Broadridge Financial Solutions announced on April 6, 2026, that it extended its proxy voting platform to cover tokenized equities. The company built the new infrastructure on a dedicated Avalanche Layer 1 blockchain, powered by Ava Cloud. Votes recorded on the Avalanche-based L1 propagate across multiple blockchains, allowing the system to bridge traditional and digital securities. Broadridge’s existing ProxyVote platform integrates directly into digital wallets, so investors can receive materials, confirm their holdings, and submit votes with a verifiable on-chain record. Issuers, meanwhile, get a single dashboard that consolidates voting data from registered, beneficial, and tokenized shares into one view. The setup eliminates the fragmented workflows that have long complicated corporate governance across different asset types.
Another Fortune 500 company is building on Avalanche.@Broadridge, a fintech company that processes trillions from thousands of public companies, is bringing proxy voting onchain, powering shareholder governance globally. pic.twitter.com/dOTi7KYRTl
— Avalanche🔺 (@avax) April 6, 2026
Why Proxy Voting Matters
Proxy voting gives shareholders the ability to vote on corporate decisions without attending annual meetings in person. Those decisions typically include board elections, executive compensation, and major policy changes. For public companies, ensuring that every share, across every custodian and format, gets counted accurately is a significant operational challenge. Traditional proxy systems rely on a chain of intermediaries, including brokers, custodians, and transfer agents, each maintaining separate records. This fragmentation creates reconciliation errors, delays, and gaps in participation. Blockchain solves the reconciliation problem directly by creating a single, immutable ledger that all parties can reference. Broadridge’s move brings that same efficiency to tokenized equity, where no standard governance infrastructure previously existed.
The L1 becomes a single, trusted system of record for governance.
— Avalanche🔺 (@avax) April 6, 2026
Instead of information being spread across emails, intermediaries, and different platforms:
• Votes are captured in one place
• Records are transparent and verifiable
• Data stays in sync across systems
Galaxy Digital Signs On as First Adopter
Galaxy Digital (Nasdaq: GLXY) will use Broadridge’s Avalanche-based platform for its annual shareholder meeting in May 2026. Notably, Galaxy became the first U.S. public company to issue native tokenized equity on a major public blockchain. That distinction makes it a natural fit for the first live deployment of on-chain proxy voting. Mike Novogratz, Galaxy’s Founder and CEO, addressed the significance directly. “Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore,” Novogratz said. “With Broadridge, we’re combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders.” The May meeting will mark the first time a U.S. public company consolidates voting across traditional and tokenized shares in a single system.
Why Broadridge Chose Avalanche
Broadridge selected Avalanche specifically because the network supports dedicated application-specific L1 chains through its Ava Cloud infrastructure. This design allows Broadridge to run blockchain functions inside its existing financial workflows without rebuilding separate systems from scratch. Avalanche’s subnet architecture has attracted a growing list of institutional builders looking for compliance-friendly, customizable environments. For a firm like Broadridge, which handles governance and disclosures for public companies and asset managers, the ability to operate a permissioned chain with its own rules was a key requirement. The platform propagates vote data from the Avalanche L1 to other chains, making the infrastructure interoperable with the broader digital asset ecosystem. Avalanche noted this deployment as another example of a major financial institution building production infrastructure on its network.
The Scale Behind This Announcement
Broadridge is not a newcomer to blockchain. The company already processes $8 trillion in tokenized assets per month through its existing infrastructure. Its Pass-Through Voting solution now covers more than 600 funds representing more than $8 trillion in assets, up from 100 funds two years ago. The firm serves banks, broker-dealers, asset managers, and public companies globally, acting as a communications hub connecting thousands of issuers to tens of millions of individual investors. Broadridge also piloted blockchain-based proxy voting years earlier, using distributed ledgers to create cryptographically-signed, immutable vote records that eliminate overvoting and reconciliation issues. The April 6 announcement scales those pilots into a live, production-grade platform for the tokenized securities market.
What It Signals for Institutional Blockchain Adoption
This deployment represents a concrete example of financial infrastructure moving on-chain in a regulated, production context. Broadridge is not experimenting. It is running live shareholder votes for a Nasdaq-listed company on a public blockchain. The proxy voting capability is also described as the first in a planned series of corporate actions for tokenized assets. Dividend distributions, rights offerings, and other governance events could follow. As more companies issue tokenized equity and more assets move on-chain, the need for native governance infrastructure grows accordingly. Broadridge’s choice to build that infrastructure on Avalanche, rather than a private ledger, positions the network as a serious contender for institutional-grade financial applications. The broader tokenization trend continues to pull major financial firms toward public and permissioned blockchain infrastructure as the technology proves itself in real deployments.
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