxy Digital, stated, “With Broadridge, we’re combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders.” Galaxy’s stock rose over 2% in morning trade following the news.
Meanwhile, retail sentiment around GLXY on Stocktwits remained neutral. Chatter levels dropped to ‘high’ from ‘extremely high’ over the past day, according to reports.
The announcement builds on Broadridge‘s existing tokenization infrastructure processing $8 trillion monthly. It extends the firm’s services across investor communications, proxy voting, and trading for its major backers.
These institutional investors include Vanguard, BlackRock, State Street, and Morgan Stanley. The move signifies Wall Street’s accelerating push into tokenized assets and blockchain-based infrastructure.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- China Aims to Boost Small Biz Loans With Blockchain
- German Police ID REvil Ransomware Boss Behind $40M Hits
- Shiba Inu’s “Middle Age” Crisis: Collapse Risk Grows
- Kiyosaki: 1974’s economic shift fuels debt, retirement crisis
- Dogecoin (DOGE) Post a Notable Rebound, Experts Show More Interest In Taurox (TAUX) as It Opens Pre-KYA Registration
