Broadridge Live with On-Chain Governance for Tokenized Equities, Extending Market Infrastructure into Digital Assets
Broadridge (NYSE: BR) extended its governance platform to support tokenized equities, enabling on-chain proxy voting, corporate actions and disclosures across traditional and tokenized holdings.
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Rhea-AI Summary
Broadridge (NYSE: BR) extended its governance platform to support tokenized equities, enabling on-chain proxy voting, corporate actions and disclosures across traditional and tokenized holdings.
The solution records votes on Broadridge's Avalanche-based L1, distributes across blockchains, consolidates registered, beneficial and tokenized holdings into a single view, and will support Galaxy's May annual meeting. Broadridge says it already processes US$8 trillion in tokenized assets per month.
Positive
- Processes US$8 trillion in tokenized assets per month
- Galaxy (NASDAQ: GLXY) to use platform for May annual meeting
- On-chain proxy voting recorded on Broadridge's Avalanche-based L1
- Consolidates registered, beneficial and tokenized holdings into a single view
Negative
- None.
Details
News Market Reaction – BR
On Apr 6, the day this news came out, BR closed 0.96% above the previous close.
Data tracked by StockTitan Argus for the Apr 6 session.
Key Figures
- Tokenized assets volume
- $8 trillion per month
- Tokenization capabilities processing tokenized assets each month
Historical Context
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Fund Brand 50 report crowned BlackRock and highlighted ETF product trends.
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Integrated Crypto.com with NYFIX for global FIX-based crypto order routing.
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Announced quarterly cash dividend of $0.975 per share with April 8 payment.
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Named a Chief Growth and Strategy Officer to drive new markets and products.
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Enhanced ProxyVote with Pass-Through Voting across >600 funds and >$8T assets.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
tokenized equities technical
digital assets technical
proxy voting financial
corporate actions financial
blockchain technical
digital wallets technical
tokenization technical
on-chain technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Galaxy pioneers full ownership rights across traditional and tokenized holdings
Galaxy (NASDAQ: GLXY), the first
"We've long believed that tokenization will reshape capital markets, and this is a meaningful step towards a tokenized equity market," said Mike Novogratz, Founder and CEO of Galaxy. "Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore. With Broadridge, we're combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders."
"Ensuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenized equities," said Tim Gokey, CEO of Broadridge. "Today's announcement highlights Broadridge's unmatched ability to support market leaders like Galaxy with innovative solutions that support their tokenization roadmap. It also marks another step towards our goal of extending our leading tokenization capabilities with a suite of solutions across investor communications, proxy voting and trading."
The platform introduces corporate actions for tokenized assets, starting with proxy voting, which will be recorded on Broadridge's Avalanche based L1 and then distributed across multiple blockchains. Integrating Broadridge's ProxyVote platform into digital wallets, investors can receive materials, confirm their holdings and submit votes, all with a transparent and verifiable record.
To simplify the annual meeting process for public companies issuing tokenized shares alongside traditional shares, Broadridge's solution consolidates voting across registered, beneficial, and tokenized holdings into a single view for issuers. This "single pane of glass" approach removes fragmentation and enables consistent oversight of governance activity regardless of how assets are held. The platform is designed to support all forms of tokenization, including both issued-sponsored tokenized securities and third party-sponsored tokenized securities, ensuring compatibility with evolving market models.
Today's announcement underscores Broadridge's commitment to accelerating the adoption of digital assets across the financial services landscape. Building on its industry-leading role in tokenizing
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over
For more information about us, please visit www.broadridge.com
Broadridge Contacts:
Investors:
broadridgeir@broadridge.com
Media:
Linda.Namias@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
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