Broadridge Enables On-Chain Proxy Voting for Galaxy Digital Shareholders
- Broadridge is launching on-chain proxy voting via its Avalanche-based layer-1 network.
- Galaxy Digital’s tokenized equity holders can participate in the May shareholder vote using Broadridge’s platform.
- Shares of both companies rose as the broader market rebounded.
- Broadridge will integrate its ProxyVote platform into digital wallets, allowing investors to submit votes and receive materials.
- The Nasdaq recently received SEC approval to trade tokenized stocks in a pilot program.
Avalanche-based technology is being utilized by Broadridge to facilitate on-chain proxy voting, marking a significant step towards integrating tokenized equities into traditional financial systems. This initiative allows Galaxy Digital shareholders with tokenized equities to actively participate in governance processes, enhancing shareholder engagement and transparency.
This development underscores the growing adoption of blockchain technology in capital markets, with Broadridge and Galaxy Digital at the forefront of this transition by enabling real-time, secure shareholder participation through their innovative platforms.(Source)
