Avalanche founder explains why speed and security can coexist in blockchain (5:29)
Broadridge Financial Solutions (NYSE: BR), a global technology leader that processes $8 trillion in tokenized assets every month, is expanding its reach into the digital asset space.
On Monday, April 6, the company announced that its governance platform now supports digital assets, allowing public companies, funds, broker-dealers, wealth managers, and retail and institutional investors to manage proxy voting, corporate actions, and disclosures across both traditional and tokenized securities within a single system.
By providing this critical infrastructure, Broadridge aims to support the large-scale adoption of digital assets as tokenization gains momentum across the financial industry.
Related: Ava Labs exec compares blockchain evolution to the early internet
Galaxy to pilot blockchain voting in May
Galaxy (NASDAQ: GLXY) will be the first major U.S. public company to utilize this new capability. Having already issued native tokenized equity on a public blockchain, Galaxy will use Broadridge’s platform for its upcoming annual meeting and shareholder vote in May.
Mike Novogratz, Founder and CEO of Galaxy, described the move as a significant step toward a modernized market.
“Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore,” Novogratz stated.
He noted that the partnership combines the reliability of traditional infrastructure with the efficiency of blockchain technology.
Powered by Avalanche and Ava Cloud
To handle the complex and regulated nature of shareholder governance, Broadridge built this platform on a dedicated Avalanche Layer 1 (L1) blockchain powered by Ava Cloud.
This choice allows the company to modernize how voting works without needing to overhaul its entire existing infrastructure.
Using an Avalanche L1 provides several key benefits:
A secure environment: It creates a dedicated space where data is handled appropriately and only authorized participants have access.
Single system of record: Instead of spread-out information in emails or through various intermediaries, all votes are captured in one place.
Verified transparency: Records are transparent and stay synchronized across different systems, ensuring data accuracy.
Most Trending on TheStreet Roundtable:
Rich Dad Poor Dad author gives more bad news to Americans
Analyst makes shocking prediction on Bitcoin's next 'god candle'
Ripple injects $250 million lifeline into billionaire twins-led exchange
A simplified experience for investors
The platform integrates Broadridge’s ProxyVote system directly into digital wallets.
This allows investors to receive materials, confirm what they own, and submit their votes with a record that is both transparent and verifiable.
For the companies issuing the shares, Broadridge offers a “single pane of glass” view. This consolidates voting data from registered, beneficial, and tokenized holdings into one screen, removing the fragmentation that often plagues corporate governance.
Tim Gokey, CEO of Broadridge, emphasized that accurate and cost-effective governance is vital for the growth of tokenized equities.
He noted that the announcement marks another step in providing a full suite of digital solutions across trading, voting, and investor communications.
Related: Solana Policy Institute president says fight over stablecoin rules is about 'competition'